Cincyopolis

No, the Guildford is the Guilford - and it is still contained within the Lytle Park Historic District. There are no plans to demolish it. When they refer to the Woodford, there are actually 5 buildings involved, 3 that front on Fourth and 2 smaller, unseen buildings behind them. The actual Woodford is red bricked on the corner across from the Literary Club. There's a little 2-3 story connector and then an International style annex next to the current headquarters. Entrance is to be off of 4th. According to John Barrett, the height of the new headquarters will be approximately the same as the P&G towers.

I wish it was company stock John Barrett was risking. It's not. If Queen City Square is any indication of the approach to financing they intend to take on the new corporate headquarters and office/residential tower on Lytle Park - it's taxpayers who are taking the risk. QCS was never owned by W&S - yet they will be entitled to 100% of the profit when they announce the sale before the end of the year. We're the ones on the line if the parking garage doesn't generate enough income to pay down the debt that will still be outstanding for the next 30 years. W&S got all the guarantees: the development fees, the management fees, & any profit. Cincinnati assumed the risk.

Woodford will be demolished. That's where Western & Southern is building their new headquarters.

Western & Southern intends to tear down the garage and build a residential/office tower on top of a new garage. No specifics on height or design yet. What we want to pay very, very close attention to is the amount of public subsidy that they will ask for on this project. Since we still have a vacancy rate of over 20% on Class A office space in Cincinnati (it was at 12% prior to W&S's Queen City Square) -doesn't seem to make sense that taxpayers should be asked to subsidize any more at the present time. And hopefully we won't be handing out any more 30-year tax abatement.