ucnum1

It will be large and thats all i have to add.

No offense but it is mostly in your head.23 new bars and restuarants opened in otr in 2021. More than double what opened in 2020 and 2 more than in 2019.Total development in otr is booming $310 million in projects announced in 2021. https://www.bizjournals.com/cincinnati/news/2021/12/26/restaurant-openings-2021.html

Ohio historic tax credit round 27 was awarded today.Cincinnati had 11 project winners OTR cleans up again. https://s3.documentcloud.org/documents/21154218/round-27-ohptc-awards.pdf

31 unit townhome development in the latest City planning packet Dec 17 in North Bend road in College Hill.3 story buildings mostly. https://www.cincinnati-oh.gov/planning/about-city-planning/city-planning-commission/

This would be him https://en.m.wikipedia.org/wiki/Stan_Aronoff

Per the business courier the plan is to turn the first 7 floors of the Macys building into a parking garage floors 8 and up into resedential with a 19k ft rooftop terrace.

Yes UC football wants locker rooms offices in this new facility.$70-80 million price tag for this.

The park board put on hold the sale of Hollister Park it looks like anyways.From todays enquier. "The board also tabled a project set to go in Mount Auburn because of the same secretive process in which parkland would be sold, but the city didn't provide the sale cost." Seems obvious Uptown has a huge project in the works.Im guessing new UC indoor football practice facility and housing.

Coporex is the borrower in this instance and responsible for bond payments at a lower tax repayment rate with bonds.Newport isnt responsible for bond repayment. 300 W. Broadway • Frankfort, KY 40601 | (800) 626-2930 • CED.ky.gov Just the Facts: Industrial Revenue Bonds (IRB) February 2020 Industrial Revenue Bonds (IRB) may be issued by state and local governments in Kentucky to help finance industrial buildings as defined by KRS 103.200. Bond funds may be used to finance the total project costs, including engineering, site preparation, land, buildings, machinery and equipment, and bond issuance costs. • Generally, the issuer serves as a conduit to provide a lower interest rate to the borrower, but the issuer is not obligated for debt repayment. Bondholders look to the “revenue” arising from the project to cover debt service. Bond proceeds from bond issues can be lent directly by the issuer. • KRS 103 also permits the issuer to hold title to the improvements financed with IRB proceeds. In this instance, the property owned by the issuer may be exempt from local property taxes during the duration of the bond issue. This property may also be eligible to be taxed at a reduced state rate of $0.015 per $100 of leasehold value, if such reduction receives the prior written approval by the Kentucky Economic Development Finance Authority (KEDFA) as required by KRS 103.210 and KRS 132.020. (See KEDFA operating procedures as it relates to this review process.) Any portions of such projects financed by private capital are subject to the full state and local property taxes applicable to private ownership. • Communities may negotiate for payments by industrial tenants to replace portions of local property taxes lost through public title to the property. These agreements are commonly referred to as Payment In Lieu of Tax (PILOT) agreements. Kentucky Private Activity Bond Allocation The Kentucky Private Activity Bond Allocation Committee (KPABAC) administers bonds regulated by the Internal Revenue Code. The Committee approves the issuance of industrial revenue bonds with tax-free interest earnings (to bond buyers) for qualifying projects within annual ceiling amounts authorized by the I.R.C. The Kentucky Finance & Administration Cabinet’s Office of Financial Management manages the KPABAC. Additional information can be found at: http://finance.ky.gov/services/ofm/Pages/KyPrivateActivityBondAllocationCommittee.aspx. Fees There is a $500 non-refundable application fee payable upon submission of an application for local issue IRBs seeking approval by KEDFA of the reduction in the state property tax rate. To learn more, contact: Katie Smith [email protected] Phone: (502) 782-1987

Its fraud if the Church does not turn over the donated monies.Seems thier intention is to keep the monies as well.I recieved this message. I saw your message. I am a member of the save the bell tower team. I wanted to say that I empathize with your anger on this. I think to your point at least some people made donations through the FLC website thinking that their donation was definitely going to the bell tower. And not that it could be kept by the church for other purposes. The whole thing is ridiculous between you and I. We have more than enough money to make the repairs, and they simply won’t allow us to. We don’t know why, because they have shut off communication with us. We are all incredibly frustrated on our team, but also trying to keep SOME kind of decent relationship with the church so they don’t tear it down out of spite.

Not in the historic board packets or Jose Garcia website.Only those who attended the otr community council have a idea my guess.

This one took some sluething as this lot has come up before the historic board.Lot owned by fotofocus Jose Garcia designed.Building packet never had details on the build.Here ya go. At the ED&H Committee meeting, Carissa Barnard shared renderings of the proposed new-build FotoFocus facility to be located on the northwest corner of Liberty and Sycamore. The 2-story space is planned to have 2 large and 2 small galleries and a 160 - seat theater for year-round exhibition of lens-base art. https://www.google.com/url?sa=t&source=web&rct=j&url=https://otrcommunitycouncil.org/wp-content/uploads/2021/06/OTRCC-June-28-2021-Membership-Meeting-Agenda.pdf&ved=2ahUKEwjtjMrInYvyAhXYRTABHRN6B3Y4ChAWMAF6BAgDEAI&usg=AOvVaw15AigBa7ywPiaREyHhFAZT

There is still what a few hundred million getting close to starting construction in OTR late summer fall? Liberty Elm,Wilkomen 2 and Market Square 3 is about 170 mil.Add in another 30 million in otr development in ohio historic tax credits last round.

Pretty much when you break it down in the number of projects and even the percentage of tax credits awarded.13 Cincinnati projects at $ 9.8 million tax credits.Thats 13 out of 31 projects in the state.$ 9.8 million out of $36.1 mil. Cleveland 3 projects this round. Columbus 2 projects this round. Toledo 1 project and 16 total projects since the tax credit began in 07. Also Cincinnati with $ 126 million in leveraged development this round out of $ 368 million expected by the enrire state. That is kinda impressive.

https://development.ohio.gov/media/media_pr.htm

1633 Vine - Rear (Cincinnati, Hamilton) Total Project Cost: $796,020 Total Tax Credit: $78,814 Address: 1633 Vine St. - rear This building is a small commercial structure in the back lot of a larger building facing Vine Street. Once housing a tin shop, the upper story features unique architectural details such as a hoist beam and door. After years of neglect and vacancy, the building will be converted to two apartment units. 1701 Race Street (Cincinnati, Hamilton) Total Project Cost: $2,369,106 Total Tax Credit: $234,565 Address: 1701 Race St. Part of a cluster of three adjacent buildings all funded this round, 1701 Race is a four-story (plus attic) brick Italianate building. Two ground-floor commercial spaces and six apartments on the upper floors will be reactivated in this project. Original historic features, such as wood trim and the stairways, will be repaired as well as exterior features, such as the distinct windows and cornice. 1703 Race Street (Cincinnati, Hamilton) Total Project Cost: $1,978,558 Total Tax Credit: $195,897 Address: 1703 Race St. Part of a cluster of three adjacent buildings funded this round, 1703 Race was built in approximately 1876 and has first-floor commercial with two floors of apartments above. Historically a saloon, future use plans include a bar/restaurant tenant. 1705 Race Street (Cincinnati, Hamilton) Total Project Cost: $1,953,130 Total Tax Credit: $193,379 Address: 1705 Race St. Part of a cluster of three adjacent buildings all funded this round, 1705 Race was built in the ubiquitous Italianate style of Over-the-Rhine. The building holds a first-floor commercial space along with five residential units above. The commercial space, previously converted to residential, will be reversed and the storefront reinstated. 1720 Elm Street (Cincinnati, Hamilton) Total Project Cost: $2,395,505 Total Tax Credit: $235,000 Address: 1720 Elm St. This three-story brick Italianate building near Cincinnati’s Findlay Market is included in a larger revitalization project. Like so many other Over-the-Rhine buildings, 1720 Elm St. served as commercial space on the first floor with apartments above. Once completed, the project will retain this use, with an office tenant on the ground floor and residential units above. 1808 Elm Street (Cincinnati, Hamilton) Total Project Cost: $2,049,838 Total Tax Credit: $200,000 Address: 1808 Elm St. A small building that is included in a larger revitalization project in Cincinnati's Findlay Market area, 1808 Elm is an example of the significance of historic vernacular structures. After several years of vacancy, the three-story building will once again be home to five families and hold commercial space on the first floor. Built around 1865, much of the historic features have been lost, but remaining features, such as stairs, wood trim, and plaster, will be retained and repaired.

Several OTR projects awarded state tax credits.Like 11 out of 13 awarded to Cincinnati.No big projects the top about 3 million. SOUTHWEST REGION 56 E. McMicken - Rear (Cincinnati, Hamilton) Total Project Cost: $821,384 Total Tax Credit: $101,405 Address: 56 E. McMicken Ave. - rear Originally constructed around 1865, this building is tucked behind neighboring buildings. Previously residential in use, it has been vacant and neglected for decades. Years of neglect have destroyed many of the historical features, so new compatible features and systems will be added for the five new residential units. 60 E. McMicken (Cincinnati, Hamilton) Total Project Cost: $1,370,000 Total Tax Credit: $224,000 Address: 60 E. McMicken Ave. The project at 60 E. McMicken includes two c. 1870 brick buildings that have been vacant for around 30 years. After rehabilitation, they will hold five residential units and one commercial space on the ground floor. 116 E. McMicken (Cincinnati, Hamilton) Total Project Cost: $1,796,000 Total Tax Credit: $250,000 Address: 116 E. McMicken Ave. Dating to around 1859, this project includes two buildings on the same parcel; a larger one fronts East McMicken with a smaller one at the rear of the property. The front building held a first-floor commercial space with apartments above while the rear building was residential. After rehabilitation is complete, there will be 10 apartments and one commercial space. 118 Findlay Street (Cincinnati, Hamilton) Total Project Cost: $2,304,702 Total Tax Credit: $225,000 Address: 118 Findlay St. Part of a larger revitalization project near Cincinnati's Findlay Market, this building will be rehabilitated for commercial use on the first floor with seven residential units on the upper floors. The building is currently vacant and in disrepair with many missing and boarded windows and non historic finishes. During the rehabilitation project, historic features that can be repaired will be retained, and new finishes will be added where nothing remains. The historic cast iron storefront will be repaired and the infill removed to reopen the windows. 1629 Vine Street (Cincinnati, Hamilton) Total Project Cost: $2,402,641 Total Tax Credit: $237,885 Address: 1629 Vine St. Mostly gutted by a previously abandoned rehabilitation project, this mixed-use building in Cincinnati’s Over-the-Rhine neighborhood will undergo a comprehensive rehabilitation. Upon completion, the building will house eight apartments and one commercial space on the ground floor. 1633 Vine (Cincinnati, Hamilton) Total Project Cost: $1,512,749 Total Tax Credit: $149,777 Address: 1633 Vine St. Located in an area of Over-the-Rhine that hasn't yet seen a lot of reinvestment, this mixed-use building will be rehabilitated to serve as it was built with commercial space.

Yes a sports betting site and esports area are in the works 180-240 room hotel 14-16 stories range and casino expansion. Anyone catch the Ohio historic tax credits supposely announced today? 2 Cincinnati projects.The PG hotel and Price Hill Warsaw project but no word on others yet.

Talk of a casino expansion that would connect with the hotel.Would build another parking garage.

Scoop? I guess a bit but been out there Hardrock is buying the Greyhound Station and putting the Casino hotel there.

Looks like maybe bye bye Bell Tower.Sounds as if funds are not secured in 30 days its demolition and the Bell tolls no more.Time get the golden goose out. https://m.facebook.com/flccincy/photos/a.265865420184952/3743492539088872/?type=3&source=48

Uh city council approved a motion to find 500k from the 2021 surplus budget.Sounds like the cost was brought down and most of the funding has been raised. https://cincinnatioh.legistar.com/MeetingDetail.aspx?ID=867383&GUID=3D97C584-4DEA-41D7-BC92-3879B2652528&Options=info&fbclid=IwAR1vEuMWtUkXM1xxMAmxli-yi5ZDbl2rJfsMKJ9aE2pOCqS1CjtAqStIHMM

Few larger projects popped up in todays budget and fiance meeting. OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/16/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with CLC 300 Main Street LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 300 Main Street, 304 Main Street, and 302 E. Third Street in the Central Business District of Cincinnati, in connection with the remodeling of the existing building into approximately 40,000 square feet of commercial office space, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total remodeling cost of approximately $7,000,000. Not availableNot available 202102266140.OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/16/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Textile Partners LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 205 W. Fourth Street in the Central Business District neighborhood of Cincinnati, in connection with the remodeling of an existing building to create approximately 7,000 square feet of commercial retail space and approximately 215,595 square feet of residential space consisting of 282 residential units, at a total construction cost of approximately $55,347,000; and further AUTHORIZING a 10-year historic extension of such 15-year tax exemption

Remodel existing builings per how ordiance reads. City Manager 51. 202102093 ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/3/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Broadway Square IV, LLC, an affiliate of The Model Group, Inc., and the Port of Greater Cincinnati Development Authority, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 418-424 E. 12th Street, 555 E. 13th Street, and 1409 Main Street in the Over-the-Rhine neighborhood of Cincinnati, connection with the remodeling of the existing buildings into approximately 4,272 square feet of commercial retail and office space and approximately 15,539 square feet of residential space consisting of 31 residential units, at a total construction cost of approximately $5,178,022

Few new projects in the city budget and fiance agenda.All new unless i missed them being announced. Authorizing a 15-year tax exemption with 1410 Vine LLC, an affiliate of 3CDC, for a ~$3.6 million commercial development in Over-The-Rhine. Authorizing a 12-year tax exemption for a mixed-use development at 60 E. McMicken in Over-the-Rhine. The ~$1.2 million project will have five 2-bedroom residential units and 1,800 square feet of commercial space. · Authorizing a 15-year tax exemption with Broadway Square IV, LLC, and the Port for a mixed-use development at 12th/13th and Main in Over-the-Rhine. The ~$5.2 million project will have 31 residential units and 4,272 square feet of commercial retail and office space. An 8-year tax exemption for a residential development at 1623 Pleasant Street in Over-the-Rhine. The ~$602k project will renovate an existing building to create 8 residential units.