bizjournals.com

Why Hamilton County rejected the Cincinnati Bengals' $350 million lease extension proposal (www.bizjournals.com)

Aluotto told the Business Courier that the county declined that deal, in part, because it was far too much money for too short of a lease term. The county would have to take on debt that would not be repaid until well after an extended lease expired. The current lease expires in 2026, although the team has the option to extend...

UC approves $36M spend for massive student housing development (www.bizjournals.com)

The so-called “Block 1 & 2” development will sit on 2.1 acres at the northwest corner of East McMillan and Vine streets in Clifton Heights. It is the last remaining vacant land in the neighborhood’s business district and is currently owned by the Clifton Heights Community Urban Redevelopment Corporation (CHCURC)....

Ackermann Group, Madisonville Community Council feud over developments new and old (www.bizjournals.com)

Madamore’s residential units are nearly fully leased, but much of the commercial space remains vacant, and the development lacks structured parking, meaning it can only offer residents one parking space per unit, even two-bedroom units, in attached surface lots. Residents without spaces must park on streets or in nearby...

Model Group taps property manager for downtown Mercantile apartments (www.bizjournals.com)

The Over-the-Rhine developer announced the partnership in a social media post April 8. Village Green is a Detroit-based firm with around 50,000 apartments under management in 50 cities. Its downtown Cincinnati office is responsible for properties in Ohio, Kentucky, Tennessee, North Carolina, South Carolina and Indiana.

Reds Opening Day streams OTA on WLWT channel 5 this year (www.bizjournals.com)

Channel 5 as well as its WLWT.com, WLWT mobile app and the Very Local app will provide not just the game but a full day of Opening Day coverage. That will include live morning broadcasts from Great American Ball Park on WLWT News 5 Today. At noon, Channel 5 will carry uninterrupted coverage of the 104th Findlay Market Opening...

Red Bike saved for at least the next year due to council, other private donations (www.bizjournals.com)

The city will kick in $197,000, with other partners coming up with $265,000 toward a $500,000 financial goal to keep the transportation service going. The city’s share will come from money it had planned to allocate toward Red Bike expansions. Instead that money will be used to shore up its operating side, pending City Council...

Cincinnati gets more federal money for Central Parkway overhaul than expected (www.bizjournals.com)

An initial version of the federal appropriations bill had $3.5 million for the project. U.S. Rep. Greg Landsman, D-Mount Washington, had requested funding through Congress’ community project appropriations and ended up getting $4.1 million in appropriations bills signed by President Joe Biden.

Red Bike board votes to shut down the bike-share; councilman vows service will be saved (www.bizjournals.com)

Jeffreys said he will convene a dozen or potential stakeholders in an effort to figure out a funding runway for the next three years so that time can be bought to create a sustainable financial model. Those groups include Metro, the Cincinnati Regional Chamber, FC Cincinnati, the Carol Ann and Ralph V. Haile Foundation, Interact...

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