bizjournals.com

Proposed Cincinnati budget adds millions for economic development: ‘I wasn’t elected to stand still’ (www.bizjournals.com)

Mayor Aftab Pureval and City Manager Sheryl Long’s budget plan will spend down the rest of the city’s share of pandemic-era rescue funds on one-time expenses after revenue projections came in much better than expected, eliminating a projected $26.4 million budget deficit.

U.S. Chili building enters next phase in $3 million redevelopment plan in Camp Washington (www.bizjournals.com)

Over the past few years, the organization has slowly been working to stabilize the building. It got quite the facelift with a new paint job, a security gate, new windows and a new roof. “The next step is getting that first floor renovated and leased,” Prigge said.

Frontier Airlines launches four new nonstop destinations from CVG (www.bizjournals.com)

Frontier’s peak summer departures are increasing by 57% under its expansion plans, which also will add flights to Boston; New York-LaGuardia; Pensacola, Fla.; and Portland, Maine, in the coming weeks. Frontier will fly nonstop to 20 U.S. cities from CVG.

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.

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