Approval of purchase agreement for concrete company paves way for Banks music venue

Approval of purchase agreement for concrete company paves way for Banks music venue


LEADERS, THE BENGALS AND A
PRIVATE COMPANY PAVED THE WAY
FOR NEW DEVELOPMENT ALONG THE
RIVERFRONT. WLWT NEWS 5’S TODD DYKES IS LIVE
TONIGHT WITH MORE ON TODAY’S BIG
ANNOUNCEMENT. TODD. TODD: LAST WEEK, PLANS FOR A
MUSIC VENUE ON THE SITE OF WHAT
WAS A SURFACE PARKING LOT RIGHT
ACROSS FROM THE HOME OF THE
BENGALS HIT A SERIOUS SOUR NOTE,
THAT’S WHEN CITY LEADERS VOTED AGAINST A COMPLICATED LAND-SWAP
DEAL. WITH THAT DEAL DEAD, KEY PLAYERS
AGREED TO WHAT ONE COUNTY
OFFICIAL CALLED A MUCH SIMPLER
TRANSACTIO
SAYING IT’S ABOUT MUCH MORE THAN
A MUSIC VENUE, HAMILTON COUNTY COMMISSIONERS TOOK A VOTE TODAY
THAT WILL DRAMATICALLY CHANGE
THE LANDSCAPE FOR BOTH THE BANKS
AND THE REST OF CINCINNATI’S
RIVERFRONT.>>I’M GOING TO OFFER THAT WE
APPROVE OF THE RESOLUTION
ADVANCING THE BANKS PROJECT,
HITOP ACQUISITION, BENGALS
LEASE, MUSIC VENUE IN SMALE PARK
AND THE DEVELOPMENT OF 17 ACRES OF GREENSPACE ON THE RIVERFRONT. TODD: THE COUNTY’S THREE
COMMISSIONERS VOTED YES, WHICH
WAS FOLLOWED BY A ROUND OF
APPLAUSE. COMMISSIONERS APPROVED A NEARL
28 MILLION DOLLAR PURCHASE
AGREEMENT THAT WILL HELP HILTOP
BASIC RESOURCES FIND A NEW HOME. THE CONCRETE COMPANY HAS BEEN
ACROSS THE STREET FROM PAUL
BROWN STADIUM FOR YEARS. WHEN ALL IS SAID AND DONE,
HILTOP’S PROPERTY WILL BECOME
GREENSPACE.>>BUT REALLY IT’S GOING TO BE
GREEN SPACE THAT WILL
ACCOMMODATE PARKING OF ALL
DIFFERENT TYPES OF VEHICLES AND
WHEN IT’S NOT USED FOR PARKING
IT CAN BE A GREAT FESTIVAL SPACE, A GREAT EVENT SPACE. TODD: WITH HILTOP ON BOARD, THE
BENGALS AGREED TO GIVE $30
MILLION IN SALES TAX MONEY BACK
TO THE COUNTY. THE MANY MOVING PARTS MEAN A
MUSIC VENUE CAN NOW BE BUILT
NEXT PAUL BROWN STADIUM.>>WHAT MIKE BROWN AND THE
BENGALS TEAM SAID WAS, ‘WE’RE
GOING TO TAKE THAT OUT OF OUR
POCKETS AND WE’RE GOING TO GIVE
THAT BACK TO THE COUNTY
TAXPAYERS. NOW GO ACQUIRE THE LARGEST
REMAINING PUBLICLY OWNED PARCEL
ON THE RIVERFRONT, WHICH WE DID.>>THANKS TO THE CINCINNATI
BENGALS, WHICH, I THINK AS MANY
PEOPLE KNOW, I HAVE FOUGHT SOME
TITANIC BATTLES WITH OVER THE
YEARS. THE BENGALS REALLY STEPPED UP
AND CAME THROUGH ON THIS
TO

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