Cincinnati Change on the Banks
Establishing Authority of the Port of Greater Cincinnati Development Authority: Ohio Revised Code Section 4582.22 authorizes counties and municipal corporations to act jointly to create a "Port Authority" as defined in those sections.
The Board of County Commissioners (BOCC) of Hamilton County, Ohio, Resolution (Volume 280, Image 5-15) dated October 4, 2000, approved an agreement for the creation of a new Port Authority between the BOCC of Hamilton County and the City of Cincinnati.
Purpose: To implement the redevelopment of the Riverfront and continue the efforts of brownfields redevelopment in Cincinnati and Hamilton County.
The Port Authority was chosen as a development mechanism by the city of Cincinnati because its unique “tool kit” could be used to assemble the necessary pieces of the development puzzle.
Nowhere else has approximately 15 acres – eight city blocks – of prominent waterfront property been pre-assembled, at one time, with the opportunity to tap into surrounding anchors that will, by 2009, generate approximately a million visitors annually to the area.
Cincinnati Change will propose that we create the following on this space:
Science Museum & Third Frontier Research Center
Global Communications Network Operations Center
African American Museum and Culture Center
Mixture of 20 plus Food, Beverage and Entertainment Sites
Multimedia Production Center
Downtown University Center
Professional Conference Center
Offices including International Center
Presidential Suites Hotel
Upscale Professional Suite Hotel
Extended Stay Hotel
Upscale Condo
Market Rate Condo
Graduate Student Housing
First Responder Housing
This project under our direction will create over 600 FTE jobs (and up to 1,000 PTE's) for people living in the Empowerment Zone of Cincinnati.
We will house over 200 businesses here including over 100 creative class third frontier multimedia production companies.
