The Port of Greater Cincinnati Development Authority has released details of its “substantially completed” agreements with two private companies to operate Cincinnati’s parking meters, five downtown garages, and three surface parking lots.
Cincinnati is offering Pure Romance more than $850,000 in tax credits to move its company headquarters from Loveland to Downtown.
City Council will vote on the deal Wednesday.
In return the city will get nearly $3.4 million in payroll taxes during the 10 year deal. Pure Romance will bring 88 jobs to the old Delta building at the corner of Plum and Seventh Streets. That number will likely increase to 126 employees in about three years.
Interim Economic Development Director Jeff McElravy presented the details Tuesday to a Council committee.