the Banks

City parks
12:14 pm
Tue March 25, 2014

Borrowing money for Smale park will likely mean no property tax decrease

A water feature at Smale Riverfront Park
Ann Thompson WVXU

Cincinnati Council is expected to vote Wednesday to issue $8 million worth of bonds to finish another portion of Smale Riverfront Park.  That borrowing likely will mean city homeowners will not see a decrease in a portion of their city property taxes.

Issuing bonds is essentially the same thing as taking out a mortgage on a house.  You get a large lump sum of money up-front and then pay it back over a long period of time.  The city sets aside a portion of its property tax revenue to make these payments.  

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Economic development
5:21 pm
Thu February 20, 2014

Mahogany's at The Banks in default

A restaurant at the popular riverfront Banks development is in default and may be forced to close.   

Mahogany’s at The Banks has ten days from Thursday to pay $50,658.47.

The letter states:

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Cincinnati politics
8:10 pm
Tue October 29, 2013

Mayor Mallory gives final State of City address

Cincinnati Mayor Mark Mallory giving State of City address on stage at Ensemble Theater in Over-the-Rhine Tuesday evening.
Jay Hanselman

Mayor Mark Mallory, quickly coming to the close of his eight years as Cincinnati mayor, used a combination of serious talk, comedic one-liners, videos and slide shows Tuesday night to make the case that he has helped turned a struggling city around.

Before a crowd of about 200 invited guests on a set dressed like a living room at Over-the-Rhine’s Ensemble Theatre, Mallory talked for an hour and five minutes about the legacy he leaves when he vacates the mayor’s office Dec. 1.

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Transportation
4:13 am
Fri August 23, 2013

More road closures around Banks

Credit The Banks Partnership

More road closures are coming along the riverfront near the Banks and the stadiums.

Here's what you need to know:

Section of Pete Rose Way to close for a series of concrete pours to create Pedestrian Bridge walking surface.

WHAT

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The Banks
3:55 pm
Wed August 21, 2013

Banks project moving foward

The Banks Partnership

Hamilton County Commissioners are giving their approval to the next phase of the Banks project. The board approved the plan Wednesday.

Project counsel Tom Gableman says Phase II-A will create 706 construction jobs.

"In terms of wages, that's about $30 million," he says. "And the total economic impact, both direct and indirect, is about $115 million."

Announced earlier this month, Phase II-A includes 305 apartments and 21,000 square feet of retail space. Gabelman estimates retail employment will create 345 jobs.

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