City authorizes $71.1 million in bonds for projects

Cincinnati City Council unanimously passed six emergency ordinances that will help fund local development projects.

The ordinances authorize the City's Director of Finance to bonds for the following:

* Baldwin 300: $30 million for a public parking garage and other non-enumerated work;
* One River Plaza: $17.295 million for a parking garage, terrace and plaza;
* Cincinnati Encenter: $9.75 million for sidewalks, street lighting, sewers and roads;
* Madison Circle: $5.68 million for roads within the development as well as improvements to Madison Road (including a new traffic light);
* Columbia Square: $4.3 million parking, site improvements and utilities; and
* Keystone Parke: $4.075 million for a public parking garage.

All six projects are located within TIF (Tax Increment Financing) districts. Tax revenues from the developments will service the debt on the bonds.