Monday, January 26, 2009

City, National City try again in Queensgate

Cincinnati City Council will try again to pass an ordinance allowing the City to sell two Queensgate streets to National City Bank for a new data processing center.

An ordinance allowing for the sale of portions of McLean Avenue and Richmond Street was passed last September, but lacked the required six week publication of the notice of National City's petition to purchase.

The new ordinance would repeal the prior ordinance.

National City has offered $17,500 for the 0.4 acres, which abuts their Dalton Avenue facility.

CSX Transportation, the only abutting property owner, has yet to consent to the sale.

The bank says that the planned expansion will cost between $45 million and $55 million and will add 75 to 125 new jobs.

Previous reading on BC:
National City gets Queensgate expansion room (10/1/08)
Street sale would aid National City expansion, add more than 75 jobs (9/3/08)