Thursday, March 19, 2009

City creates account for Oakley Square improvements

Cincinnati City Council has approved unanimously an ordinance creating a capital account for improvements to Oakley Square, a project expected to begin later this year.

The new account would be funded with $750,000 in revenues from the Oakley tax increment financing (TIF) district, approved by council in March 2008.

Improvements will include the expansion of the Geier Esplanade, bump outs, and sidewalk and curb extensions, new street trees, rain gardens, pervious pavers and sidewalks, bus shelters and signage.

In addition to TIF money, $600,000 in Cincinnati Neighborhood Business Districts United funds will be used for the project.

Previous reading on BC:
Council ordinance would create Oakley Square account (3/11/09)
Madison Road, Oakley Square drawings released (12/24/08)
Cincinnati rolls out three 'new' streetscape TIF projects (4/4/08)
Finance Committee discusses changes on streetscape TIFs (12/6/07)