Tuesday, April 28, 2009

Cincinnati creates MetroWest remediation account

Cincinnati City Council voted unanimously to establish a capital improvement project program account for environmental remediation and demolition costs at the future site of MetroWest Commerce Park in Lower Price Hill.

The new account will hold $3 million in Clean Ohio Revitalization Fund grants that were awarded by the Ohio Department of Development in July 2007.

Developers Al. Neyer Inc. and Resurgence Group LLC have proposed four or more LEED-certified buildings totalling 250,000 square feet and housing light industrial, flex and office space on 18 acres on and around the former site of Queen City Barrel, which burned down in August 2004.

The first building could open by summer 2010, and the developers estimate that the $25 million project could create 400 jobs at buildout in seven to 10 years.

Previous reading on BC:
Council to vote on MetroWest account today (4/22/09)
Cincinnati approves bonds, land swap, lease for new MSD offices (3/20/08)
Cincinnati wants $15M in bonds, land swap for MSD offices (3/3/08)
MSD needs new office building (11/15/07)
MetroWest receives Clean Ohio funds (7/27/07)