Wednesday, April 22, 2009

Council to vote on MetroWest account today

Cincinnati City Council will vote on the establishment of a capital improvement project program for MetroWest Commerce Park at its meeting this afternoon.

The new account would be funded with $3 million in Clean Ohio Revitalization Fund grants for the cleanup of environmental contamination, demolition of buildings, and other remediation work on 18 acres in and around the former Queen City Barrel site in Lower Price Hill.

The Ohio Department of Development ranked the project first out of 17 applicants when awarding the grants in July 2007.

The $25 million MetroWest project will consist of four or more LEED-certified buildings totalling 250,000 square feet and housing light industrial, flex and office space.

Developers Al. Neyer Inc. and Resurgence Group LLC estimate that the project will create 400 jobs by the time it is built out in 7 to 10 years.

Demolition on the site began nearly a year ago, and the first building could be open by summer 2010.

Photo credit: June 2008, City of Cincinnati Office of the City Manager

Previous reading on BC:
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)
City frees $413,000 for land at MetroWest site (6/28/07)