Wednesday, July 1, 2009

Cincinnati to accept $475K in HUD funding for MetroWest remediation

Cincinnati City Council has voted unanimously to accept and appropriate through a new capital improvement program project account an approximately $475,000 Economic Development Initiative grant from the U.S. Department of Housing and Urban Development for remediation activities at the MetroWest Commerce Park site in Lower Price Hill.

The grant, part of a 2008 request for $1.5 million in federal funding submitted by the City to the Ohio congressional delegation, will be used for soil and groundwater remediation, infrastructure improvements, environmental consultant work, and site preparation.

The grant requires no local match.

Developers Al. Neyer Inc. and Resurgence Group LLC have proposed four or more LEED-certified buildings totaling 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 developers estimate that the $25 million project could create 400 jobs at buildout in seven to 10 years.

Previous reading on BC:
Cincinnati seeking more MetroWest funds (6/9/09)
Cincinnati creates MetroWest remediation account (4/28/09)
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)