Cincinnati approves funds for 7th Street garage expansion

Cincinnati City Council has approved unanimously an ordinance that will allow the City to expand Downtown's 7th Street Garage.

The ordinance creates a new capital improvement program project account for a construction project, scheduled to begin in October, that would add three parking decks to the garage in anticipation of an additional 650 Procter & Gamble support services employees.

The account will be funded with an unappropriated surplus of $110,000 from Parking Facilities Fund 102.

In early 2010, the new employees will be moving Downtown from the company's Governor's Hill facility in Symmes Township, where Procter & Gamble chose not to renew its lease.

The move will increase the number of employees at the company's Downtown campus to nearly 4,750 and will add about $30 million in annual payroll, resulting in nearly $630,000 in annual tax revenue for the City.

Previous reading on BC:
Downtown garage expansion could begin this October (8/3/09)