City wants to float bonds for streetscapes

The City of Cincinnati wants to float $3.75 million in bonds for improvement projects in five neighborhoods.

The $750,000 that each project would receive would help pay for:

* Intersection redesign and a parking garage in Oakley
* Blighted building acquisition and demolition in Westwood
* General streetscapes on major streets in Evanston, Walnut Hills and West Price Hill

All of the projects are within Tax Increment Financing (TIF) districts. Funds generated from each TIF district will service the bonds.

The ordinances authorizing the bonds are currently in the Finance Committee.