Tax exemption for Skyline expansion?

The City is considering a tax exemption that would allow Skyline Chili to build a larger restaurant in Walnut Hills.

KMS Realty would receive a Community Reinvestment Area Tax Exemption (CRA), estimated at $172,860, for a new restaurant at 1216 E McMillan Street. The tax exemption would last for fifteen years.

In Ohio, the CRA program was created in 1977 and is typically used to encourage development in under-invested areas.

KMS Realty plans to demolish the Cinelect building that currently occupies the site and to build a 3,600-square-foot restaurant with 140 seats, 60 parking spaces and a drive-thru. The estimated cost for the project is $1.3 million.

The larger restaurant would create 16 new jobs, four of which would be full-time.

Construction of the new restaurant would be completed by May 2008.

The current Skyline restaurant at 1202 E McMillan Street has been tentatively leased to Taco Casa, pending the outcome of this legislation.

In January, City Council approved a rezoning of several properties at the corner to CC-M Commercial-Community Mixed. The developers were granted a variance for the drive-thru, which is not allowed under that zoning.

KMS Realty's concept plan for the site included a strip center, though no final development plan has been released.

The tax ordinance is currently in Finance Committee.


Cinelect building, 1216 E McMillan Avenue

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