Thursday, October 2, 2008

OTR businesses to lease new parking lot

Cincinnati City Council has approved unanimously an ordinance approving the lease of a City parking lot to the Central Vine Street Business Association (CVBSA).

Currently under construction at the vacant Empire Theater site at 1521 Vine Street in Over-the-Rhine, the parking lot is rapidly nearing completion.

Under the terms of the lease, CVSBA will operate and maintain the 18-space lot, paying $1 per year for a period of three years.

The City has the option to renew the lease for two additional three-year terms.

The Crossroad Health Center already has committed to renting from CVSBA half of the spaces for employees of the center.

Previous reading on BC:
Cincinnati wants to lease new Vine Street lot (7/30/08)