Wednesday, December 24, 2008

Council approves Westwood demolition account

Cincinnati City Council has approved unanimously an ordinance to create a capital improvement program project account that will allow for the demolition of outdated multi-family buildings in Westwood.

Seven hundred fifty thousand dollars ($750,000) in surplus tax increment financing (TIF) funds will be used for building acquisition, tenant relocation, demolition and site grading in the areas around Harrison Avenue and Bracken Woods Lane.

Work will begin next month.

Westwood groups are hoping that the demolitions will eliminate crime and blight and make the area more attractive for reinvestment.

Previous reading on BC:
Council ordinance would create account for Westwood demolitions (12/16/08)
Cincinnati rolls out three 'new' streetscape TIF projects (4/4/08)
Finance committee discusses changes on streetscape TIFs (12/6/07)
City taking action on streetscape TIFs (11/1/07)