Tuesday, December 16, 2008

Council ordinance would create account for Westwood demolitions

Cincinnati City Council is considering an ordinance that could result in the demolition of several Westwood buildings.

The ordinance would establish the "Westwood Building Acquisition and Demolition" capital improvement project account with $750,000 in surplus tax increment funds whose bonds were authorized in September 2007.

The funds would be used for building acquisition, tenant relocation, demolition and site grading to remove obsolete multi-family buildings along Harrison Avenue and Bracken Woods Lane.

Neighborhood groups believe that the newly-cleared land will spur reinvestment in the area.

The project would begin in January 2009.

Previous reading on BC:
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)