$1 Billion Ovation Project to Break Ground in Metro Cincinnati in 2019
A mixed-use project planned for 35 acres in the city of Newport, across the Ohio River from Cincinnati, is ready to break ground after ten years of planning.
"Ovation, the long-planned $1 billion mixed-use development along the Ohio River in Newport, could get started in early 2019," reports Tom Demeropolis.
The project has been in the works for a decade. Corporex Cos. LLC received a five-year extension of the original tax increment finance district from Newport City Commission. "Under the original agreement, the 30-year TIF would have ended in 2042. Now it will expire in September 2047," according to Demeropolis.
The article includes more details of the overall master plan for the massive project, which hasn't changed much since its original conception in 2008.
Published on Tuesday, November 20, 2018 in
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