Political Deal Clears the Way for Waterfront Development in Cincinnati
"A new deal to develop Cincinnati's riverfront is in the works, paving the way for future development on land closest to the Bengals Stadium, " report Sharon Coolidge and Scott Wartman.
Cincinnati City Councilman Greg Landsman is the source for the news about the controversial development of The Banks, which comprises two parking lots near Bengals Stadium. The project had been caught up in disagreements involving Cincinnati Mayor John Cranley. At the beginning of October, it looked like the project had stalled indefinitely in the City Council.
"The deal would address Cranley's concerns about parking the county guaranteed the Bengals. It would allow a proposed Banks music venue to go forward," according to the article.
"Cranley had accused the county of brokering a bad deal for taxpayers by promising the Bengals 3,200 surface parking spots for tailgating, which could have prevented development. County officials, for their part, said they brokered a deal good for taxpayers because it delayed expensive upgrades to the stadium and allowed for a music venue to be development at The Banks."
WCPO also reports more details of the deal between Mayor Cranley and Hamilton County Commissioner Todd Portune.