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Controversy Over Stalled Cincinnati Renovation Project
presohio
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4-15-2008 3:00 PM
320 views
tags:
preservation
,
renovation
,
downtown
,
cincinnati
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c10de4e1-9bc7-45d3-a85f-28d9d9b5cd89/D6C58F84-DEBC-472D-AB4B-D6C6F9C4BB8F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://citybeat.com/gyrobase/Content?oid=oid%3A144469" href="http://citybeat.com/gyrobase/Content?oid=oid%3A144469" style="font-size: 11px;">citybeat.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://citybeat.com/gyrobase/Content?oid=oid%3A144469"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/citybeat.com/img/9CF7143A-E586-487F-8E24-658FE54195E9" alt="Cincinnati‘s city manager wants this Fourth Street building to be sold to the highest bidder." /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://citybeat.com/gyrobase/Content?oid=oid%3A144469"> Some Cincinnati City Council members want to sell a piece of city-owned property downtown at what critics allege is a sharply discounted price. If the sale is approved, it could give the proposed buyer potentially hundreds of thousands of dollars in profit that otherwise would go to the city, the critics say.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://citybeat.com/gyrobase/Content?oid=oid%3A144469"> Councilman Jeff Berding proposed selling the vacant building at 33 W. Fourth St. for $250,000 to MMF Realty, the company that currently has a long-term lease to redevelop the site. A recent city appraisal, however, pegs the property's value at $780,000, and city administrators want to sell the building on the open market to the highest bidder.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://citybeat.com/gyrobase/Content?oid=oid%3A144469"> MMF Realty was given a lease in August 2004 and was supposed to create offices and shops there. Under the lease, city officials reserved the right to rescind the agreement if no development occurred after a specific period of time.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D6C58F84-DEBC-472D-AB4B-D6C6F9C4BB8F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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