DUKE ENERGY CONVENTION CENTER

The City of Cincinnati and Hamilton County approved the Development Agreement for the reimagined Duke Energy Convention Center and pledged their respective transient occupancy tax (TOT) funds to the proposed bond finance structure. 3CDC has submitted the permit to demo the current structure and, together with the project design team, are engaging with various stakeholders like Visit Cincy, Cincinnati Chamber, and the Hotel Association to gather input on the design of the Elm Street Plaza. Project partners will continue to work collaboratively to prepare for construction on the DECC to begin on July 1. 3CDC will begin sending out regular construction updates on the Convention District, with the first installment schedule to be sent out later today. Stay in the know with everything happening in the Convention Center District by subscribing to receive regular construction updates.

CONVENTION HEADQUARTERS HOTEL

The State of Ohio’s Department of Development has officially awarded the new convention headquarters hotel a $40 million Transformational Mixed-Use Development (TMUD) Tax Credit. This is a critical piece of funding for the project, without which construction of the new hotel would likely not be possible. The tax credit will generate approximately $35 million in equity to the project, which had a $160 million financing gap. Separately, the Ohio House of Representatives passed a spending bill that includes $22 million dollars from the One-Time Strategic Community Investment Fund for the hotel. As project financing is being finalized, 3CDC and Portman Holdings are working on a term sheet to formalize commitments and responsibilities for advancing the project through construction. 3CDC will begin sending out regular construction updates on the Convention District, with the first installment schedule to be sent out later today. Stay in the know with everything happening in the Convention Center District by subscribing to receive regular construction updates.

FINDLAY COMMUNITY CENTER

Design development drawings for the Findlay Community Center are complete, while design drawings for Grant Park are nearing completion. In the coming weeks, the development team will be working with contractors to review construction estimates for these drawings. To receive project updates, please email FindlayRec@3CDC.org.

THE ANNIE

At The Annie, the first 17 apartment units at 218 W 12th Street are complete and awaiting a final certificate of occupancy. At 216 W 12th Street, the installation of wood flooring in the remaining 12 units was recently completed. The installation of cabinets, countertops, and finish carpentry is now underway. Completion of the remaining 12 units is on track for this Spring.