project-update 5496

As 3CDC continues fundraising in an effort to close the $3.9 million funding gap for the Ziegler Park renovation, construction on the Park’s new underground garage is scheduled to begin this month. To date, the private fundraising effort has been buoyed by a generous $500,000 contribution from the Kantor/Knue/Mattis family and a $30,000 grant awarded through the Ohio Capital Impact Corporation’s Place-Based Strategies Fund. In addition, the project has received $10 million in funding from the City of Cincinnati, as well as New Markets Tax Credit allocation commitments from four organizations – the Cincinnati New Markets Fund (CNMF), Cincinnati Development Fund, The Community Builders, and Capital One.