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Thread: Cincinnati Banks: Its Official

  1. #1
    Porkchop Sandwiches DoogMinAmo's Avatar
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    Cincinnati Banks: Its Official

    http://news.enquirer.com/apps/pbcs.d...IZ01/302290098

    Banks to start April 2
    BY KEITH T. REED | KREED@ENQUIRER.COM

    The developers of The Banks will announce this afternoon that they have secured all $74 million needed to finance the first phase of construction, clearing the way for an April 2 groundbreaking on the project.

    "This is great news. It means The Banks project will definitely advance," said Cincinnati Mayor Mark Mallory. "I'm excited that Carter/Dawson (the developers) will be doing the project and I'm looking forward to a great development.''

    The financing comes on the last day of a month-long extension of a deadline for the developers, Carter & Associates Commercial Services LLC and the Harold A. Dawson Co., and could signal the end of a decade-long wait for activity at the barren riverfront site between Great American Ball Park and Paul Brown Stadium.

    It also means Carter and Dawson made good on their promise to weather a tough economy marked by difficult borrowing requirements for developers, to complete the deal. The developers’ agreement with the city and Hamilton County called for them to have commitments for all the money needed to build phase 1A of the project, to include 300 apartments and 70,000 square feet of retail atop a garage at the corner of Second and Main streets, by the end of January.

    That deadline passed with Carter and Dawson still between $12 million and $14 million short. The city and county agreed to give them an extension. Today’s announcement should also include details on the sources of funding, which have not yet been disclosed.

    If the April construction date holds, the vacant land at that spot will begin a long transformation into a mini-neighborhood along the Ohio River, featuring apartments, parking, retail and office space.
    "I'm a Cucumber, I'm a cucumber. I'm a cucumber, I'm a cucumber. I'm a cucumber, I'm a cucumber. Please don't send me to the pickle farm, bum." - Brak

    Record In Games Attended, 2007: 2-1 (1-0 GAB, 1-1 Jake)

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    Re: Cincinnati Banks: Its Official

    I cant wait for the next hold up!

  4. #3
    Plays The Right Way Hap's Avatar
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    Re: Cincinnati Banks: Its Official

    What are they going to do with all the crackheads, bums and hookers?
    .

  5. #4
    I hate the Cubs LoganBuck's Avatar
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    Re: Cincinnati Banks: Its Official

    Quote Originally Posted by Hap View Post
    What are they going to do with all the crackheads, bums and hookers?
    Open a museum in the honor, or convert the Freedom Center to transient housing.
    The Sox traded Bullfrog the only player they've got for Shottenhoffen. Four-eyes Shottenhoffen a utility infielder. They've got a whole team of utility infielders.

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    Re: Cincinnati Banks: Its Official

    Ill take the hookers

  7. #6
    The Future GoReds33's Avatar
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    Re: Cincinnati Banks: Its Official

    I can't wait until they get some good restraunts down there, so I have something to do after the game.
    If you can't build a winning team with that core a fire-sale isn't the solution. Selling the franchise, moving them to Nashville and converting GABP into a used car lot is.
    -LTlabner

  8. #7
    Be the ball Roy Tucker's Avatar
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    Re: Cincinnati Banks: Its Official

    Very glad to see this is moving forward.

    According to this web site, Phase 1A will begin with blocks 4 and 8/11B.

    http://www.building-cincinnati.com/2...-by-block.html

    Pay attention to the open sky

  9. #8
    2009: Fail Ltlabner's Avatar
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    Re: Cincinnati Banks: Its Official

    Will the trolley system have a stop there?

    Glad to hear some progress is being made.
    a super volcano of ridonkulous suckitude.

    I simply don't have access to a "cares about RBI" place in my psyche. There is a "mildly curious about OBI%" alcove just before the acid filled lake guarded by robot snipers with lasers which leads to the "cares about RBI" antechamber though. - Nate

  10. #9
    First Time Caller SunDeck's Avatar
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    Re: Cincinnati Banks: Its Official

    Great, now where will the circus go?
    Next Reds manager, second shooter. --Confirmed on Redszone.

  11. #10
    Rally Onion! Chip R's Avatar
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    Re: Cincinnati Banks: Its Official

    Quote Originally Posted by GoReds33 View Post
    I can't wait until they get some good restraunts down there, so I have something to do after the game.

    You should live so long.
    The Rally Onion wants 150 fans before Opening Day.

    http://www.facebook.com/pages/Rally-...24872650873160

  12. #11
    Resident optimist OldRightHander's Avatar
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    Re: Cincinnati Banks: Its Official

    Quote Originally Posted by Bip Roberts View Post
    I cant wait for the next hold up!
    I get held up every time I buy diesel.

  13. #12
    The Lineups stink. KronoRed's Avatar
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    Re: Cincinnati Banks: Its Official

    Quote Originally Posted by Ltlabner View Post
    Will the trolley system have a stop there?
    It's a STREETCAR

    not a TROLLEY!


    Sorry
    Go Gators!

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    Member Jharb74's Avatar
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    Re: Cincinnati Banks: Its Official

    Maybe they can finally get the subway working, that they started building, way back when.

  15. #14
    SERP Emeritus paintmered's Avatar
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    Re: Cincinnati Banks: Its Official

    Quote Originally Posted by Ltlabner View Post
    Will the trolley system have a stop there?

    Glad to hear some progress is being made.
    1. It is not a trolley. It is a streetcar. A trolley runs on rubber tires, streetcars use rails. Only the latter historically stimulates economical development. (Krono already beat me to this point)

    2. Yes, the streetcar will stop at The Banks right next to GABP.
    What if this wasn't a rhetorical question?

    All models are wrong. Some of them are useful.

  16. #15
    2009: Fail Ltlabner's Avatar
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    Re: Cincinnati Banks: Its Official

    Quote Originally Posted by paintmered View Post
    1. It is not a trolley. It is a streetcar. A trolley runs on rubber tires, streetcars use rails. Only the latter historically stimulates economical development. (Krono already beat me to this point)
    We'lllllll exxxcccccccuuuuuuuuusssssseeeeeeeeeeee meeeeee....

    a super volcano of ridonkulous suckitude.

    I simply don't have access to a "cares about RBI" place in my psyche. There is a "mildly curious about OBI%" alcove just before the acid filled lake guarded by robot snipers with lasers which leads to the "cares about RBI" antechamber though. - Nate


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