Catching Up On The Banks
Anyone interested in an insider’s view about the status of The Banks project, Cincinnati’s proposed downtown development along the Ohio River, should tune into WVXU (91.7 FM) on Monday.
News Director Maryanne Zeleznik will interview three members of The Banks Working Group, the advisory panel created by Cincinnati and Hamilton County officials to quicken the pace of the long-delayed project. Panel members participating are Bob Castellini, Cincinnati Reds co-owner; local attorney Tom Gabelman; and Tim Riordan, a former city administrator and consultant.
Proposed in 1999, The Banks is envisioned as a mix of condominiums, offices and shops between the Reds and Bengals stadiums. The project has stalled over funding and jurisdictional issues, particularly who will pay for $68 million in parking garages needed to lift the development area above the flood plain. County sales tax revenues were supposed to pay for the garages but are far below initial projections.
About $200 million in taxpayer money is expected to be included in any financing plan for The Banks, which has an estimated price tag of more than $800 million.
Unlike many of her counterparts in commercial TV and radio, Zeleznik is known for providing context on local issues and asking in-depth questions. Her news special will air Monday at 9:20 a.m. and 7:20 p.m. on WVXU, and via a live streaming audio feed on www.wvxu.org.
— Kevin Osborne