Duke Energy awards Port Authority $400,000 for community revitalization
Duke Energy Ohio & Kentucky President Jim Henning presented Port Authority president and CEO Laura Brunner with the check for redevelopment in Bond Hill/Roselawn and Queensgate /South Mill Creek.
The $400,000 grant from Duke Energy is for work to create development-ready sites that ultimately will attract new investment from industrial and logistics companies. The ceremony took place at TechSolve II – a Port Authority site in Cincinnati’s Roselawn neighborhood that is undergoing dramatic transformation.
“Returning sites to productive use is essential to revitalizing Greater Cincinnati’s communities and building a stronger regional economy,” said Henning, president of Duke Energy Ohio & Kentucky. “Duke Energy is proud to work with organizations like the Port Authority that partner with communities to create lasting change.”
“Duke Energy has stepped up in a big way by contributing resources and support for our work on large redevelopment projects,” Brunner said. “We sincerely appreciate this vote of confidence. The grant will further the work to help this site and others contribute significantly to our regional economy.”
Cincinnati Mayor John Cranley said improving neighborhoods is an important strategy to attracting new businesses and residents and credited several elected and neighborhood leaders for early vision and effort to establish TechSolve. “The City is committed to this project – we will be successful here.”
The Duke Energy grant will also be deployed in the city’s Queensgate/South Mill Creek region, where the Port Authority plans to lead the modernization of real estate and transportation assets, creating a large industrial park and logistics park. The Queensgate area was historically the region’s industrial stronghold. The area is now limited by inefficient transportation, fragmented parcels, aged buildings and contaminated sites, and its re-industrialization will require multiple stages of evaluation and execution.
The Port Authority has a multi-year agreement with the City that allows the Port Authority to lead targeted redevelopment efforts in GO Cincinnati areas that include Seymour/Reading Corridor and Queensgate/Camp Washington.