Port's Public Finance Practice issues over $400 million in financing in 2019
In 2019, The Port issued over $400,000,000 in financing to support over a dozen projects. Projects financed represent over $500,000,000 in total investment and will bring over 1,250 new housing units to the region.
25-Acre Industrial Site in Reading to be Repurposed
With the goal of bringing high-paying jobs to the City of Reading, The Port acquired a 25-acre former chemical plant in late 2019. Vacant since 2014, the site once employed 230 people with a payroll of over $4 million. The Port's development scope involves abatement, remediation, demolition, and site grading to prepare the site for new development.
“This transformative project is exactly what commissioners envisioned when they set budget priorities around economic development.”
County Administrator, Hamilton County, Ohio
The first ten of a planned thirty single-family homes are fully rehabbed and move-in ready through REACH Price Hill. The program complements additional homeownership initiatives in the neighborhood including Price Hill Will's Homesteading Program and the work of the Homesteading & Urban Redevelopment Corporation (HURC).
"Taking Ownership" is a series of monthly editorials in the Enquirer written by The Port President and CEO Laura Brunner that put forth strategies on how Cincinnati can be a place where everyone has a chance to participate in prosperity and The Port's role in this larger conversation. In the fourth installment, a look at how to get started in real estate in the new year.
The Port announced a number of promotions and new additions to the team at the start of 2020. Melissa Johnson was promoted to Executive Vice President, leading The Port's Industrial Revitalization strategy. Philip Denning joins The Port team as Executive Vice President, leading the Neighborhood Revitalization strategy and Public Finance practice. Additionally, Will Basil was promoted to Landbank Manager, Kelley Allesee was promoted to Real Estate Counsel, Taylor Gruenwald was promoted to Senior Commercial Development Associate, and Belinda Gilmore was promoted to Accounting Associate.
2710 Woodburn Avenue
Landbank-owned commercial building in the heart of the East Walnut Hills business district. Historic stabilization was completed in 2014 on this 1,800 SF structure. See the Listing Here
987 Burton Avenue
Historic circa 1904 single-family home in Avondale. This over 3,000 SF structure is available for redevelopment. See the Listing Here