MEMI receives final approval for music venue at the Banks

After months of negotiations between Cincinnati City Council and the Board of Hamilton County Commissioners, the $27 million music venue set to go at the Banks has received all of the approvals needed from Cincinnati City Council to make the project a reality.

"Council action, coupled with the County’s recent breakthrough agreements with the Bengals and Hilltop, clear the path not only for the development of the Music Venue and Smale Park but also over $400 million of future development on the remaining surface lots within the Banks," said Attorney Tom Gabelman, who put the music venue plan together and represents the Board of County Commissioners. "The County looks forward to working collaboratively with the city and the many other vested community members to complete the final phases of the Banks in the near term."

City Council unanimously approved on Wednesday changes to the Banks’ concept plan and a development agreement that will allow for a music venue to be built on the mixed-use riverfront development. On Nov. 14, it approved an ordinance making major changes to the cooperative agreement with Hamilton County dividing up the remaining parcels between the city and county.

“We think it’s going to add tremendous vibrancy – year-round vibrancy,” said Tracy Schwegmann, the Banks leasing agent for Jeffrey R. Anderson Real Estate.

Posted on Nov 20, 2019

  All News