Thursday, October 17 2013
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Opposition to Streetcar Ignores Money Already Spent
Recent political rhetoric surrounding the dismantling of Cincinnati's Streetcar ignores the financial realities, according to CityBeat. Former Councilman John Cranley, who's opposition to the project has been a cornerstone of his mayoral campaign remains steadfast in his intention to halt progress already underway, despite more than $117 million dollars already spent or obligated to the effort.
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Chabot and Wenstrup Vote for Federal Government Debt Default
Cincinnati Republicans Steve Chabot and Brad Wenstrup both voted to allow the Federal Government to default on its debt Wednesday, which would have caused financial shockwaves throughout the economy. Both Congressmen bucked fellow Ohioan House Speaker John Boehner who voted to raise the debt limit. Thankfully level-headedness and common sense prevailed when President Obama and Congress ended the 16-day government shutdown by passing legislation to raise the country’s debt ceiling late Wednesday night.
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Cincinnati’s 21c Museum Hotel Named No. 1
21c Museum Hotel, the newest addition to the collection of downtown Cincinnati lodging has just been named the #1 hotel in the country by Condé Nast Traveler Readers’ Choice Awards. The hotel ranks within the top 100 worldwide and boasts a unique collection of contemporary art.
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Luxottica Plans $250 Million Retail Investment
Parent company of Lenscrafters and Mason-headquartered eye-wear manufacturer Luxottica plans to invest $250 million into its operations between now and 2016. While that money will be spread throughout its North American operations, the mayor of Mason is confident the move will bring positive financial impact to his community. The investment is part of a strategy by company executives to grow their business by billions over the next few years.
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Emery Theater’s Woes Continue in Court
The embattled legal battle to wrestle control of the Emery Building from the University of Cincinnati by The Requiem Project continues to play out in court. The Requiem Project filed an amendment to its lawsuit against UC arguing that the university has failed its obligation to keep the theater from falling into disrepair. The Requiem’s co-founders claim UC is prohibiting their ability to renovate the theater and turn it into 1,600-seat “acoustically pure” theater.
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