Tuesday, October 21 2014
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Music Hall Seeks $25 Million Ohio Tax Credit
Despite being pushed out of the November’s ballot for the Icon Tax, Music Hall is continuing to seek funds elsewhere to fund its rehabilitation plans. Music Hall is trying to capture $25 million from the Ohio Historic Tax Credit Program and is in competition with three other buildings in both Cleveland and Akron. The $25 million would help bridge the gap needed to raise the $123 million needed for the renovations.
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Parking Rate Increase Could Fund Streetcar Operation
The Mayor’s office is currently mulling a plan that would increase parking rates in OTR and allow the city to offer residents parking permits for $300/year or $25/month. Any revenue generated would go to fund the operation of the streetcar which has been estimated around $4MM per year.
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McConnell and Grimes Neck and Neck in Senate Race
Republican Senator Mitch McConnell is in a dead heat with Democratic challenger Alison Grimes as voting day approaches. A new poll shows McConnell slightly ahead of Grimes by 44-43 among likely voters. The 72-year-old McConnell was elected to the U.S. Senate in 1984 and is currently the most powerful Republican in the senate as the Senate Minority Leader.
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Barcade Concept Coming to OTR Next Year
In the first quarter of 2015, a new bar experience will be coming to Mercer Commons in OTR in the form a 16-bit arcade. The concept has already proven extremely popular with thriving locations in both Columbus and Cleveland. Patrons can expect adult beverages steeped in 80’s nostalgia. While you sip your cocktail, you can enjoy one of many old-timey arcade games, sure to whisk you back to your childhood.
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COAST Opposes Brent Spence Tolls
In its latest transportation fight COAST is trying to stop the use of tolls to pay for the $2.6 billion Brent Spence bridge. The use of tolls was proposed to fast-track the development of the bridge, which has been stalled in the planning phases for 13 years. The 51-year-old bridge is part of the nation’s busiest freight corridor on I75.
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