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If implemented, the new tax rate will go into effect at the start of November. Currently, the tax applies to all facilities with at least five guest rooms, including Airbnbs.
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The Duke Energy Convention Center will undergo a $200 million renovation and expansion starting next year. But producers of some of the center's popular consumer shows are raising questions about the project.
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A planned $470 million convention hotel has a financing gap of about $178 million that the developer wants Hamilton County and the city of Cincinnati to help fill. But officials say that doesn't mean cutting a check from the county or city general fund.
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Cincinnati and Hamilton County officials are kicking in annual funds to help 3CDC purchase the parking garage.
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Local officials are closer to building a new convention hotel in Cincinnati, but funding for the project is still a bit uncertain.
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Cincinnati will spend $3 million to purchase the now-empty location of the former Saks Fifth Avenue Downtown. The department store permanently closed at the end of last year.
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The Hamilton County Convention Facilities Authority on Friday heard about four developers with proposals for a new convention hotel, plus a $200 million idea to renovate the convention center itself.
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Plus, four developers have ideas for building a $500-million convention hotel to replace the Millennium.
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3CDC this week unveiled initial plans for a convention center district in Cincinnati. The plans include redesigning the Duke Energy Convention Center and building a new 800-room hotel to replace the now-demolished Millennium.
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3CDC President Steve Leeper told Hamilton County commissioners he hopes to select a developer by the end of the year with construction starting by the first half of 2023.