Thursday, August 16, 2007

The Banks Going Bust?

Kevin Osborne from CityBeat has the latest on the Banks project and to no one's surprise, the developers want more money and more time to finish the project.

OK, I am ready to give up on it. I want the park to be built, but I don't see that there will be any benefit to building a new neighborhood from scratch. It will not be done for decades. Let's take that money and build up Downtown, Over-the-Rhine and the rest of the urban core that can be restored quickly. Buildings and entire blocks of OTR can be restored for far less money in a matter of a couple of years. Give the Money to 3CDC to bring more residents to existing neighborhood blocks. More residents bring more retail which brings more jobs. The people pushing for the Banks at this point are exurbanites who want a place to go spend a few hours before and after the Bengals/Reds games. It is not worth millions of public dollars to give non-county residents a twice a year place to drink beer.

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