Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
33°F
Flurries
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Wednesday, July 31, 2002

WCPO offered $7.5M to move




By Ken Alltucker, kalltucker@enquirer.com
The Cincinnati Enquirer

        The city of Cincinnati has offered $7.5 million to buy WCPO-TV Channel 9's downtown property and move the television station to another site within the city.

        The city wants the lot at Fifth Street and Central Avenue to push ahead with a $200 million expansion of the Albert B. Sabin Cincinnati Convention Center.

        WCPO-TV general manager Bill Fee said he has “a lot of questions” that likely won't be answered before the city's deadline of Aug. 9.

        Channel 9 plans to request a meeting with key city officials to hash out details, such as the financing and timing, Mr. Fee said.

        “One of the things we have to do is look at similar acquisitions that have taken place in the city,” Mr. Fee said.

        The city offered $5.5 million to buy the 1.8-acre site., The Hamilton County Auditor's Office has assessed the property at $7.9 million.

        The offer includes another $2 million to offset Channel 9's relocation costs. But the money will be available only if the news station finds another site within city limits and relocates within 18 months after the signing of a purchase contract.

        The offer also includes several contingencies, including:

        Completion of a financing package for the convention center expansion from a countywide hotel tax increase, $16 million from area corporations and an undetermined sum from Delta Air Lines for naming rights.

        An agreement between the city and Hamilton County on the scope of the project and agreement on how to operate the city-owned center.

        Removal or proper handling of an underground fuel storage tank on the site.

        The city doesn't intend to seize the property through eminent domain and will withdraw the offer if negotiations are unsuccessful, Deputy City Manager Timothy Riordan said.

        Channel 9 seeks a new station that is twice as large as its 35,000-square-foot facility. It also wants a site at or near downtown with easy access to interstates for its news trucks.

        In addition to the WCPO site, the city must acquire a sliver of land along Interstate 75 that is controlled by the Ohio Department of Transportation.

        Planning for the long-anticipated expansion picked up steam after the General Assembly passed a bill that would allow Hamilton County and Cincinnati to increase hotel taxes to pay for expansion of the convention center.

        A task force of business leaders and tourism officials appointed by Cincinnati Mayor Charlie Luken rejected earlier plans to build the convention center over Interstate 75 or expand east past the Millennium Hotel.

       



Builder sued for debts of company
- WCPO offered $7.5M to move
Cincinnati Machine aids jet builders
Heat demands push Cinergy to record peaks
Chiquita starts full rehab
Industry notes: Banking 5/3 boosts stock service on P&G deal
Consumers show nervousness
Vanguard Airlines suspends operation
Business Digest
Tristate Summary
Morning Memo
PEALE: What's the Buzz?

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.