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After months of impasse, it appears that the city and the group hoping to revitalize Music Hall have struck an agreement.The mayor and the Music Hall Revitalization Co. will announce the terms of a lease agreement on Wednesday morning in a news conference at Music Hall. The Music Hall lease likely will be on the agenda for the final council meeting of the year tomorrow before council breaks for Christmas....Even if a deal is announced, many questions linger about the project. There is belief in the arts community that there may not be enough money to carry out the ambitious design plans proposed for the hall. Initially, the group said it would spend $50 million in infrastructure improvements, and another $110 million to update, revitalize and remodel the hall, a National Historic Landmark. Now, some say, those plans have been greatly scaled back.In addition, there is no known start date for construction to begin. In August, Otto M. Budig, Jr., the local businessman who heads the revitalization group, hinted that the project start would be delayed for a third time as talks continued behind closed doors, throwing season planning for Music Hall’s resident companies – Cincinnati Opera, the Cincinnati Symphony Orchestra and the Cincinnati May Festival – into uncertainty.Construction was previously announced to begin in May 2014, with the hall’s resident arts groups returning to the refurbished venue during the fall of 2015.
What will it cost to fix our icons?Cincinnati's iconic Union Terminal and Music Hall need a combined $331 million to transform them from crumbling buildings to state-of-the-art cultural showcases.That's the conclusion of business leaders who have spent seven months studying the historic buildings and coming up with a plan to save them.Their plan goes to Hamilton County commissioners Monday, but The Enquirer got an exclusive first look at the details.The bottom line: About two-thirds of the renovation costs – more than $225 million – would come through a higher sales tax or property tax. The rest would come from $40 million in private donations and another $66 million from local, state and federal tax credits and grants.Cont
Take online comments with a grain of salt. Have they applied for state historic tax credits?