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County hears updated Banks concept calling for mixed-use development and public investment to bridge feasibility gap
Summary
Perkins and Will and HR&A presented a preferred concept to redevelop five county-owned lots at the Banks with a majority residential program, up to ~1,200 multifamily units and a proposed high-rise node (Lot 24 ~24 stories); presenters estimated $750–800 million in development costs for the parcels and said public infrastructure investment would be needed to make the project feasible.
Perkins and Will, working with HR&A and MKSK, presented an updated concept plan to the Hamilton County Board of County Commissioners on Nov. 18 for the Banks riverfront district, focusing on five remaining county-owned lots west of Vine Street.
Phil Beck, the Banks project executive, described a year-long steering committee process that included city, county and venue partners. Andrew Broderick of Perkins and Will said the team is sharing “a preferred concept” that is not a final plan and…
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