County approves sale of 222 Central Parkway for workforce housing development
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Summary
The board authorized the Community Improvement Corporation to sell 222 Central Parkway to Alms and Depkey LLC for $12,130,000, with the developer planning a mix of roughly two-thirds workforce housing and the remainder market-rate units; sale is subject to a 60-day due diligence.
Hamilton County authorized the sale of 222 Central Parkway to Alms and Depkey LLC for $12,130,000, a transaction the administration said advances the county's policy priority on workforce and affordable housing.
Project and policy goals: Administration told the board the county intentionally prioritized workforce and affordable housing in disposition policy rather than accepting only highest-price bids. Staff said the planned development would be a mix of workforce and market-rate housing, with an approximate two-thirds share of units designated as workforce housing.
Terms and next steps: The sale is subject to a 60-day due-diligence period and was presented as revenue to help fund the county's central campus relocation project. Commissioners supported repurposing obsolete county properties for residential uses to meet community needs.
Votes: The motion to approve the sale passed on a roll call recorded in the meeting minutes.