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Council puts on for passage $1.025M TIF funding to acquire 125 Calhoun St. in Clifton Heights
Summary
The committee advanced an ordinance to use $995,000 in TIF funds plus $30,000 for staffing (total $1,025,000) to acquire 125 Calhoun St. for mixed‑use redevelopment; DCD and Clifton Heights representatives said the retail tenant is likely month‑to‑month and relocation/CMC requirements would be followed.
The Budget & Finance Committee considered an ordinance to execute a funding agreement with the Clifton Heights Community Urban Redevelopment Corporation that would use TIF funds to acquire 125 Calhoun Street in the Clifton Heights business district.
Dr. Dutis told the committee the request would allocate $995,000 from a CUF‑equivalent TIF fund for acquisition and an additional $30,000 for staffing to support the purchase, for a total allocation of $1,025,000. The administration described the site as a planned mixed‑use retail and residential redevelopment that supports the neighborhood’s transit‑oriented, walkable character.
Council members praised Clifton Heights’ redevelopment progress. Council member Walsh highlighted recent tours and described the TIF as fulfilling its intended role: "We used the TIF in the first place to help get Clifton Heights up and running. Now 15 years later, we see that there's money back in there for us to take the next wave," he said.
Council member Albee asked about tenant‑relocation language in the property conditions. DCD staff explained that acquisitions must meet Cincinnati Municipal Code requirements and said the retail tenant appears to be operating on a month‑to‑month basis with little storefront activity; Matt Bourgeois of the Clifton Heights redevelopment corporation confirmed the storefront has been largely inactive and the redevelopment team expects to provide required notices upon acquisition.
Chair put item number 9 on for passage; the transcript records the committee advancing the item for passage on the agenda.
