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Mayor: Former chemical site to receive over $215 million in private investment, about 300 jobs
Summary
Mayor Robert “Bo” Bemmes told council that redevelopment of a former chemical facility will bring more than $215 million in private investment from Givaudan and is expected to create over 300 jobs for Reading.
Mayor Robert “Bo” Bemmes used his administrative report to highlight a proposed major private investment tied to redevelopment of a former chemical facility in Reading. "Thanks to the Port this property is now going to receive over $215 million dollars in new investment from an incredible company (Givaudan) that will bring over 300 new jobs to our City," Bemmes told council, adding the project will generate substantial new revenue for the city and its schools.
The mayor also noted the Port of Greater Cincinnati Development Authority produced a video documenting cleanup and redevelopment efforts. Council did not take formal action on the redevelopment at this meeting; the mayor’s announcement was presented as an update during the administrative report. The report also listed related community items including upcoming Fire/EMS events and public training opportunities.
