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Banks Project Delayed. Again.

June 30, 2006 02:29 PM

Oh sweet Jesus.  Yet another delay in the Banks development project.  The Banks working group has decided it needs more information from the developers, and has asked them to conduct further studies.  And,

As a result, the search process will take six to nine months longer and cost each development group up to $1 million to develop preliminary draft agreements and business plans.

Great.  If this project is completed in the next decade, it will be a miracle.

[Not that you all care, but for our non-Cincinnati readers: The Banks development is a massive project that is supposed to go in between the two stadiums in downtown Cincinnati, along the banks of the Ohio River.  It's supposed to be a mixed use residential and entertainment district, and is considered vital for the economic development of downtown.  It has been the subject of political wrangling for years.  At present, a huge empty mudhole sits in a prime location downtown, waiting for decisions to be made].

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