{"id":1004090433,"date":"2014-01-27T21:11:21","date_gmt":"2014-01-28T05:11:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=234229"},"modified":"2022-12-04T07:39:14","modified_gmt":"2022-12-04T15:39:14","slug":"port-authority-receives-400000-grant-from-duke-energy-to-revitalize-cincinnati-neighborhoods","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/port-authority-receives-400000-grant-from-duke-energy-to-revitalize-cincinnati-neighborhoods\/","title":{"rendered":"Port Authority Receives $400,000 Grant from Duke Energy to Revitalize Cincinnati Neighborhoods"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Duke Energy, the largest electric power<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/01\/logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-234231\" title=\"10555 Furnace Road.jpg\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/01\/logo.jpg\" alt=\"\" width=\"300\" height=\"252\" \/><\/a> holding company\u00a0in the United States, recently awarded a $400,000 grant to the Port of Greater Cincinnati Development Authority to help redevelop the Bond Hill, Roselawn and Queensgate areas. The money will be used to create development-ready sites that will ultimately bring new investment from industrial and logistics companies, breathing new life into the Cincinnati neighborhoods.<\/p>\n<p style=\"text-align: justify\">On Jan. 14, Laura Brunner, president &amp; CEO of the Port Authority, received the check from Jim Henning, president of Duke Energy Ohio &amp; Kentucky. The ceremony was located in Cincinnati\u2019s Roselawn neighborhood, at TechSolve II, a Port Authority site currently undergoing redevelopment.<\/p>\n<p style=\"text-align: justify\">The Port Authority purchased the 13-acre site last year, after receiving funding from the city. It started the redevelopment by demolishing most of the vacant and blighted structures located on the different parcels that make up the site. Recently, the Port Authority received approval to expand TechSolve Business Park to the site, creating TechSolve II.<\/p>\n<p style=\"text-align: justify\">\u201cReturning sites to productive use is essential to revitalizing Greater Cincinnati\u2019s communities and building a stronger regional economy,\u201d Jim Henning said in a statement for the press. Mayor John Cranley also thinks improving neighborhoods is an important strategy to attract new businesses and residents to the area. He said the city of Cincinnati \u201dis committed\u201d to the TechSolve project, adding that \u201dwe will be successful here.\u201d<\/p>\n<p style=\"text-align: justify\">Another, larger site is also undergoing redevelopment near the TechSolve II park. The Port Authority recently finished the demolition of a 350,000-square-foot shopping center there. The entire project is expected to cost around $80 million and calls for a high-impact, urban-style commercial development of the 25-acre site.<\/p>\n<p style=\"text-align: justify\">In Queensgate, the Port Authority plans to develop a large industrial park through the modernization of real estate and transportation assets. Once an important manufacturing center, the area fell onto hard times in the 20th century. Now, it is plagued by contaminated sites, aged buildings and inefficient transportation. The Port Authority said the area\u2019s re-industrialization will require multiple stages of evaluation and execution.<\/p>\n<p style=\"text-align: justify\">\u201cWe are pleased that Duke Energy recognizes the redevelopment potential in Bond Hill, Roselawn and Queensgate. This investment will go a long way to unlocking that potential, creating jobs and bringing new energy to our neighborhoods,\u201d said Jeff McElravy, interim director for the city of Cincinnati\u2019s Department of Trade and Development. \u201cNow, with the help of Duke Energy and other community partners, we will begin to see a future of new productivity and value,\u201d Brunner added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Duke Energy, the largest electric power holding company in the United States, has recently awarded a $400,000 grant to the Port of Greater Cincinnati Development Authority, to help redevelop the Bond Hill, Roselawn and Queensgate areas. The money will be used to create development-ready sites that will ultimately bring new investment from industrial and logistics companies, as well as new life to the Cincinnati neighborhoods.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[39420,1815],"class_list":["post-1004090433","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest","tag-cincinnati","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Port Authority Receives $400,000 Grant from Duke Energy to Revitalize Cincinnati Neighborhoods - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/port-authority-receives-400000-grant-from-duke-energy-to-revitalize-cincinnati-neighborhoods\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Port Authority Receives $400,000 Grant from Duke Energy to Revitalize Cincinnati Neighborhoods\" \/>\n<meta property=\"og:description\" content=\"Duke Energy, the largest electric power holding company in the United States, has recently awarded a $400,000 grant to the Port of Greater Cincinnati Development Authority, to help redevelop the Bond Hill, Roselawn and Queensgate areas. The money will be used to create development-ready sites that will ultimately bring new investment from industrial and logistics companies, as well as new life to the Cincinnati neighborhoods.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/port-authority-receives-400000-grant-from-duke-energy-to-revitalize-cincinnati-neighborhoods\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-28T05:11:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T15:39:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/01\/logo.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/port-authority-receives-400000-grant-from-duke-energy-to-revitalize-cincinnati-neighborhoods\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/port-authority-receives-400000-grant-from-duke-energy-to-revitalize-cincinnati-neighborhoods\/\",\"name\":\"Port Authority Receives $400,000 Grant from Duke Energy to Revitalize Cincinnati Neighborhoods - 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