Port Authority, church can't come to agreement on Showcase site
Laura Brunner, CEO of the Port Authority, said the Port and Corinthian Baptist Church couldn't reach an agreement on the former Showcase Cinemas site.
The Port of Greater Cincinnati Development Authority and Corinthian Baptist Church ended negotiations on the former Showcase Cinemas site in Bond Hill.
Laura Brunner, CEO of the Port Authority, said the two sides couldn?t come to an agreement on the amount of land each group would own and the purchase price.
?We were too far apart on the price and the acres,? Brunner said.
The Business Courier reported on the Port and the church entering into a 90-day option on the 30-acre plot at Reading Road and the Norwood Lateral in March.
The Port wanted to buy 23 acres from the church, but the church was only willing to sell 20 acres, Brunner said.
Even though this deal fell through, she said there is interest in the site from other developers.
?It will be developed. There?s a lot of desirability to the site,? she said.
As for the Port, Brunner said it is moving on to other projects. But she wants to use this project as a model for others, working with nonprofits and community partners on development.
Demeropolis covers retail, real estate, Kroger and Macy?s
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