Thursday, December 27, 2012
Since 2006, the City has been working with Madisonville to redevelop the high-profile corner at Madison Road and Whetsel Avenue, and many blighted buildings were razed to make way for new buildings that would surround a new public square.
To provide further assistance, Council approved the creation of a Community Entertainment District along Madison Road and parts of Whetsel Avenue.
Community Entertainment Districts, established by Ohio law in 2005 as a way to aid the state's struggling main streets, make additional liquor licenses available to prospective restauranteurs within the designated area. Liquor licenses can be obtained from the state for about $1,500, eliminating wait times of four years or more and saving them from brokerage rates of between $25,000 and $30,000.
"This investment will spur revitalization and build on the work of the community over the last several years to create a vibrant, walkable business district with local-serving businesses and great civic space," Vice Mayor Roxanne Qualls said in a prepared release.
Previous reading on BC:
Three development control districts extended nine months (9/24/12)
Extensions of Pleasant Ridge, Madisonville, Wasson overlays get preliminary approval (8/20/12)
Three overlays to control development for 90 days (6/25/12)
OTR to become City's fifth Community Entertainment District (4/25/12)
Catalytic 'Madison Square' gets $200K in TIF funding (4/23/12)
Posted by Kevin LeMaster at 2:00 PM