Council approves Banks loan with no strings attached - Cincinnati News, FOX19-WXIX TV

Council approves Banks loan with no strings attached

CINCINNATI, OH (FOX19) - Cincinnati city council's finance committee approved an ordinance Monday that would give developers of the Banks project a $2.75 million loan with no strings attached.

Council originally approved a loan with a clause demanding to start Phase Two a full year ahead of schedule.

Officials with Atlanta-based Carter, the developer of the project, said the timeline was unrealistic.

On Monday, council agreed to loan the money without the clause.

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