CINCINNATI, OH (FOX19) - Two Hamilton County Commissioners have approved a resolution that will restore the property tax rollback to the amount that was agreed upon 15 years ago to build the two stadiums.
The county will sell Drake Hospital in Hartwell to UC Health for $15 million, which will cover the stadium shortfall through next year. The county then plans on using $8 million in casino revenues and another $1 million in parking garage subsidies to cover most of the shortfall.
The agreement will save the owner of a $100,000 home $47 a year in taxes.
Chris Monzel and Todd Portune will vote yes on the resolution during Wednesday's meeting of the Hamilton County Board of Commissioners.