CINCINNATI, OH (FOX19) - Rock Ohio Caesars LLC (ROC), the owner and developer of urban casinos in downtown Cleveland and downtown Cincinnati, reports that the company has awarded 40.3 percent of construction contracts to certified minority- and women-owned businesses through June 2012.
The contracts total more than $97 million to companies with Minority Business Enterprise (MBE) or Women Business Enterprise (WBE) certifications.
Prior to the start of construction, ROC voluntarily established a 20 percent economic inclusion goal for construction contracts to MBE/WBE companies. Collaboration with the Ohio Legislative Black Caucus, Cleveland and Cincinnati elected officials, NAACP leadership, diversity consultants and construction management teams, coupled with ROC's strong focus, has allowed the casino developer to far surpass its goal.
In Cincinnati, where ROC is developing a 354,000 sq. ft. casino, total construction spend is estimated at $150 million. Through June, ROC has awarded contracts valued at $135.7 million, with 37.1 percent awarded to MBE and WBE certified companies. The casino is expected to open in spring 2013.
Through the 14-month project, construction contracts valued at $108.3 million were awarded for the 300,000 sq. ft.