City of Cincinnati, Music Hall announce lease agreement on Wed. - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

City, Music Hall reach 75-year lease agreement

CINCINNATI, OH (FOX19) -

The City of Cincinnati and the Music Hall Revitalization Company (MHRC) held a news conference on Wednesday to discuss the Music Hall revitalization project.

Cincinnati Mayor Mark Mallory and MHRC President and Chairman Otto M. Budig Jr. announced a lease that will preserve and modernize Music Hall. The lease is for 75 years and includes the City's already-approved $10 million commitment to the project.

"I always said that we would get a deal done to preserve and update Music Hall.  It is simply too important to our cultural heritage," Mayor Mark Mallory said.  "The renovation will transform Music Hall by merging the old world and the new.  The audience will enjoy all of the modern comforts and technology, while retaining the grandeur of experiencing a performance in this historic architectural landmark.  I want to thank and congratulate Otto Budig and the Music Hall Revitalization Company for their dedication to this great institution." 

Lease agreement discussions have been in the works for months.

"While there has been some inference that we were not moving quickly enough you have to understand that creating an agreement of this complex must be fair not only to MHRC but also to the City of Cincinnati," Budig said.

As to next steps, Budig said MHRC has been reviewing the overall financing strategy and re-evaluating the project's primary goals based on community feedback with the cultural institutions that call Music Hall home.  The result is an evolving plan with a reduced scope that remains focused on the audience experience while addressing the building's pressing needs. 

The project has been scaled back from an earlier projection of $165 million down to $95 million due to the "fiscal reality" the project is facing.

"Rest assured our project remains momentous," Budig said. "Our project certainly contains the wow factor."

He said MHRC intends to announce more detailed plans in the first quarter of 2013, though a more comfortable seating arrangement, greatly enhanced accessibility and expanded restroom capacity are sure to be included.  Structural issues will be addressed as well.

"I'm also happy to report that we will be installing new escalators that will be better positioned to improve safety," said Budig.

Budig said no timetable had yet been established.  Once construction does begin, Budig says it will last 17 months.

"The worst thing we could do is to start this project without the financial resources and the pledges available to make it happen and we are not going to do that," he said.

Music Hall is the home of  the Cincinnati Symphony and Pops Orchestra, Cincinnati Opera, Cincinnati Ballet and May Festival.

MHRC was formed to oversee a revitalization of Music Hall that improves the patron experience, addresses structural needs and ensures the continued sustainability of the arts organizations that call the building home.

Copyright 2012 WXIX. All rights reserved.

  • FOX19 HeadlinesMore>>

  • Immigrant kids seen held in fenced cages at border facility

    Immigrant kids seen held in fenced cages at border facility

    Monday, June 18 2018 9:00 AM EDT2018-06-18 13:00:17 GMT
    Monday, June 18 2018 5:25 PM EDT2018-06-18 21:25:20 GMT
    (U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...(U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...
    Hundreds of unaccompanied child immigrants arrested at the U.S. border are being held in metal cages at a family detention facility in McAllen, Texas.Full Story >
    Hundreds of unaccompanied child immigrants arrested at the U.S. border are being held in metal cages at a family detention facility in McAllen, Texas.Full Story >
  • Trump digs in on immigration as national outrage rises

    Trump digs in on immigration as national outrage rises

    Monday, June 18 2018 4:20 AM EDT2018-06-18 08:20:01 GMT
    Monday, June 18 2018 5:23 PM EDT2018-06-18 21:23:57 GMT
    (Butch Comegys/The Times-Tribune via AP). U.S. Attorney General Jeff Sessions speaks on immigration policy and law enforcement actions at Lackawanna College in downtown Scranton, Pa., on Friday, June 15, 2018.(Butch Comegys/The Times-Tribune via AP). U.S. Attorney General Jeff Sessions speaks on immigration policy and law enforcement actions at Lackawanna College in downtown Scranton, Pa., on Friday, June 15, 2018.

    Nearly 2,000 children were separated from their families over a six-week period in April and May after Attorney General Jeff Sessions announced a new "zero-tolerance" policy that refers all cases of illegal entry for criminal prosecution.

    Full Story >

    Nearly 2,000 children were separated from their families over a six-week period in April and May after Attorney General Jeff Sessions announced a new "zero-tolerance" policy that refers all cases of illegal entry for criminal prosecution.

    Full Story >
  • Supreme Court leaves door open to curbing partisan districts

    Supreme Court leaves door open to curbing partisan districts

    Monday, June 18 2018 10:40 AM EDT2018-06-18 14:40:07 GMT
    Monday, June 18 2018 5:23 PM EDT2018-06-18 21:23:38 GMT
    The Supreme Court is resolving partisan redistricting cases from Wisconsin and Maryland without ruling on the broader issue of whether electoral maps can give an unfair advantage to a political party. (Source: CNN)The Supreme Court is resolving partisan redistricting cases from Wisconsin and Maryland without ruling on the broader issue of whether electoral maps can give an unfair advantage to a political party. (Source: CNN)

    The Supreme Court is resolving partisan redistricting cases from Wisconsin and Maryland without ruling on the broader issue of whether electoral maps can give an unfair advantage to a political party.

    Full Story >

    The Supreme Court is resolving partisan redistricting cases from Wisconsin and Maryland without ruling on the broader issue of whether electoral maps can give an unfair advantage to a political party.

    Full Story >
Powered by Frankly