parking deal is still has a few more hoops to jump through before it becomes
City Manager signed the parking lease Wednesday after winning an appeal in
court, but there are empty lines on the contract where the Port of Greater Cincinnati
Development Authority has yet to ink the deal.
While the bonds are being
prepared for sale both the city and the Port Authority are working to iron out
the contract. If the port wants changes they will have to amend the 130 page
Council member P.G.
Sittenfeld says he attempted to put a stop to the deal in council Wednesday but
did not have enough support to get the votes needed.
"The clock is seriously
ticking," P.G. Sittenfeld told FOX19. "We could have overturned this deal
today. A majority of council chose not to go forward with that. It's a big
mistake. We're going to live with this for the next 30 years. "
Once the Port Authority signs
and there is certainty with the bonds, it will then be up to council to decide
how to spend the money.
"Once this is a done, done
deal and folks like myself say, ‘OK we finally acknowledge we've exhausted
every way of debunking the deal' then we say, ‘OK what do we do with the 92
million dollars up front? Do we want to restore jobs? Do we want to put more in
reserves? Do we want to invest in long term projects? That debate will happen
separately," Sittenfeld said.
City Manager Milton Dohoney
told FOX19 back in late March that the bond sale alone can take 60 to 90 days
and said then that the administration would work as soon as possible to recall
laid off employees.
FOX19 reached out to not only
the Port Authority Wednesday but also to the chair of its board of directors
Otto Budig, but there was no response.
the deal is signed the Port Authority will sign contracts with private
companies to operate parking meters for the next 30 years and lots and garages
for the next 50 years.