WALNUT HILLS (FOX19) - The University of Cincinnati's presidential suite overlooking the Ohio River and downtown Cincinnati is now for sale for $2.25 million, FOX19 has learned. A UC spokeswoman provided us with a link to the listing.
The university's new president, Dr. Santa Ono, had previously told FOX19 he has no use for the penthouse and wants to use proceeds from the sale for a new presidential scholarship.
"I'd much rather see 25 kids get a free education than me to have access to a nice condominium that I don't live in," Dr. Ono told us in April.
The move by Dr. Ono and the board of trustees to sell the condo follows a FOX19 investigation into the previous president's lifestyle, paid for with money from university donors and taxpayers. The condo, in the plush Edgecliff Point complex in Walnut Hills, has been on the market since June 17 following the last of the university's fundraisers that had been scheduled there and some maintenance that had to be done, according to UC spokeswoman M.B. Reilly.
Judging by other listings on Coldwell Banker West Shell's website, the 5,700 square foot condo with seven balconies and 360-degree views is within the price range of similar properties. It has three bedrooms, three full bathrooms, and a marble foyer. Another penthouse on the same floor is on the market for nearly $2.5 million. Across the river in Covington, a similar condo in the Ascent Building has an asking price of about $2.5 million, too.
The Hamilton County Auditor's Office values the UC presidential suite at nearly $2.6 million. The condo was a gift in 2008 from Patti and Buck Niehoff, who support the sale.