$162 million Carew Tower conversion moves forward with millions in property

Cincinnati City Council will vote Wednesday on a 30-year property tax exemption for a developer working to rehabilitate and convert Carew Tower into apartments.

The Budget and Finance Committee on Monday approved the agreement, a move city leaders believe will contribute to efforts to revitalize downtown Cincinnati.

“It’s sitting there vacant; without offices, without residential, without retail, there would be a hole in the middle of downtown,” council member Jeff Cramerding said…

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