CINCINNATI (Cincinnati Business Courier) – A $100 million project in Florence anchored by a conference hotel and a corporate headquarters will move forward with a local incentive package.
Florence City Council Aug. 25 unanimously passed a resolution approving the issuance of industrial revenue bonds for Athena Hospitality Group’s project at a high-profile 14.6-acre site on Houston Road.
Cities in Kentucky act as conduits for industrial revenue bonds, which are tax exempt and backed by private leasing revenues without touching a city’s full faith and credit or impacting its debt capacity…