The Hamilton County Board of Commissioners unanimously approved a 40-year agreement with the Cincinnati Center City Development Corporation (3CDC) that will lease the county-owned Memorial Hall and provide renovations to the 105-year-old building.
County officials have long said the building, which is used to host concerts, shows and speaking events, is in dire need of upgrades, particularly overhauls to its roof, windows, facade work, floors, air conditioning and bathrooms — all of which will now be financed by 3CDC with the help of tax credits.
“The public-private partnership between 3CDC and Hamilton County will result in the preservation of historic Memorial Hall without the use of taxpayer dollars for the improvements,” Commissioner Greg Hartmann, a Republican, said in a statement.
The partnership will also relinquish the county government’s operational funding for insurance and utilities for Memorial Hall, which cost the county about $200,000 annually.
In a statement, Hartmann’s office said the partnership with 3CDC “extends only to the renovations at Memorial Hall,” and the county will retain ownership and the final say over any increased programming.
The city of Cincinnati has repeatedly partnered with 3CDC, a nonprofit company, for projects at Fountain Square, Washington Park, the Vine Street streetscape project and ongoing developments throughout Over-the-Rhine.