Cincinnati’s 1948 Terrace Plaza Hotel has sat vacant since 2008; after two years of asbestos and mold removal, a tax valuation fight is now threatening another attempt to redevelop the landmark
- Photo: Som.comCincinnati’s historic Terrace Plaza Hotel has been vacant since 2008, but a $160 million plan to bring the 1948 landmark back to life is now facing a new obstacle.
- After two years of asbestos and mould removal, the redevelopment is being held up by a dispute over the building’s property tax valuation.
- The case involves the hotel’s owner, a tax valuation appeal and the city’s school district, and has been reported by Blue Water Healthy Living and documented in federal court records.
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- Photo: Som.comCincinnati’s historic Terrace Plaza Hotel has been vacant since 2008, but a $160 million plan to bring the 1948 landmark back to life is now facing a new obstacle.
- After two years of asbestos and mould removal, the redevelopment is being held up by a dispute over the building’s property tax valuation.
- The case involves the hotel’s owner, a tax valuation appeal and the city’s school district, and has been reported by Blue Water Healthy Living and documented in federal court records.
Sources: Times of India