Parking lease still has more hurdles before it becomes official - WSFA.com Montgomery Alabama news.

Parking lease still not a done deal

CINCINNATI, OH (FOX19) -

Cincinnati's parking deal is still has a few more hoops to jump through before it becomes official.

Cincinnati's City Manager signed the parking lease Wednesday after winning an appeal in court, but there are empty lines on the contract where the Port of Greater Cincinnati Development Authority has yet to ink the deal.

While the bonds are being prepared for sale both the city and the Port Authority are working to iron out the contract. If the port wants changes they will have to amend the 130 page document.

Council member P.G. Sittenfeld says he attempted to put a stop to the deal in council Wednesday but did not have enough support to get the votes needed.

"The clock is seriously ticking," P.G. Sittenfeld told FOX19. "We could have overturned this deal today. A majority of council chose not to go forward with that. It's a big mistake. We're going to live with this for the next 30 years. "

Once the Port Authority signs and there is certainty with the bonds, it will then be up to council to decide how to spend the money. 

"Once this is a done, done deal and folks like myself say, ‘OK we finally acknowledge we've exhausted every way of debunking the deal' then we say, ‘OK what do we do with the 92 million dollars up front? Do we want to restore jobs? Do we want to put more in reserves? Do we want to invest in long term projects? That debate will happen separately," Sittenfeld said.

City Manager Milton Dohoney told FOX19 back in late March that the bond sale alone can take 60 to 90 days and said then that the administration would work as soon as possible to recall laid off employees.

FOX19 reached out to not only the Port Authority Wednesday but also to the chair of its board of directors Otto Budig, but there was no response.

Once the deal is signed the Port Authority will sign contracts with private companies to operate parking meters for the next 30 years and lots and garages for the next 50 years.

Copyright 2013 WXIX. All rights reserved.

  • NewsMore>>

  • Again the question: Could armed teachers stop shootings?

    Again the question: Could armed teachers stop shootings?

    Thursday, February 22 2018 1:13 AM EST2018-02-22 06:13:54 GMT
    Thursday, February 22 2018 10:04 AM EST2018-02-22 15:04:47 GMT
    (AP Photo/Carolyn Kaster). From left, President Donald Trump, Marjory Stoneman Douglas High School student students Carson Abt, and Ariana Klein, listen as Carson's father Frederick Abt, speaks during a listening session with high school students, teac...(AP Photo/Carolyn Kaster). From left, President Donald Trump, Marjory Stoneman Douglas High School student students Carson Abt, and Ariana Klein, listen as Carson's father Frederick Abt, speaks during a listening session with high school students, teac...

    Revisiting an idea he raised in his campaign, Trump's comments in favor of allowing teachers to be armed come as lawmakers in several states are wrestling with the idea.

    More >>

    Revisiting an idea he raised in his campaign, Trump's comments in favor of allowing teachers to be armed come as lawmakers in several states are wrestling with the idea.

    More >>
  • US women beat Canada for gold in a 3-2 shootout thriller

    US women beat Canada for gold in a 3-2 shootout thriller

    Thursday, February 22 2018 2:34 AM EST2018-02-22 07:34:20 GMT
    Thursday, February 22 2018 9:56 AM EST2018-02-22 14:56:16 GMT
    (AP Photo/Matt Slocum). United States celebrates winning gold after the women's gold medal hockey game against Canada at the 2018 Winter Olympics in Gangneung, South Korea, Thursday, Feb. 22, 2018.(AP Photo/Matt Slocum). United States celebrates winning gold after the women's gold medal hockey game against Canada at the 2018 Winter Olympics in Gangneung, South Korea, Thursday, Feb. 22, 2018.

    Twenty long years after taking gold when the sport debuted in 1998, the United States snapped Canada's streak of four straight Olympic golds with a 3-2 shootout victory.

    More >>

    Twenty long years after taking gold when the sport debuted in 1998, the United States snapped Canada's streak of four straight Olympic golds with a 3-2 shootout victory.

    More >>
  • Nowitzki 'disgusted' by report of hostile workplace for Mavs

    Nowitzki 'disgusted' by report of hostile workplace for Mavs

    Wednesday, February 21 2018 2:13 AM EST2018-02-21 07:13:50 GMT
    Thursday, February 22 2018 9:56 AM EST2018-02-22 14:56:08 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    The Dallas Mavericks have hired outside counsel to investigate allegations of inappropriate conduct by former team president Terdema Ussery in a Sports Illustrated report that described a hostile workplace environment for women.

    More >>

    The Dallas Mavericks have hired outside counsel to investigate allegations of inappropriate conduct by former team president Terdema Ussery in a Sports Illustrated report that described a hostile workplace environment for women.

    More >>
Powered by Frankly