A capital improvement program project account in the amount of $750,000 for the redevelopment of Glenway Avenue has been passed unanimously by Cincinnati City Council.

Funding for the account comes from tax increment financing (TIF) funds from a district approved by council in March 2008.

Cincinnati's Department of Community Development is currently working with Price Hill Will on a Glenway Avenue Market Study and Development Plan to identify underutilized properties .

Ken Smith, executive director of Price Hill Will, says that they're looking at mixed-use development for the area.

"Hopefully, this will be a catalyst for additional development along the business corridor in West Price Hill," he says.

Price Hill Will will be seeking input on the plan, and a public meeting likely will be scheduled within the next month, Smith says.

Previous reading on BC:
TIF money could lead to Glenway redevelopment (5/18/09)
Cincinnati rolls out three 'new' streetscape TIF projects (4/4/08)
Finance Committee discusses changes on streetscape TIFs (12/6/07)
City taking action on streetscape TIFs (11/1/07)
Council authorizes bonds for Evanston, Walnut Hills streetscapes (9/24/07)