CINCINNATI (AP) — City council members have approved leasing Cincinnati's historic Music Hall for 75 years to a nonprofit group that is raising the money to renovate it.
The Cincinnati Enquirer (http://cin.ci/12zFSZe ) reports that council members approved the lease Monday. The city can end the deal if the nonprofit Music Hall Revitalization Co. Inc. doesn't raise at least $50 million for the renovation by 2015. But city Solicitor John Curp says he thinks the group will surpass that amount.
The deal also calls for the nonprofit group to handle future operating and maintenance costs of renovating the structure in the Over-the-Rhine neighborhood. It was constructed in 1878.
Council members already approved a $10 million contribution to improvements to the hall. That money will be paid in annual installments from 2016 through 2019.
Information from: The Cincinnati Enquirer, http://www.enquirer.com