City Hall will host public hearings about the city manager’s parking and economic development plan today, but the hearings will take place before the public knows all the official details. Meg Olberding, city spokesperson, says the legal documents and contracts for the deal aren’t ready to be released yet, but they will be ready before City Council holds a vote.
“We’re still finalizing the documents,” Olberding says. “These are long, complicated documents, so we want to make sure they’re done right, and we’ll put them online as soon as they’re available.”
When the documents are released, they will include Cincinnati’s deal with the Port of Greater Cincinnati Development Authority, but they will not divulge specifics on the Port Authority’s contracts with AEW, Xerox, Denison and Guggenheim — the four private companies partnering with the Port Authority to manage city’s parking assets.
Without the full details, mayoral candidate John Cranley, who opposes the parking plan, says he’s concerned the public is going into the deal blind: “Why are they having public hearings before giving the contract to the public and giving us the exact details? What they do is sit back and selectively give information.”
The lack of details has already led to some surprises since the parking proposal was announced to the public.
Under the initial plan, parking meter rates will be set to increase annually by 3 percent or the rate of inflation on a compounded basis, with any increases coming in 25-cents-an-hour increments. That should translate to 25-cent increases every three years for Downtown and every six years for neighborhoods, says Olberding.
City Manager Milton Dohoney Jr. unveiled his parking proposal on Feb. 19, promising $92 million upfront and an additional $3 million a year to pay off the city’s budget deficits for 2014 and 2015, build a 30-story high-rise Downtown with a grocery store and 300 luxury apartments, renovate Tower Place Mall and complete the I-71/MLK Interchange project (“City Manager Proposes Parking, Economic Development Plan,” issue of Feb. 20).