The private group hoping to purchase Music Hall for $1 is now asking for $10 million in city contributions to its effort to update the historic building, double the initial $5 million it asked for. The Music Hall Revitalization Co. says failing to strike a deal before June 1 will jeopardize the proposed $165 million renovation. Among the updates the city is being asked to fund are $75,000 buffers to block noise from the streetcar and a $150,000 escrow account to pay for any future disruptions due to the streetcar.
City Council yesterday spent some time considering ways to fix the city's retirement fund deficit. Cincinnati's retirement board wants the city to contribute $67 million to the pension system this year, though Council has reportedly contributed only about half of that.
CVG today will unveil its updated Concourse A, which has undergone a $36.5 million renovation. It is part of the airports attempt to lure a low-cost airline to the hub that formerly housed Delta.
Cleveland is the first Ohio city to open one of the state's four new casinos, drawing about 5,000 to a grand opening last night. Cincinnati's casino is expected to be the last of the four to open, with Hollywood casinos scheduled to open in Toledo May 29 and in Columbus this fall. Cincinnati's' Horseshoe is scheduled to open next year.
Barack Obama's Super PAC is airing TV ads questioning Mitt Romney's business record, specifically his commitment to workers.
Prosecutors today decided to bring charges against former News of the World editor Rebekah Brooks, who along with her husband and four others will be charged with conspiring to pervert the course of justice. The alleged incidents occurred in response the phone hacking allegations, and the charges are apparently quite embarrassing to Rupert Murdoch and British Prime Minister David Cameron.
JP Morgan today said, “Surprise! We lost a bunch of money!” Two years after congress tightened regulations on Wall Street, the industry now fears that regulators will now listen to their fears even less as they enact stricter reforms.
Humans are consuming more resources than the earth can replenish, according to the World Wildlife Fund's Living Planet Report for 2012.
Lady Gaga yesterday cancelled a cold-out Indonesia performance in response to conservative protests over her clothing and dance moves.
National police spokesman Boy Rafli Amar, responding to the pressure, said Tuesday that the permit for her June 3 "Born This Way Ball" concert had been denied.
Indonesia, a nation of 240 million people, has more Muslims than any other. Although it is secular and has a long history of religious tolerance, a small extremist fringe has become more vocal in recent years.
Hard-liners have loudly criticized Lady Gaga, saying the suggestive nature of her show threatened to undermine the country's moral fiber. Some threatened to use physical force to prevent her from stepping off the plane.
Lawmakers and religious leaders, too, have spoken out against her.