Cincinnati to sell Music Hall to private group


CINCINNATI (AP) -- City officials are preparing to sell Cincinnati's historic Music Hall to a private group that will take over a $165 million renovation of the building.

The Cincinnati Enquirer reports ( ) that the proposed sale price of the 134-year-old Over-the-Rhine structure is only $1.

Under the deal, a private nonprofit entity called Music Hall Revitalization Co. Inc. would responsible for raising money for the building's makeover. The newspaper reports that the group would also handle future operating and maintenance costs that are a drain on the city's budget.

The building's upgrade is likely to be delayed by a year because of fundraising difficulties. It would be the second yearlong delay since the project was announced in 2006.

The city's Planning Commission is slated to consider the proposed deal next Friday.


Information from: The Cincinnati Enquirer,