CRA tax break for Cincy Club hotel project

The City of Cincinnati is considering a Community Reinvestment Area Tax Exemption Agreement with Cincy Club BRESSDG, LLC for a boutique hotel redevelopment at 30 Garfield Place. The ordinance would provide a 12-year, 100% tax exemption on the value of improvements associated with about $31.57 million in construction costs.

Scope & details

The full contract record, as filed.

Contract amount

Approximately $31,565,115 total construction cost (tax exemption on 100% of improvements)

Contract type

FINANCIAL_SERVICES

Contract term

Twelve-year Community Reinvestment Area tax exemption

Renewal

Single 12-year CRA exemption term; no renewal language is referenced in the agenda text.

Document type

Agenda

Source document

City of Cincinnati Agenda Housing & Growth 2026-08-04

Related contracts

Other contracts from Cincy Club Bressdg Llc.

View all →

City of Cincinnati Agenda Calendar 2026-08-05

APPROVED

City of Cincinnati, OhioAug 5, 2026

City of Cincinnati Housing & Growth Meeting Minutes 2026-08-04

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Cincinnati?

Cincy Club Bressdg Llc was awarded this financial services contract by City of Cincinnati, as recorded on August 4, 2026. The contract value is Approximately $31,565,115 total construction cost (tax exemption on 100% of improvements).

How much is the Cincy Club Bressdg Llc contract with City of Cincinnati worth?

The Cincy Club Bressdg Llc contract with City of Cincinnati is valued at Approximately $31,565,115 total construction cost (tax exemption on 100% of improvements), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Cincinnati Agenda Housing & Growth 2026-08-04 (Agenda), dated August 4, 2026 from City of Cincinnati. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cincy Club Bressdg Llc hold?

Cincy Club Bressdg Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Cincy Club Bressdg Llc's profile

What is City of Cincinnati currently buying?

Explore City of Cincinnati's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Cincinnati's profile