City staffers replied that although a prominent Northern Kentucky hotelier was interested in making that commitment, the judge-executives from the three counties never agreed to it. “If he’s just now coming to the realization on this, he hasn’t been paying attention for the last two years,” Mark Schutte, a board member of the Greater Cincinnati Convention and Visitors Bureau, said about Cranley. “It’s been clearly spelled out that the money wasn’t coming. He’s been copied on the memos put out by the city administration.”
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Other Council members also were cautious about claiming the project was secure, noting that Delta Air Lines backed out of a deal in 2002 to pay $17 million for naming rights after the company began having financial troubles. Also, local officials haven’t yet secured a $20 million grant from the state of Ohio, which likely will be debated by the Legislature in the next budget cycle.
“We all are moving very cautiously on this because there have been a number of false starts in the past, based on verbal commitments and handshakes,” said Vice Mayor Alicia Reece. City staffers believe the grant isn’t essential for the expansion. Critics, however, believe the grant’s absence — coupled with a drop-off in city and county hotel tax revenues — could make the city liable for an additional $20 million to $50 million in coming years for the project.
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The convention center expansion will increase the 548,000-square-foot facility to 732,000 square feet, including 194,000 square feet of exhibit space. After the project is completed in mid-2006, it will enable Cincinnati to compete for 75 percent of the convention “event market” interested in the city, compared to 60 percent now, officials said. Supporters say the project will increase local convention business by $122 million a year to $263 million, as well as create 1,850 new jobs.