Cincinnati Port could develop its first spec building to prove concept

The Port of Greater Cincinnati Development Authority “is considering whether to do something it has never done before: Develop a speculative, multistory industrial building in Camp Washington to show that such a project can be successful,” the Cincinnati Business Courier reports. The Port’s vision for the project is “to build a vertical industrial building with the manufacturing facility on one or several floors, storage, parking and offices all in one stack” at a time when “most manufacturers prefer horizontal structures,” according to the article. One mission of the Port is “to bring more manufacturing jobs to the region by helping redevelop vacant or underutilized industrial land.” Laura Brunner, Port CEO, said, “[w]e have to present options for smaller spaces with a vertical orientation. The best thing is for us to do a proof of concept and self-develop a building.” REDI Cincinnati and JobsOhio are working with the Port to determine which industries can be targeted for the building. For more, read the full article (subscription may be required).

Economic Development, State Updates