Cincy Hall Gets $25M Boost

The planned renovation of Cincinnati Music Hall has won a $25 million historic tax credit, buoying supporters who hope that spurs more private donations toward the project.

The city icon is considered one of the country’s most endangered historic places. Counting the tax credit, The Cincinnati Enquirer reports nearly $100 million has been raised or committed for the effort. About $25 million more is sought, probably from private donors.

The Ohio Development Services Agency says the impact of the restoration work is expected to reach beyond the building itself by helping to transform the Over-the-Rhine neighborhood and aiding the local economy.

The state-approved tax credit means certain private investors help pay for the work and receive a break on their state taxes based on those investments.