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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 2/19/2026, DECLARING a hotel to be developed on property located at 240 W. Fourth Street and 251 W. Fifth Street in the Central Business District of Cincinnati to be designated a convention center headquarters hotel for purposes of Ohio Revised Code Section 5739.093; DECLARING such convention center headquarters hotel and any associated convention center headquarters hotel facilities to be a public purpose; DECLARING lodging transactions occurring at such convention center headquarters hotel to be exempt from City of Cincinnati's lodging taxes levied pursuant to Cincinnati Municipal Code Chapter 312 for a period of thirty years; REQUIRING the convention center headquarters hotel's qualifying vendor to make payments in lieu of qualifying lodging taxes; ESTABLISHING new Fund 406, "Convention Center Hotel Lodging Tax Equivalent Fund," for the purpose of receiving payments in lieu of qualifying lodging taxes associated ...
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