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The committee adopted an amended motion directing the administration to provide a report within 120 days on the impact of Cincinnati’s 2023 Residential Tax Abatement Reform. It also recommended passage of three city-property leases, including a 55-year lease for 1720 Race Street.
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Residents should expect a report evaluating how the 2023 residential tax-abatement changes have affected Cincinnati. The committee also advanced leases for city-owned property in Over-the-Rhine, Corryville, and Downtown, but the lease ordinances still require action by the Cincinnati City Council.
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