Cincinnati Public Radio (WGUC and WVXU) currently leases space in the Crosley Telecommunications Center at 1223 Central Parkway, a building owned by CET that sits above land owned by the City of Cincinnati. Our lease expires in December 2019.
In addition to the lease ending soon, redevelopment is taking place around the Crosley Telecommunications Center, and our block has been targeted for redevelopment (especially with the announcement of the new FC Cincinnati Stadium close by). Discussions with a variety of parties involved made it clear that Cincinnati Public Radio must find a new home as soon as possible.
To begin the process of finding a permanent home, CPR engaged a design architect, emersionDESIGN, a real estate broker, and a fundraising counsel, Ignite Philanthropy.
For the last six months, CPR and its team of professional advisors has been investigating options to find an appropriate place within the city center for relocation. Consideration has included both building a new facility and rehabbing an existing structure. Based on the technical requirements of studio construction and other considerations, we have determined that building a new facility will be the most economical and feasible path to pursue.
One site identified as ideal, based on CPR's requirements, is the City owned lot at the corner of 9th and Plum Streets.
On Monday, June 25, the Budget and Finance Committee of Cincinnati City Council voted to not move forward with a competing proposal by an Indianapolis developer to build a multi-story apartment building on this lot, which makes it now available for possible purchase by CPR.
It is our intention to present a resolution to City Council to purchase the property as soon as possible after Council returns from summer recess in August. Between now and then, we will be working with the City's Economic and Community Development Department and other interested parties – while also continuing to plan with emersionDESIGN and Ignite Philanthropy.
The building and relocation will be funded through a combination of funds already on hand that we have been amassing for this purpose and private donations as part of a capital campaign over the next two years without an increase in the number of on-air fund drive days, The planning for the campaign is underway with the launch date still to be determined. We expect that the fundraising effort for our new home will involve several phases executed over the next couple years.
Cincinnati Public Radio has been an important part of the community for more than 50 years. We are excited about the opportunity to create a new home where listeners can interact, share ideas, celebrate music and create new content together. I look forward to your thoughts and questions, and to an exciting future for Cincinnati Public Radio.
President, GM & CEO
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