What you need to know Update: The Board of Commissioners approved both the tax incentive and financing package at their meeting on March 24, 2026–LINK nky editorial, March 24, 2026. Covington will vote on both a job-incentive agreement and a municipal financing agreement with MarfoFMA, the new airline food producers set to occupy the old […]
Tag: Industrial Revenue Bonds
Posted inNews
Covington to vote on financing for garage-top apartments
What you need to know The Covington Board of Commissioners will vote next week on financing and tax abatement for an apartment complex slated to sit atop the new Kenton County Government Center parking garage, which is being constructed in conjunction with the Brent Spence Corridor project. The complex will be named Bavarian Flats, a […]
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Covington approves financing for mixed-use complex at CCR site
UPDATE: The Covington Board of Commissioners approved final contract documents for the financing at the their meeting on April 14, 2026, effectively serving as the final prerequisite to actually issuing the financing in earnest.–LINK nky editorial, April 17, 2026. The Covington Board of Commissioners approved municipal financing Tuesday night for a mixed-use area in the […]
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Covington considers financing for warehouse apartment rehab
UPDATE: The Covington City Commission voted to issue the IRBs as part of the consent agenda at the legislative meeting on April 22, 2025.–LINK nky editorial, April 23, 2025 CORRECTION: The original version of this story contained inaccuracies as to the structure of IRBs for this project. The relevant lines have been corrected. We apologize […]
Posted inBusiness
Boone County signals intent to support expansion of 80 Acres vertical farming facility
The largest vertical farming company in the Greater Cincinnati area — 80 Acres — plans to expand its growing operation at its lone Northern Kentucky facility. Hamilton, Ohio-based 80 Acres plans to add another “grow zone” to its over 200,000-square-foot facility at 7455 Empire Dr. in unincorporated Boone County. Currently, the facility features two grow […]
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Newport approves $18 million in industrial revenue bonds for E. 11th Street development
The Newport city commission approved an order authorizing the issuance of $18,000,000 in taxable industrial revenue building bonds (IRB) for a development on E. 11th Street. According to the Commonwealth of Kentucky, IRB can be issued by municipalities to provide a lower interest rate for the financing of a project, but the issuer, in this […]
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Southgate Council Approves Funding for Memorial Point Apartment Project
FTM file. Does this story bring some value to you? Please consider a small donation to help fund our content. We rely solely on support from our advertising partners, providing our content for free. Any amount helps. Click here to donate! by Robin Gee, city council beat editor The city of Southgate will issue […]