Cincinnati’s vacant 1948 hotel faces new redevelopment hurdle over tax value

Cincinnati’s iconic Terrace Plaza Hotel has stood vacant since 2008, currently tied up in redevelopment plans. A contentious property tax valuation dispute between the owner and the city’s school district has caused delays. This $160 million project seeks to honor the hotel’s historical significance while also requiring a resolution of tax issues to proceed with construction, maintaining its vital role in the city’s architectural legacy.