The Port of Greater Cincinnati Development Authority, commonly referred to as The Port, is a public agency that plays a crucial role in real estate redevelopment in Cincinnati and Hamilton County. Here are some key aspects of The Port: - Purpose and Mission: The Port aims to promote and enable equitable development by transforming unproductive real estate into opportunities for employment and housing. Its mission is to make real estate work for jobs, homes, and communities[2][5]. - Structure and Governance: The Port is governed by a board of directors consisting of ten members, with five appointed by the Mayor of Cincinnati and five by the Board of County Commissioners of Hamilton County. Members serve four-year terms[1]. - Activities and Initiatives: - Industrial Revitalization: The Port works to revitalize industrial sites, making them attractive for advanced manufacturers with high-paying jobs[2][5]. - Neighborhood Revitalization: It strengthens communities by increasing access to homeownership and revitalizing business districts[2][5]. - Public Finance: The Port provides public financing for projects that bring housing, jobs, and vitality to local communities[2][3]. - Recent Projects: One notable project involves a pre-development agreement with Victrix Investments to renovate the iconic Carew Tower in downtown Cincinnati. The project includes converting the tower into a mix of residential and commercial spaces, with support from state and federal tax credits[3]. - Impact and Initiatives: The Port also focuses on initiatives like the CARE Homes program, which aims to narrow the racial wealth gap by offering pathways to homeownership[5]. Additionally, it is involved in creating a Green Bank to accelerate investment in the green economy[5].