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Vacant Cincinnati hotel's redevelopment stalled by dispute over property tax value

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Cincinnati's Terrace Plaza Hotel, a landmark from 1948, has sat empty since 2008. Its owner is in a redevelopment plan for the property, which is valued at $160 million. A disagreement between the owner and the city's school district over how the property should be taxed has created delays. The tax issue must be settled before construction can begin. Supporters argue the project will preserve the building's historical and architectural importance to the city.

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