Home / Newsletters / Ohio / Cincinnati / March 5, 2025

πŸ“š Reading champions

Cincinnati • March 5, 2025

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Good morning, Cincinnati. After 47 years with the company, Kroger CEO Rodney McMullen's sudden resignation amid a personal conduct investigation has sent ripples through one of our city's corporate cornerstones. The shakeup comes as Cincinnati quietly claims an unexpected national title: we're leading the country in office-to-residential conversions per capita, with nearly 12 million square feet of potential space being reimagined for a post-pandemic world.

Meanwhile, literacy blooms across the region as Cincinnati Children's Hospital deploys over 125 employee volunteers to 14 local schools for Read Across America week. These reading champions are sharing STEM-focused books and donating 800 volumes to inspire young minds. The heartwarming initiative offers a bright contrast to the city's financial picture, where a concerning $1.6 billion shortfall has earned Cincinnati a "Sinkhole City" designation and saddled each taxpayer with a theoretical $13,400 share of municipal debt.

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β˜•οΈ What's Brewing Locally

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πŸ›’ Kroger CEO resigns amid personal conduct investigation after 47-year career. Rodney McMullen stepped down following a board investigation that found his personal conduct inconsistent with company ethics policies. Cincinnati is making headlines in real estate, leading the nation in office-to-residential conversions per capita with 11.9 million square feet of potential space. Other local developments include a $21M affordable senior housing project downtown, a $150M Hyde Park Square development, and Miami University's plans for a new $187M arena. The article concludes with the author's reflections on hiking at Cincinnati Nature Center.

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πŸ“š Cincinnati Children's volunteers spark literacy in 14 local schools. Over 125 employees are reading to elementary students across Southern Ohio and Northern Kentucky during Read Across America week. The volunteers share STEM-focused books like "Rosie Revere, Engineer" and "Cutie Sue Fights the Germs" while engaging students in creative engineering activities. Cincinnati Children's will donate 800 books to regional schools as part of their mission to help children thrive both physically and emotionally. The hospital has partnered with schools for Read Across America since 2015.

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πŸ’° Cincinnati plunges deeper into debt with $1.6 billion shortfall. The city earned a "D" grade and "Sinkhole City" status in Truth in Accounting's latest financial assessment, burdening each taxpayer with $13,400 in debt. Cincinnati's financial troubles stem primarily from its retirement system's pension debt doubling after a more realistic projection rate was applied. Additionally, the police budget increased by $2 million due to overtime costs addressing violent crime and officer attrition. With only $1.1 billion available to pay $2.7 billion in bills, city leaders face difficult choices between financial stability and maintaining essential services.

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🏑 Real Estate Reveals

Real estate listing image Investor's Fixer-Upper Dream: At the bargain price of $99,900, this property beckons investors and DIY aficionados with multiple exit strategies: complete the remodel, then flip it, rent it out, or move right in.
Real estate listing image Urban gem near everything: Priced at $219,900, this recently renovated two-bedroom property in a hot urban area offers skylight, HVAC upgrades, and easy highway access, all without HOA fees and within minutes of downtown and the airport.
Real estate listing image Income-ready brick Cape Cod: Priced at $188,000, this turnkey brick Cape Cod offers immediate income with a current lease of $1,450 monthly until November 2025, featuring hardwood floors, a modernized kitchen, and new HVAC system from 2021.

πŸ—“οΈ Happenings & Hoopla

🍷 Mar. 6 - Cincinnati Wine Festival: Swirl, sip, and savor at the Cincinnati International Wine Festival! Enjoy a 5-course meal paired with rare wines at Eleventyplex on March 6, with expert interactions and sampling opportunities.
πŸ‘— Mar. 8 - Global Cultural Runway Show: Strut your global style at the University of Cincinnati's student-run Cultural Fashion Show! Marvel at traditional attire from around the world on March 8 at 2600 Clifton Ave.
🎨 Mar. 8 - Snake Plant Paint & Sip: Unleash your inner artist at Queen City Radio's "Snake Plant" Paint & Sip on March 8! Grab a drink and brush as you create your own botanical masterpiece in this fun Cincinnati evening event.
🍻 Mar. 8 - Cinnamon Bock Release Party: Raise a glass at Sam Adams Cincinnati Taproom for Bockfest! Swing by Logan Street on March 8 to sample the special release Cinnamon Roll Breakfast Bock and join the brewing celebration.
🌱 Mar. 8 - Seed Starting Workshop: Dig into spring at Turner Farm's Seed Starting Workshop! Discover the joy of growing your own veggies, herbs, and flowers from seed on March 8 at 7400 Given Rd, Cincinnati. Expand your gardening horizons!
🐐 Mar. 9 - Goat Yoga Bockfest: Strike a playful pose with adorable baby goats at Bockfest's Goat Yoga! Celebrate spring at Rosedale (208 E 12th St) on March 9 with the perfect blend of stretching, furry friends, and bock beer.
🎡 Mar. 9 - We Are Vessel: Rock your Sunday afternoon with We Are Vessel live at Heritage Bank Center! Catch this electrifying performance on March 9th at 4:00 PM in downtown Cincinnatiβ€”grab your tickets before they're gone.
🎡 Mar. 9 - Anne Wilson Concert: Grammy-nominated Anne Wilson brings her soul-stirring music to Heritage Bank Center on March 9! Join fellow fans at 6:00 PM for an unforgettable evening of heartfelt melodies and powerful performances in downtown Cincinnati.
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