CINCINNATI (AP) — The Port of Greater Cincinnati Development Authority has entered a contract to buy an old arena that once played host to The Beatles and was the home of Cincinnati’s former NBA franchise.
The Cincinnati Enquirer reports (http://cin.ci/1UcdCqI ) the Port Authority’s board voted Wednesday to move forward with the purchase of the Cincinnati Gardens. The nearly 20-acre property includes the Gardens, an adjacent skating rink and three parking lots.
The arena opened in 1949 as the nation’s seventh-largest indoor stadium with a seating capacity of 11,000. The Cincinnati Royals played their home games at the Gardens from 1957 to 1972.
But in recent years the stadium has fallen into disrepair and is in need of an upgrade. Port Authority officials plan to invest $200 million into the property by 2022.
Information from: The Cincinnati Enquirer, http://www.enquirer.com