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Cincinnati's investment fund resulting from the sale of the city-owned railway has grown by nearly $100 million over the past 11 months. That 6.87% growth is ahead of the Board's goal to grow the fund by an average 5.5% annually.

The $1.6 billion sale revenue has been invested, including about $21 million right here in Hamilton County.

Cincinnati’s investment fund resulting from the sale of the city-owned railway has grown by $94 million since March, a growth of nearly 6%.

The goal is to grow the principal of the $1.6 billion over time, while still sending at least $26 million a year to the city to spend on maintaining current infrastructure like streets, parks, and recreation centers.

Voters approved the sale of the Cincinnati Southern Railway to Norfolk Southern for $1.6 billion. That revenue will now be invested, but not in gun manufacturing.

The board hired a consulting firm to rank the 16 applicants who applied for the role. The board winnowed those down to five: UBS, Fifth Third Bank, NEPC, FEG Investment Advisors and Northern Trust.

An oversight board will interview five applicants for the job of managing a $1.6 billion investment fund resulting from the sale of the Cincinnati Southern Railway.

Norfolk Southern spent a total of $5,975,000 on a campaign to convince voters to sell the city-owned Cincinnati Southern Railway.

Voters narrowly approved the sale of the Cincinnati Southern Railway last week, accepting a $1.6 billion deal from Norfolk Southern.

The official closing of the sale will take place no later than March 15, 2024.