WEBVTT

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<v Speaker 1>My Billy Cunningham, the Great Amara, and of course the

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<v Speaker 1>mayor after a year of all came out with his

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<v Speaker 1>plan for the next fiscal year in the City of Cincinnati.

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<v Speaker 1>It's about a five hundred and forty three million dollar

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<v Speaker 1>annual city budget that includes the first fifty six million

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<v Speaker 1>dollar payment from the railroad to sale voters approved in

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<v Speaker 1>twenty twenty three. Here we are about a year and

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<v Speaker 1>a half later. Time flies when you're having fun, and

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<v Speaker 1>there's concerned by many that the infrastructure moneies that voted

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<v Speaker 1>on by the taxpayers will go for reasons and purposes

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<v Speaker 1>other than what was intended. A woman that knows where

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<v Speaker 1>the bodies are buried all over Hamilton County is Amy Murray,

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<v Speaker 1>who spent many years on the Cincinnati Southern Railway Board,

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<v Speaker 1>who advocated for the sale of that property between here

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<v Speaker 1>and I think Nashville. And now the chickens are coming

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<v Speaker 1>home to roost. And Amy Murray, welcome again to the

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<v Speaker 1>Bill Cunningham Show. And Amy, how are you?

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<v Speaker 2>How are you? Willie?

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<v Speaker 1>I'm living the American dream. Let's go back a little

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<v Speaker 1>bit in time. What did the voters want.

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<v Speaker 2>To tell you?

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<v Speaker 1>All Right? It is It's Chattanooga, Chowndanouga Chanuga. I'm reading

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<v Speaker 1>a story in the All right, that's good. Tell the

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<v Speaker 1>American people in twenty twenty three, Well, what did we

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<v Speaker 1>vote for at that point? To refresh individuals memories.

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<v Speaker 2>Well, absolutely so.

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<v Speaker 3>I've been on the Cincinnati Southern Railway Board for five

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<v Speaker 3>years total. And you know, one hundred years ago, our

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<v Speaker 3>four fathers, four mothers in the city of Cincinnati voted

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<v Speaker 3>that we need to have a railway from here to

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<v Speaker 3>the South so that we would have commerce in that area,

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<v Speaker 3>and we were the only municipality that had a rail line.

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<v Speaker 2>We leased the lne in Norfolk.

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<v Speaker 3>Southern and they paid us approximately twenty three million dollars

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<v Speaker 3>a year. That money went strictly to maintain infrastructure in

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<v Speaker 3>the City of Cincinnati. We had a LEASA was com

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<v Speaker 3>up with Norfolk Southern, and we talked to Norfolk Southern

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<v Speaker 3>and looked at least negotiations and what we can do,

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<v Speaker 3>and we felt we should get a lot more money

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<v Speaker 3>than twenty three million, but based on the lease that

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<v Speaker 3>had been made twenty five years earlier, we kind of

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<v Speaker 3>kept losing out in all of the negotiations. Norfolk then

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<v Speaker 3>started talking to us that they wanted to acquire the

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<v Speaker 3>rail line, and we said, absolutely, no way, we don't

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<v Speaker 3>want to do that. We need to keep this money

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<v Speaker 3>in perfetuity. On the board of Southern Railway, we're all

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<v Speaker 3>not paid. There's five members. It cannot be more than

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<v Speaker 3>three people one political party, so you have a balance there.

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<v Speaker 3>And we were looking at I think Norfolk Southern started

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<v Speaker 3>with offering us maybe six hundred million, and then they

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<v Speaker 3>went up to eight hundred million, and we all said

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<v Speaker 3>absolutely not, we are not going to do this. We

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<v Speaker 3>want to keep the money protected through this railroad. Then

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<v Speaker 3>as we got into further negotiations a year or two

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<v Speaker 3>years later, and we looked at a lot of information,

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<v Speaker 3>all of a sudden, really it came to us, if

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<v Speaker 3>we had one point six billion dollars of city money,

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<v Speaker 3>would we invest that in one line of business and

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<v Speaker 3>in one company?

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<v Speaker 2>Would you ever? That'd be crazy, that would be crazy.

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<v Speaker 3>And so as we started looking this, we thought, if

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<v Speaker 3>something happens with Norfolk Southern, if they end up going

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<v Speaker 3>out of business, if they sell off this line, then

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<v Speaker 3>the city's going to end up with nothing, receiving no

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<v Speaker 3>money and be responsible for the line that were on it.

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<v Speaker 3>Also became apparent to us with our talks with them,

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<v Speaker 3>is they had alternatives to get down to Tennessee then

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<v Speaker 3>straight from Cincinnati, and so our roat was the easiest

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<v Speaker 3>for them, but they had other ways to get their

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<v Speaker 3>freight down there. So that's when we made a decision

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<v Speaker 3>and said, you know what, you know, we should look

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<v Speaker 3>at this seriously. And they ended up going up to

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<v Speaker 3>one point six billion dollars, which you know, was double

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<v Speaker 3>what they offered initially, and that's when we decided that

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<v Speaker 3>this would be better for the city. But we did

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<v Speaker 3>have state law changed, and we have the state law

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<v Speaker 3>changed so that the city had to keep using it

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<v Speaker 3>on infrastructure.

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<v Speaker 2>It could not be used for anything else.

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<v Speaker 1>Well, now there is concerns and the state law was changed,

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<v Speaker 1>which gives you more of a backstop, but I have

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<v Speaker 1>to have Pearavol says, this money is part of the

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<v Speaker 1>almost six hundred million dollar budget. Do they have the power?

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<v Speaker 1>What is infrastructure? What about human infrastructure? What about a

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<v Speaker 1>homeless shelter, what about bike paths? What's included? Can you

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<v Speaker 1>be specific as to how the money can be spent

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<v Speaker 1>and what cannot be spent on?

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<v Speaker 2>Yes, and let me back up here, Willie.

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<v Speaker 3>When we sold it, we were giving the city about

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<v Speaker 3>twenty three million dollars a year, and so we really

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<v Speaker 3>separate what the CINCINNTI Southern Railway did, and then we

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<v Speaker 3>would give it to the elected officials and they were

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<v Speaker 3>responsible for spending the money in the proper way on infrastructure.

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<v Speaker 3>Since we've sold it, Willy, it's gone from one point

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<v Speaker 3>six billion dollars in our account to one point seven billion,

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<v Speaker 3>so it's increased it's worth even with the market the

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<v Speaker 3>way that it's been, and so we with UBS wisely

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<v Speaker 3>invested it part in stocks, a part in bonds also

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<v Speaker 3>so that we'd be able to you know, we wanted

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<v Speaker 3>to be as conservative as we could be so that

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<v Speaker 3>this would last for a long time for the citizens

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<v Speaker 3>of Cincinnati. And through just the dim dems on bonds,

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<v Speaker 3>we were able to bring out sixty million dollars, which

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<v Speaker 3>is what we're using to give to the city. So

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<v Speaker 3>in the past we've given the city twenty three million

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<v Speaker 3>a year. This year, will it's up to fifty six

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<v Speaker 3>million the very first year, more than the citizens of

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<v Speaker 3>Cincinnati are getting double. And what I always saying, what

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<v Speaker 3>I learned at Procter and gamble is you need and

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<v Speaker 3>I know I agree with you.

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<v Speaker 2>I don't trust a lot of what the city sometimes

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<v Speaker 2>doesn't what they spend it on.

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<v Speaker 3>But if you look at what's happened in the past,

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<v Speaker 3>it's indification of what will happen in the future. And

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<v Speaker 3>with this money from the railroad sale, the city has

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<v Speaker 3>always used it on the proper infrastructure. They have done that,

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<v Speaker 3>and so we are giving them double the amount. One

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<v Speaker 3>of the things that I heard was coming through in

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<v Speaker 3>the bill that a third of the money that will

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<v Speaker 3>be giving them fifty six million is going to go

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<v Speaker 3>to road infrastructure. I mean, that's amazing. That's what we

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<v Speaker 3>need in the city of Cincinnati. And at least what

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<v Speaker 3>I can tell everyone on council and the mayor, they're

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<v Speaker 3>looking at things like roads, potholes, police stations. We have

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<v Speaker 3>so much old infrastructure needs that you know this this

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<v Speaker 3>will help it, but it's certainly not going to fix

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<v Speaker 3>it all. So I have faith that this is what

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<v Speaker 3>they're going to be using it for now. My only

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<v Speaker 3>concern is we have some you know, actors out there

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<v Speaker 3>that are trying to say we want to change a

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<v Speaker 3>state law, or we want to use this to pay

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<v Speaker 3>off everyone's property tax, or we want to use this

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<v Speaker 3>for all these other things, that's not the.

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<v Speaker 2>Purpose of it is.

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<v Speaker 3>And I would encourage people if someone comes to you

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<v Speaker 3>and that they have if they have.

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<v Speaker 2>A petition they want you to sign. You know, it's

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<v Speaker 2>a money grab for this money.

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<v Speaker 3>And we tried to lock it up as best as

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<v Speaker 3>we could so that it's just to be used for

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<v Speaker 3>infrastructure of the city for years and decades and decades

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<v Speaker 3>to come.

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<v Speaker 1>Our friend Robin Reagan said, trust but verify, So if

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<v Speaker 1>this money is going to be spent for homeless shelters

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<v Speaker 1>or for a human capital, whatever the hell that is,

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<v Speaker 1>that the Chris Finney's of the world would be out

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<v Speaker 1>there to sue to make sure that the handcuffs are

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<v Speaker 1>in a lock box on city council not to spend

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<v Speaker 1>this money for contrary to state law. Is that correct?

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<v Speaker 3>Well? Absolutely, And what the Southern Railway has done as

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<v Speaker 3>well is they are putting together it's coming out in

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<v Speaker 3>the next week. They'll be having a website that you

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<v Speaker 3>can go to. It's the CSRT dot org. So it's

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<v Speaker 3>the Cincinnati Southern Railway Trustee dot org. And the city

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<v Speaker 3>is now at every one of the board meetings, given

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<v Speaker 3>a presentation on where the money is going to, and

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<v Speaker 3>that will be put up on the Cincinnati Southern Railway

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<v Speaker 3>Trustees for website every month and so you'll be able

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<v Speaker 3>to see what the money is being used for. So

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<v Speaker 3>we are trying to be as transparent as possible because,

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<v Speaker 3>you know, those of us that worked with Norfolk Southern

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<v Speaker 3>and brought this vote to the voters, we feel very responsible.

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<v Speaker 3>So we want to make sure that it's as transparent

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<v Speaker 3>as possible. You know, right now we're giving the city

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<v Speaker 3>double the money that they've gotten before.

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<v Speaker 2>And you know what, word me Willie, as.

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<v Speaker 3>We could have ended up giving them nothing if something

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<v Speaker 3>happened with the rail line or if they took another

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<v Speaker 3>rout to Tennessee, we would be left with nothing.

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<v Speaker 2>So, you know, I think we're in a really, really

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<v Speaker 2>good situation. This should be celebrated.

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<v Speaker 1>This is a success story. Plus the the corpus the

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<v Speaker 1>body went from one point five to one point seven,

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<v Speaker 1>which is about a two hundred million dollar increase, and

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<v Speaker 1>the debonads so to speak, one point six. I'm sorry,

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<v Speaker 1>one point six to one point seven, that's one hundred appreciate.

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<v Speaker 3>I'd rather yeah, I'd rather have it be, you know,

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<v Speaker 3>one point five. But you know, and that's during this

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<v Speaker 3>difficult economic time that we have still managed to get

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<v Speaker 3>to one point seven. So I think you know the

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<v Speaker 3>way that this board has been run, the way that

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<v Speaker 3>it's a bipartisan board, it's really looking at what's best

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<v Speaker 3>for long term fiscal strength of the City of Cincinnati

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<v Speaker 3>and to keep our infrastructure running. You know, this should

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<v Speaker 3>be heralded as a really good example of both sides

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<v Speaker 3>working together and coming out with a good plan for

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<v Speaker 3>the city.

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<v Speaker 2>Could you imagine if.

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<v Speaker 3>Norfolk Southern ended up leaving this line and all of

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<v Speaker 3>a sudden we had none of this. My people would say, like,

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<v Speaker 3>where are council members on this? Where was Cincinnati Southern Railway?

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<v Speaker 3>You know, that's why we were active with this, to

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<v Speaker 3>make sure that we protect this asset for the city.

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<v Speaker 1>And in fact, many said at the time, let's not

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<v Speaker 1>do it. You're going to give the politicians' ability to

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<v Speaker 1>spend the money, et cetera. Plus, it's a great asset.

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<v Speaker 1>It's worth a lot more than that. And what would

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<v Speaker 1>you say to those who criticized it in the.

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<v Speaker 3>Beginning, Well, that was very frustrating to me. My biggest

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<v Speaker 3>frustration with those that did criticize it. None of them

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<v Speaker 3>had come to any of our meetings. The people that

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<v Speaker 3>were thellowedest saying this shouldn't happen had not attended one meeting.

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<v Speaker 3>They weren't aware of all the facts, they hadn't been involved.

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<v Speaker 3>I really think in a lot of cases willing as

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<v Speaker 3>you know, as people that just wanted to get on

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<v Speaker 3>the radio or they were running for a different office

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<v Speaker 3>and wanted to have something to run about. I feel

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<v Speaker 3>like if they were really concerned about it, they.

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<v Speaker 2>Could have gone to one of any of us on

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<v Speaker 2>the board.

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<v Speaker 3>To say, help me understand us and talk to us

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<v Speaker 3>about it and you know, maybe provide us with what

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<v Speaker 3>they were thinking. But I don't think that was ever

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<v Speaker 3>the intent. So it was frustrating for me that that happened.

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<v Speaker 3>But you know, we have always had open board meetings.

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<v Speaker 3>Anyone is welcome to come. It's a public board, and

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<v Speaker 3>I think we're in a good, good direction. And you know,

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<v Speaker 3>especially with the economy having had difficulties in the stock

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<v Speaker 3>market the last two months, that we were still able

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<v Speaker 3>to increase it to one point seven billion, I think

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<v Speaker 3>speaks volumes, and you know, we were very careful when

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<v Speaker 3>we picked our broker and who would be managing this money,

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<v Speaker 3>then we had their right mix so that if the

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<v Speaker 3>stock market did go down, you know, we won't be

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<v Speaker 3>losing the money of the citizens in Cincinnati.

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<v Speaker 1>Yeah, it's a key thing to keep our city as

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<v Speaker 1>great as it is despite our criticisms, and I have many,

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<v Speaker 1>there's so many write things about our town and the

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<v Speaker 1>city despite the pre elections. Of money is the heart

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<v Speaker 1>that beats the tri State. And you can't have a

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<v Speaker 1>situation like in Dayton that's sinking Montgomery County or Detroit

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<v Speaker 1>that is sinking Wayne County. At least Cincinnati because of

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<v Speaker 1>the Bengals and the Reds and the banks and the

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<v Speaker 1>Procter and god and Fifth Third Bank and the Joseph

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<v Speaker 1>Automotive Group and Sentas and all the rest. You see

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<v Speaker 1>pill Hill. There's a core in this city that is

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<v Speaker 1>unfamiliar to many other cities. And the corps to make

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<v Speaker 1>sure there are potholes, bridges, the basic infrastructure. And by

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<v Speaker 1>doing this you've enhanced the body of the trust up

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<v Speaker 1>one hundred million. You're doubling more than doubling the money

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<v Speaker 1>to the city, and you've got the Chris Finnings of

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<v Speaker 1>the world out there looking over everybody's shoulder, ready to

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<v Speaker 1>sue in a moment's notice if they start using these

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<v Speaker 1>things for a human capital instead of infrastructure. Well, Amy Murray,

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<v Speaker 1>you're a great go ahead.

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<v Speaker 3>Please please, No, you're absolutely right, And there's always these

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<v Speaker 3>guards on it. And you know, we on the sim

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<v Speaker 3>Space Other and Railway board. We were not elected, but the.

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<v Speaker 2>Money that we send to the city is spent by

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<v Speaker 2>the electeds.

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<v Speaker 3>So there are recalls, there are meetings that people can

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<v Speaker 3>go to. But as a board in when I was

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<v Speaker 3>on the board, that's why we've put up this website

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<v Speaker 3>so that it's even more responsive and more transparent. So

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<v Speaker 3>we want to make sure we're doing everything we can

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<v Speaker 3>to hold the city to make sure it's being spent

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<v Speaker 3>on the right things.

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<v Speaker 1>Amy, Mary, if you thought about getting back into politics,

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<v Speaker 1>if we thought about going door to door, pounding on

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<v Speaker 1>door knobs, have you thought about that ruining your life again?

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<v Speaker 1>Have you thought about that?

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<v Speaker 2>You know what, I've been really good to this right now.

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<v Speaker 2>I'm enjoying what I'm doing, so I appreciate.

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<v Speaker 3>I enjoy being a volunteer and helping with nonprofits and

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<v Speaker 3>things in the city.

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<v Speaker 2>But I'm out of politics for a while.

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<v Speaker 1>Willie and Amy Murray, Yeah, I like you, and I

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<v Speaker 1>like Charlie Lucan. I like Lucan. I went Lucan and

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<v Speaker 1>maybe his chief of staff to seize power once again

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<v Speaker 1>in rule for a thousand years, and we had a

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<v Speaker 1>pretty functional counsel. I'm not so sure about that anymore.

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<v Speaker 1>It's all one way.

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<v Speaker 3>My favorite no, you're right, My favorite thing on the

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<v Speaker 3>board is that I was on it with Charlie Luken

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<v Speaker 3>and Mark Mallory, two previous mayors, as well as Paul

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<v Speaker 3>Sylvester and Paul Musen. And Willie have to tell you,

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<v Speaker 3>this is probably the most functional board I've ever been on.

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<v Speaker 3>Charlie Luken Mark Mallory were very different politically, but we

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<v Speaker 3>all have the city's viewpoint and what we wanted to

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<v Speaker 3>do the city right there.

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<v Speaker 2>And to do it the right way.

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<v Speaker 3>And what's amazing, Willy is you'll know no one leaked

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<v Speaker 3>what was going on. You know, often if you're making

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<v Speaker 3>a big deal, someone's going to leak something and then

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<v Speaker 3>it's going to wreck the deal or make it more challenging.

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<v Speaker 2>And everyone just had the focus on what's best for

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<v Speaker 2>the city and it was so great to work for them.

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<v Speaker 2>So I agree with you. They have done so much

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<v Speaker 2>for the city.

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<v Speaker 1>I like it.

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<v Speaker 2>Charlie work with them.

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<v Speaker 1>You got Charlie Luken, you got Brendan call, you got

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<v Speaker 1>the chief of staff. You've got running things with an

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<v Speaker 1>iron grip. You got Charlie doing inspections late at night

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<v Speaker 1>in Coreyville. I loved it all. But Amy Murray, thank you.

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<v Speaker 1>I wish you. I wish more people like you were

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<v Speaker 1>in public life, like Liz Keating kicked out of office

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<v Speaker 1>by liberal Democrats and now everybody thinks one way. But

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<v Speaker 1>I'm glad the money's in a lock box and hopefully

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<v Speaker 1>Chris Fitting others will keep an eye on it. And

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<v Speaker 1>Amy Murray, thanks again for checking in. But the money's

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<v Speaker 1>about fifty six million, more than double anticipated. Plus the

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<v Speaker 1>body of the corpus of the of the money's going

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<v Speaker 1>up one hundred million dollars in a tough market. Good job,

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<v Speaker 1>congratulations and have a great Memorial Day weekend. Thank you, Amy, great.

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<v Speaker 2>You too, Willik take care.

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<v Speaker 1>God bless America. Let's continue with more if line becomes available.

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<v Speaker 1>Five one, three, seven, four nine seven thousand. Bill Cunningham,

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<v Speaker 1>the Great American live at your home of the Reds

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<v Speaker 1>playing today at five point forty a kickoff six forty

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<v Speaker 1>first pitch with Hunter Green on the mound. Almost sold out,

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<v Speaker 1>plus the Taste, all on news radio seven hundred ww