If Cincinnati sells its railroad, where would the money go?


FILE - A Norfolk Southern freight train makes it way through Homestead, Pa. on April 27, 2022.

If Cincinnati voters approve Issue 22 to sell the city railroad, who’s in charge of the money and will safeguard against wasteful spending?

Sixteen financial institutions – including Cincinnati’s own Fifth Third – have applied for that job, city officials revealed to The Enquirer. Two other firms are also based locally: FEG Investment Advisors in Downtown and Sycamore Township’s Ascension Wealth Management.

The other 13 firms are: Callan; Clearstead; Cook Street Consulting, Inc.; John W. Bristol & Co., Inc.; Marquette Associates, Inc.; Meketa Investment Group; NEPC, LLC; Northern Trust; PFM Asset Management; Segal Advisors; UBS Financial Services, Inc.; Verus Advisory, Inc.; and Wilshire Advisors LLC.


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