( Cincinnati ) ** Update 4-2-13, 12:00pm ** The city has already lost one development and stands to lose more because of opponents to a plan to lease out parking operations for $92 million upfront. That's what Mayor Mark Mallory said Tuesday, surrounded by council members who voted to approve the plan. A lawsuit filed by opponents and a ruling by Judge Robert Winkler is now preventing the city from using emergency clauses, meaning legislation that is time sensitive and needs to take effect immediately, cannot take effect for at least 30 days.

Mayor Mallory says that has led to the conversion of a building in Mt. Auburn into apartments has been scuttled. 

The referendum process has already put more than 300 city jobs on the line. If the issue goes to voters, city leaders say the layoffs will occur, because they need a balanced budget by July 1st.

Mayor Mallory accuses petition gatherers of spreading misinformation about the parking plan and urged everyone to read it for themselves: click here.

Original story:

Mayor Mark Mallory is holding a news conference on Tuesday morning to address the opposition to a plan to lease out parking operations. City Council voted in favor of the plan, but a judge stopped it and has ordered the city to let the referendum process play out. 

For the last three weeks, members of COAST have been gathering signatures to put the effort on the ballot. Last week, the mayor and City Manager Milton Dohoney announced that without the parking plan, the city would be forced to lay off more than 200 workers, mostly firefighters and police officers. The news conference is at 10:30am.