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Business News

URBANexchange returns this Wednesday to Moerlein Lager House

After a nearly two-month break, the UrbanCincy team is proud to kick-off the 2013 season of URBANexchange events.

Following a successful pilot run last year, URBANexchange will return this Wednesday for a full year of events at the Moerlein Lager House.

“Dozens of people excited about cities and Cincinnati’s urban core showed up at last year’s events, and we’re really excited about the possibilities for a full year’s worth of URBANexchanges in 2013,” said Randy Simes, Owner & Managing Editor of UrbanCincy.

2013 URBANexchange Events

UrbanCincy will be giving away prizes at each of the events in 2013, with a custom tile of Carew Tower (image) from Rookwood Pottery being given away at February’s URBANexchange courtesy of Downtown Cincinnati Incorporated.

The collection of events in 2013 will take place on the first Wednesday of each month to avoid conflict with weekly bike rides that occur in warmer weather, and when there are no home Reds baseball games. The group will always meet in the northwest corner of the Moerlein Lager House’s biergarten – closest to the ‘Moer to Go’ window and outdoor bike racks.

“We are really excited to continue to offer a monthly event where fellow urbanists can get together, share ideas, and expand their social networks,” stated Simes. “The goal with our URBANexchange events is to not create a platform for one-way presentations, but rather create an opportunity for city supporters in the region to get together and meet one another.”

URBANexchange events are always free and open to the public, and take place from 5:30pm to 8:30pm at the Moerlein Lager House (map) within Cincinnati’s Smale Riverfront Park. Those interested in attending are welcome to come and go anytime during the event, and friends are always encouraged.

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Up To Speed

Washington D.C. plans $26B rail investment as Cincinnati moves on first

Washington D.C. plans $26B rail investment as Cincinnati moves on first.

As Cincinnati moves forward with construction of the region’s first rail transit, many residents are now looking forward to what might be next, and how to best connect the growing metropolitan area via rail. Meanwhile, in the nation’s capital, the Washington D.C. Metro has proposed $26 billion worth of upgrades to its already extensive system. More from the Washington Post:

Metro’s top managers are proposing a new rail tunnel under the center of the District, a second tunnel under the Potomac, and they estimate the transit agency will need $26 billion over the next three decades to pay for those and other improvements to an aging system that is falling behind the region’s needs.

The proposed new rail tunnels — one under 10th Street to Thomas Circle and another between Rosslyn and Georgetown and on to Thomas Circle — would be massive undertakings. The projects would require major financial commitments from local and federal governments and would take several years to plan and several more years to complete.

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Up To Speed

Would elimination of the gas tax increase infrastructure investment?

Would elimination of the gas tax increase infrastructure investment?.

With user fees only covering approximately 51% of the costs to build and maintain roads, some are suggesting it’s time to change the way we fund our transportation infrastructure. One of those suggestions is to get rid of the gasoline tax altogether. More from Bloomberg:

As a result, “getting back our share” has become the key objective, so that every state now gets as much (or more) money in transportation grants as it pays in federal gas taxes. Along with the money, the federal government issues various rules for spending it, many of which require the states to put in some of their own money, too. It’s common to hear state transportation officials say that the feds provide 25 percent of the money and 75 percent of the hassle.

Eliminating the federal role would enhance state autonomy and streamline decision making. What’s more exciting is that it would also lead to more and better spending on transportation. In poll after poll, Americans say they are willing to invest in roads and bridges, as long as it brings about improvements they will use. This isn’t just talk; state and local referendums on raising taxes or issuing debt to pay for transportation projects usually pass.

However, people don’t generally support raising the gas tax, for the simple reason that they think their current gas taxes, which are mostly federal, are wasted. Thus, the federal gas tax has become both a ceiling and a floor. It makes raising state gas taxes unpalatable. And since states get back at least what they contribute, the tax encourages them to keep spending even if they don’t really need more roads.

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Business Development News

PHOTOS: The fire that almost took down Cincinnati’s iconic Old St. George

Today marks the five-year anniversary of the fire that nearly destroyed one of Cincinnati’s great 19th century landmarks, and took down the Old St. George’s iconic twin steeples.

Designed by famed Cincinnati architect Samuel Hannaford, the western steeple at Old St. George caught fire and quickly spread to the adjacent steeple. The electrical fire on February 1, 2008 brought an ignominious end to the steeples that stood handsomely above Calhoun Street for 130 years.

Old St. George
A bizarre electrical fire claimed the iconic steeples of Old St. George on February 1, 2008. Photographs by Jake Mecklenborg for UrbanCincy.

Those who feared what remained of the church would be condemned awoke the next morning to news that the sanctuary and towers suffered no critical damage, but within days, crews removed what remained of the steeples and installed caps over the towers.

The church saw a variety of reuses throughout the 1990s following its closure as a place of worship in 1993 when it was merged with St. Monica’s just six blocks away. Since going into foreclosure in 2004, however, the building has sat vacant with the occasional redevelopment proposal, including one that would have demolished the structure for a new Walgreens.

In response to the proposed demolition, the Clifton Heights Community Urban Redevelopment (CHCURC) purchased Old St. George for $1.6 million. Since purchasing the building in 2005 very little has happened.

“Part of our mission is to preserve architecturally significant buildings in the neighborhood,” Matt Bourgeois, CHCURC Director, told the Business Courier in March 2012. “It’s one of the more prominent buildings you’re ever going to find.”

Current plans call for the historic church to undergo a $22 million renovation that would transform the space into an 80-room hotel and events center.