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Business Development News

Redeveloped warehouse to include largest solar photovoltaic project in the Midwest

Cincinnati-based Neyer Properties is working on $4 million worth of improvement to a large structure along I-75 in Sharonville. The 1.1 million square-foot building will soon become a “major distribution hub” for Hamilton County while also becoming the largest solar photovoltaic project in the Midwest.

While officials expect the redevelopment of Gateway 75 to increase tax revenues and spark additional investments in downtown Sharonville, the development’s focus on sustainable building practices is what has caught the eye of many in the industry.

“Energy savings at Gateway will average 40 to 60 percent annually compared to power generated by fossil fuels,” said Dan Neyer, president of Neyer Properties. “This is a great opportunity for companies that want to lease space at a building that not only saves energy and the planet, but saves on utilities, too.”

In addition to the seven-megawatt solar plant on the roof of Gateway 75, developers hope to make the structure the first LEED-certified industrial building in Ohio and one of only 51 in the nation.

Once installed in 2011, the rooftop solar plant will be leased to a third-party, through a Power Purchase Agreement, that will operate the utility and then sell back the power to Neyer. Developers say that the solar energy generated at Gateway 75 is the equivalent of offsetting roughly 10 million pounds of carbon per year.

Sharonville officials also state that the successful completion of Gateway 75 will result in a major economic gain for the city, and as a result, have contributed $1.8 million in tax increment financing (TIF) to the project. A fully occupied structure, analysts say, will lower bulk warehouse vacancy rate in the Sharonville area from 30 percent to 6 percent.

Developers are finalizing improvements to the building now, and will complete the project as tenants are secured for the refurbished warehouse space.

Categories
Development News Politics Transportation

Cincinnati secures full funding for first phase of modern streetcar system

The Transportation Review Advisory Council (TRAC) of the Ohio Department of Transportation (ODOT) announced yesterday that they have unanimously recommended an award of $35 million for the construction of phase one of the Cincinnati Streetcar. The $35 million award means that the first phase of Cincinnati’s modern streetcar system is now fully funded.

To date, the Cincinnati Streetcar has secured $150 million through a variety of public and private resources to fund the first phase of the system which is estimated to cost $128 million.

“Today was a great day for our streetcar project,” exclaimed Cincinnati Mayor Mark Mallory in an email yesterday. “We now have the full amount needed to complete the first phase. This will help grow our city and improve our financial future.”

In addition to $35 million for construction, TRAC also recommended $1.8 million for planning and preliminary engineering work for phase two of the project which will extend further throughout Cincinnati’s uptown neighborhoods.

The Cincinnati Streetcar project scored 84 out of a possible 100 points in TRAC’s ranking – by far the highest total of all transportation projects from around the state. As a result of that robust score, ODOT officials approved TRAC’s $15 million recommendation for the Cincinnati Streetcar project in May 2010.

During recent budget debates, some advocacy groups have lobbied against the Cincinnati Streetcar project and said that the money should be instead used for other purposes – mainly preserving police and fire sources.  City officials have responded by repeatedly stating that the capital funds identified for the Cincinnati Streetcar are restricted funds that can only be used on capital projects – not operating expenses like personnel. Furthermore, city officials also believe the streetcar investment will return an estimated $3 for every $1 invested.

“In light of the budget problems facing the city, I am convinced that we must use every economic development tool we can to bring residents, jobs, businesses – and tax revenue – to the city,” explained City Manager Milton Dohoney. “Together, the streetcar, casino, The Banks, 21c Hotel, and other investments generate bigger returns that will stabilize and grow our local economy.”

Once complete, the system will be managed and operated by the Southwest Ohio Regional Transit Authority which currently manages and operates Metro bus service. Phase one of the Cincinnati Streetcar is expected to take on its first passengers in spring 2013.

Categories
Development News Transportation

Cincinnati to examine bus rapid transit as part of expanding transit network

As Cincinnati moves forward with the development of the Midwest’s first modern streetcar system, a political leader is pushing for even greater transit improvements that would compliment an increasingly diverse collection of alternative forms of transport.

Cincinnati Vice Mayor Roxanne Qualls is proposing a robust network of bus rapid transit (BRT) that would connect the region’s commuters with major employment centers like Uptown and Downtown. Qualls believes BRT is a cost-effective and innovative transit strategy.

“Bus rapid transit incorporates many of the advantages of light rail, but is cheaper and can be implemented quickly,” Qualls said in a prepared statement. “Cities around the world and the country are giving commuters a great transit option now with rapid transit.”

Many cities around the United States and internationally are beginning to look at BRT more closely as a cheaper alternative to building dedicated rail transit systems. After first being popularized in Bogotá, Columbia, bus rapid transit now exists in 33 cities throughout the world with an additional 22 systems planned.

What differentiates BRT routes from other bus routes is the dedicated lanes they use. These dedicated corridors are often complimented by signal prioritization and timing that allows for faster travel times over long distances.

“Cities are looking to rapid transit to meet increased commuter demand and to spur development,” Qualls stated. “Because the conversion to rapid transit is faster and cheaper than developing light rail, it is an important interim step that helps build transit ridership and provides a great service in the near term.”

While some transit experts agree that BRT can serve as an integral part of an overall transit system, others believe that BRT can be compromised when pitched as an inexpensive alternative to light rail.

“If you look at Oakland, who was studying BRT, they’ve been working on the project for a long time and recently had the City of Berkeley decline to even study dedicated lanes even though that was the plan all along,” explained Jeff Wood, Chief Cartographer, Reconnecting America.  “They felt like they could do it cheaper than light rail, but now they aren’t even going to get any of the benefits of bus rapid transit.”

As part of Vice Mayor Qualls’ motion, BRT would be a portion of a larger multi-modal transit plan that would include the streetcar and light rail according to Cincinnati’s existing rail plan. Major corridors would include I-75, I-71, Queen City Avenue, Harrison Avenue, Vine Street, Reading Road, Madison Road, and Martin Luther King Drive. Qualls suggested the city aggressively pursue state and federal funds to pay for the development of bus rapid transit.


Those interested in learning more about bus rapid transit have the opportunity to meet with BRT expert Jack Gonsalves at the OKI Regional Council of Governments Board Room (map) on Monday, December 6 at 1pm.  Gonsalves will be joined by a variety of local leaders to discuss BRT and how it might be developed in Cincinnati.

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Arts & Entertainment Business News

Cincinnati subway book signing this weekend at Neon’s

UrbanCincy’s transportation writer, photographer and videographer Jake Mecklenborg has recently had his book documenting the complete history of Cincinnati’s notorious incomplete subway published. The book dives into the details of the politics, economics, and structural elements of the never completed rapid transit system, and it discusses what might be in store for Cincinnati’s transit future.

Those interested Cincinnati’s Incomplete Subway: The Complete History can join Mecklenborg at Neon’s Unplugged (map) this Saturday, November 27 at 6pm. He will reportedly give a brief presentation on the book and his findings, then open up the discussion for questions and answeres from the audience.

The book retails for $20 and will be available for purchase at this event. Mecklenborg will also be available to personally sign copies of the book for those in attendance buying it for themselves, or someone else as a gift this holiday season.  The event at Neon’s is free and open to the public.

Categories
Arts & Entertainment Business News

The beautiful contradiction of Seoul

Seoul is a contradiction. It is a massive, cosmopolitan city with more than 24 million inhabitants. The city is culturally rich, historically significant, but also young,  trendy, and a modern day economic powerhouse. But how then does the city also give off a timid, often conservative, feeling as well? The answer is, predictably, explained through the people that populate the buildings, streets, and urban environment.

I have been in Seoul for just over a month, and the contradictions are striking. The rich culture is what I believe keeps the people here so grounded and driven. Koreans want to be the best, they want to please, and they sacrifice in order to make your experience better. This is not something you would expect from a city with a young population that has also seen a relatively massive surge of foreigners enter its borders over the past 20 years.

So far I have not done nearly as much of the “must do” touristy things as I should have, but I have made some terrific Korean friends. Instead of checking out the palaces (which I plan to do) or posing for pictures on Namsan Mountain or atop Seoul Tower, I have instead spent my time living as much like a local as possible. I have been working long days and weeks, but I have been playing hard too – something for which Koreans are somewhat notorious.

One of my favorite things to do, besides karaoke, is to grab food from one of the omnipresent street vendors. While some cities in the United States might try to stand toe-to-toe with Seoul in this weight class, they might not realize what they are up against. To fully understand Seoul’s street food culture you must think beyond the meat on a stick, Ddeokbokki (spicy rice cakes), or the utterly delicious Hoddeok (honey, cinnamon-filled pancakes). Pojangmacha (tent restaurants) can be found in most districts throughout the city and they are where you can find some of the wildest food offerings, and one of the most humbling and interesting experiences you could ask for when dining on the curb.

Pojangmacha can range in size from a small tent that seats about four people inside in addition to the small grill working away, to a huge tent that seats dozens and dozens. Primarily known for being cheap places for drinking Soju or beer, the idea is that these are locations where everyone can sit down, eat, and drink regardless of social or economic standing. As a result you often find an interesting mix of people inside the cozy tent restaurants, and it is something that you must try while visiting Seoul or other major cities throughout Korea.

While much of Korea’s growth has occurred in the past three decades, you can still find very significant historic neighborhoods and landmarks almost all throughout the city…even if they might stand in the shadow of a massive, homogeneous and block-style apartment complex. One such district is Bukchon which is located just around the corner from my hotel, and the encroaching skyscrapers, and is famous for its collection of traditional Hanok homes. Bukchon manages to maintain its unique street configuration and almost entirely pedestrian focus even as modernization might be standing in its future.

Contradictions can be frustrating, but they can also be invigorating as is the case with Seoul. I have immediately fallen for the city and its people. There is a sense of calm here amidst the “Bali Bali!” rush that is comforting. It is a comfort might be best explained by saying you can make yourself heard, without raising your voice.

The collection of photographs from November 2010 features images from Bukchon, Insa-dong, Jongro, and Kangnam.