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Business Development News

Construction begins on $47.3M redevelopment of Washington Park

After years of planning, discussion and debate, construction that will renovate and expand Washington Park will officially begin today in historic Over-the-Rhine. The initial work will include excavation on the north end of the park that will eventually house a 450-space underground parking garage.

Project officials say that the underground garage is what sets the stage for the two-acre park expansion to the north. This expanded park area will include, above the garage, will include a 37,000-square-foot lawn, public plaza, and performance space for programming activities.

“We’re dedicated to returning the park to its original stature as a beautiful, public, green space with a variety of features for all neighborhood residents as well as visitors to enjoy,” said 3CDC President & CEO Stephen Leeper in a prepared release. “Creating great civic spaces like Washington Park and Fountain Square is one of 3CDC’s most important goals. They attract residents, businesses and visitors and truly define the character of a neighborhood.”

Over the past several months citizens have also had input on the design and process in which the renovations take place. One of the primary concerns has been around the disruption to the park itself and how nearby residents might be able to avoid total access denial. To address those issues, 3CDC in partnership with Turner Construction Company and Megen Construction Company have developed a plan that will keep the southern half of Washington Park open during the initial construction phase.

“Creating great civic spaces like Washington Park and Fountain Square is one of 3CDC’s most important goals,” Leeper continued. “They attract residents, businesses and visitors and truly define the character of a neighborhood.”

The project start is a realization of a plan first laid out in 2002 by residents, business owners, and other stakeholders in the historic neighborhood. That plan specifically called for the redevelopment of Washington Park, and the addition of a parking structure that could serve future business and residential growth nearby.

Project officials say that additional park renovations will proceed once the garage site is excavated, and that they anticipate the entire project to be complete by late spring 2012.

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Business Development News Politics

Senate bill would offer tax credit to residential landlords making energy upgrades

State Senator Eric Kearney (D-Avondale) introduced a bill which would create a tax credit for landlords who improve the energy efficiency of their buildings. Senator Kearney hopes that the bill he introduced last month will encourage residential landlords to update their units and lessen the utility costs on their tenants.

“I received complaints from constituents who live in apartments that lack general upkeep and every month they pay for the lack of maintenance” Senator Kearney stated. “My constituents in rental units deserve to live in safe, eco-friendly environments that decrease their utility bills, and Senate Bill 310 provides landlords with positive incentive to make changes.”

If implemented, the bill would give residential landlords a 15 percent income tax credit for making upgrades by installing energy-saving devices, replacing aging appliances with Energy Star-rated appliances, sealing and insulating air ducts, and upgrading exterior wall windows and doors.

Improved sealing and insulation of duct work has been reported as saving as much as 20 percent in energy costs alone.  Senator Kearney says that the idea of making these efficiency upgrades is one that benefits everybody, and one that is particularly relevant in today’s economy.

“Energy costs are rising and given the unfortunate state of our economy few people can afford increased utility bills, especially if they are related to a lack of maintenance.”

The proposed legislation does more than simply promote energy upgrades, it also incentivizes upgrades to historic structures which most often house renters in multi-unit dwellings within the city’s inner neighborhoods.  The news comes on the heels of complimentary legislation introduced by Senator Kearney in September that proposed a 25 percent tax credit for the renovation of homes built before 1950 in low income neighborhoods.

“Both the property and the greater community benefit from home renovations. When homeowners invest in their properties the monetary value of the neighborhood increases along with its reputation.”

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Development News Transportation

Public gets first chance to see modern streetcars in Cincinnati

This past week Cincinnatians were given a chance to tour a modern streetcar similar to those that will operate here beginning in 2013. The particular streetcar on display was manufactured by United Streetcar in Clackamas, OR and has been in testing on Portland’s streetcar tracks since it was built in 2009.

The streetcar is a near clone of the Czech-built Skoda streetcars that have been in operation there since 2001. After a tour of other cities considering streetcar systems, it will return to Portland and enter revenue service there next year. United Streetcar is currently building six new streetcars for Portland’s system expansion and seven streetcars for a new system in Tuscon, Arizona.

The streetcar displayed in Cincinnati can be viewed in action on Portland’s tracks on United Streetcar’s website, or by visiting it in person at 5th and Race streets (map) until Wednesday, November 10.  Below is a video from the first day this modern streetcar was on display in Cincinnati.  Mayor Mallory, business leaders, residents, and visitors gathered to get a look at the vehicle that will soon be running on Cincinnati’s streets.

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Business Development News

OEDA recognizes Cincinnati for industry leading marketing efforts

The Ohio Economic Development Association (OEDA) recognized Cincinnati for its efforts in marketing and volunteerism at its annual summit held last week in Columbus. OEDA officials say that the awards program is meant to recognize the achievements of both individuals and organizations throughout the state in the areas of economic and workforce development.

The City of Cincinnati’s Economic Development Division was recognized for its new Choose Cincy website which debuted earlier this year. The new website replaces a previously buried site on the City’s main page, and has dramatically improved access to information for those interested in the economic and demographic activities in Cincinnati.

“The new website signified a huge step forward on how we communicate with the economic development community as we seek new investors and bring jobs to Cincinnati,” Interim Economic Development Director Patrick Ewing said in a release. “This will help us to further compete in a global economy.”

The other recognition went to Cincinnati Neighborhood Business Districts United (CNBDU) organization for excellence in volunteerism. Two individuals, Mike Wagner and John Price, were specifically identified for their years of service leading the non-profit group that works to improve Cincinnati’s many neighborhood business districts (NBDs).

Wagner and Price started the organization in 1993 and have helped secure roughly $30 million in City funding for nearly 200 capital improvement projects, like streetscaping work, throughout many of Cincinnati’s NBDs.

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News Transportation

Modern streetcar to be on display in downtown Cincinnati through 11/10

If you have not been one of the hundreds of Cincinnatians to make the trip to Portland to see modern streetcars in action, or visit one of the many global cities with them in operation, then tomorrow is a great chance to see one up close and in person.

City officials sent out a message late Thursday stating that the first modern streetcar made in America since the 1930’s will be on display at 5th and Walnut streets in downtown Cincinnati on Friday, November 5 from 1pm to 7pm. Those who are unable to check it out for themselves on Friday will have another chance from 11am to 7pm daily through Wednesday, November 10.

“This is a perfect opportunity to pierce the veil of misunderstanding about what our city is trying to do with this project,” streetcar supporter John Schneider stated in an email.

City officials do note that while the Cincinnati Streetcar may end up being this particular model, the final decision on that has yet to be made, but they say that it will give a great idea for what to expect once Cincinnati’s modern streetcar system is operating in 2013.

The mayor is expected to hold a news conference at 1pm on Friday to discuss the project and this type of streetcar model. After the streetcar leaves Cincinnati it will make its way to Portland to join their existing streetcar fleet.