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Business Development News

Cincinnati Posts Population Gain for Second Consecutive Year

Cincinnati has added about 1,000 new people since the decennial census in 2010, according to new estimates released by the U.S. Census Bureau.

The modest increase comes from two consecutive years of population gains that followed an immediate downward revision after the 2010 Census. The increase also means that just Cincinnati, Columbus and Dayton were the only big cities (more than 50,000 people) in Ohio to post gains.

Columbus and Cincinnati, meanwhile, were the only big cities to post population gains for the past two years.

The population estimates are derived using the 2010 Census as a baseline and then factoring in new permitted residential construction and mobile homes, and subtracting out the estimated number of homes lost each year. As a result, all of the annual estimates should come with a grain of salt.

Ohio Cities Comparison

With that said, Dayton’s population gains appear to be an anomaly, while the increases in Columbus and Cincinnati appear to be more rooted. In any case, the news for Ohio’s big cities is not good as the rest all lost population, especially those in the northeastern part of the state.

Columbus continues to stand out from the rest of Ohio’s big cities in terms of its population trends. In this latest estimate release, Columbus posted the fifteenth largest numeric population gain of any municipality in America; and it comes on the heels of equally impressive gains in prior years.

Some observers, however, would attribute some of the gains in Columbus to its unusually large municipal boundaries that include what would be far suburbs in other Ohio regions.

While Columbus has been growing by about 1.5% annually over the past several years, Cincinnati has been growing annually by about 0.25%.

When compared with other peer cities, Cincinnati’s gains look even more tepid.

Peer Cities Comparison

Of fifteen other cities competitive with Cincinnati, the city bested only five of them in terms of population growth, while being significantly outperformed by most all others. In this comparison, even Ohio’s best performer – Columbus –fares only reasonably well against the field.

For Cincinnati’s peer cities, national trends appear to hold true. Southern cities continue to grow at the fastest clip, but their growth rates are leveling off. In our comparison, Austin, Atlanta and Tampa have all experienced significant declines in annual population growth since the 2010 Census. Charlotte has also experienced a similar trend, but appears to be holding steady more so than its Sun Belt peers.

Meanwhile, while many Midwestern cities continue to lose population, they are doing so at a slower rate or have stopped the losses entirely.

As we previously examined on UrbanCincy, the Cincinnati region continues to grow by about 0.4% annually. The City of Cincinnati’s 2013 gain represents approximately 12.5% of the total regional population growth, and half of Hamilton County’s increase last year.

In a nutshell, Cincinnati is over performing regionally, but under performing amongst its peers. If Cincinnati were growing as fast as Charlotte or Austin, the city would be adding around 9,000 new people every year.

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Business Development News

Construction Work on $30M Corryville Apartment Project On-Pace for Fall 2015 Completion

Uptown Rental Properties is making progress on their latest development in Corryville. This one, called VP3, is located on Euclid Avenue between Corry and Charlton Streets, and will add 147 units with 300 beds to the neighborhood. If all goes according to plan, the $30 million project will open in the fall of 2015.

The site previously included seven homes and a suburban-style Fifth Third Bank retail branch, and is located across the street from the planned site for a new Kroger grocery store.

Corryville has seen a wave of private investment recently that has added hotel rooms, apartments, and retail and office spaces. Much of that investment has come from Uptown Rental Properties, which has constructed hundreds of new residential units and injected thousands of new residents into Corryville over the past several years.

According to Dan Schimberg, president of Uptown Rental Properties, the demand for additional housing units in Corryville is so strong that they have revised their original plans over the years to try to serve the market.

“There is such an incredible demand for housing on the east side of campus,” Schimberg told UrbanCincy. “Originally our plan was to build housing for 1,200 people on Short Vine, but now we’ve increased that total to 1,600 by 2016.”

For better or worse, all of this development is changing the face of Corryville.

But unlike many of the company’s other developments surrounding the University of Cincinnati, it is not just students occupying the residential units being built in this area. According to Schimberg, more than 30% of the total residents are non-undergraduate students, compared with just 3% on the south side of campus – something he attributes to the growing demand for urban living.

“Three of the top five largest employers are in Uptown, and then have been adding thousands of jobs over recent years,” Schimberg explained. “What we’re seeing is a demand for workforce housing on the east side of campus from a desire for people to live in a more urban environment.”

In addition to the increased demand for urban living and the rapid job growth nearby, Schimberg believes the improvement of Uptown neighborhoods is also keeping and attracting residents in a way he has not seen since starting Uptown Rental Properties nearly 30 years ago.

It is expected that work will wrap up on the four-story VP3 development in the fall of 2015. At that time, a new 550-space parking garage, being built in coordination with this project, will open and provide some 225 public parking spaces for the Short Vine business district.

“The addition of these new residents is providing the core demand for the retail, and the residents get to benefit from those nearby services,” Schimberg continued.

Due to the philosophy of wanting the retail and residential to benefit one another, Schimberg said that the public portion of the parking garage is being built solely to help bolster the business on Short Vine. As a result, Uptown Rental Properties and the City of Cincinnati are sharing the costs for the garage.

Since developers are pursuing LEED Gold certification from the U.S. Green Building Council, the project will be eligible for the City of Cincinnati’s LEED Tax Abatement.

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Development News

PHOTOS: Cincinnati’s Dramatic, Decade-Long Transformation Visualized

The changes that have been taking place in Cincinnati over the past decade have been felt and noticed by many. There is a palpable buzz surrounding the Queen City these days.

The city’s central riverfront has almost entirely been transformed following billions of dollars worth of public and private investment, Over-the-Rhine’s renaissance continues to be touted nation-wide as one to be admired, and thousands of more residential units are being developed in the center city as we speak.

For those who live outside the city and may not have been back recently, or for those out-of-towners who have not yet been able to make a visit, it could be difficult to even recognize some places now.

Thanks to a new feature from Google Street View, we can now go back in time and compare Google’s most current Street View images with those they have taken since 2007 when they started the service.

Here’s a look at some of Cincinnati’s more visually impressive transformations, but it is certainly not all encompassing. Simply drag the arrow bar back-and-forth to compare the old and new images.

Clifton Heights at W. McMillan Avenue and Ohio Avenue:

Clifton Heights in September 2007
Clifton Heights in September 2012

 

Evanston at Dana Avenue and St. Francis Way (formerly Woodburn Avenue):

Xavier University September 2007
Xavier University August 2012

 

Over-the-Rhine looking south on Vine Street near Fifteenth Street:

Vine Street September 2007
Vine Street June 2012

 

Over-the-Rhine looking north on Vine Street near Fourteenth Street:

Vine St September 2007
Vine St June 2012

 

The Banks at Freedom Way and Walnut Street:

The Banks July 2007
The Banks September 2012

 

Smale Riverfront Park along Mehring Way at Main Street:

Smale Riverfront Park July 2007
Smale Riverfront Park August 2012

 

Avondale on Burnet Avenue near Northern Avenue:

Mt. Auburn September 2007
Mt. Auburn June 2012

 

Columbia Tusculum at Delta Avenue and Columbia Parkway:

Columbia Tusculum August 2007
Columbia Tusculum June 2012

 

College Hill on Hamilton Avenue near Elkton Place:

College Hill August 2007
College Hill September 2013

If you are having difficultly viewing both the before and after images, try to just drag the arrow bar back-and-forth instead of clicking on the images in an attempt to reveal the after.

And for what it’s worth, we totally stole the idea for this post from The Washington Post. What other areas did we miss? Let us know in the comment section.

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Arts & Entertainment Business News

Performances Kick-Off This Evening for 11th Annual Cincinnati Fringe Festival

After an eclectic parade on Monday and a kick-off party last night, the 11th annual Cincinnati Fringe Festival officially gets started today with its first round of performances.

The 12-day event has become a national draw over the years, and organizers expect more than 8,000 people to attend this year’s festival. As expected, the 2014 rendition will boast an impressive collection of 38 unique productions and more than 160 performances at a dozen venues tightly clustered in Over-the-Rhine.

“This year’s festival is one of the biggest ever,” said Eric Vosmeier, Producing Artistic Director at the Know Theatre. “We had a record number of FringeNext applications, our high school artist version of the Fringe, and subsequently added an additional slot to FringeNext because the applications were so strong.”

 

Vosmeier also said that he is excited about the three international acts, two from the United Kingdom and one from Israel, at this year’s festival.

The growth and increasing popularity of the Fringe Festival has seemingly mirrored that of the neighborhood is has called home. That trend, however, is now also posing some problems as available, low-cost venue locations are harder to come by.

“We’re thrilled that the neighborhood has reached a critical mass of stable and thriving businesses, but the challenge this poses to our festival is real,” Vosmeier explained. “There was a time when empty storefronts were always available. There was a time when neighborhood landlords shared space at low or no cost – I remember a couple of years when my venue rental costs were $0.”

Vosmeier says that venue costs for this year’s festival were closer to $8,000, and says that organizers are looking to do everything in their power to keep the nearly two-week event in this area of Over-the-Rhine for the foreseeable future, but also realize the challenges they faced this year will probably not be going away.

Fortunately, he says, long-time supporters like Coffee Emporium, Art Academy of Cincinnati and Urban Sites continue to come through with a number of guaranteed venues each year.

The hard work put in by volunteers and Know Theatre employees is something that has helped make the festival a favorite for participating artists who are treated to the country’s smallest application fee, free housing, no participation fees and the opportunity to learn from other artists during the festival’s workshop and development series.

“We have tried to create the most artist-friendly festival possible,” said Vosmeier. “We have ample, but not the biggest box office payouts, but because we make it nearly free of costs for artists to play with us, they see the value in coming to Cincinnati’s Fringe.”

Such treatment has not only benefitted the artists, but also the festival itself. According to organizers, rolling out the welcome mat in such a way has helped foster an “extremely loyal” set of artists that are always looking to participate in Cincinnati’s annual Fringe event. Those loyal artists then, in turn, become ambassadors to other artists, of which 90% are referred by past artists.

Vosmeier also says that the return of these artists year after year better positions the city when those individuals consider relocation.

“I am currently talking with three individual artists who are seriously contemplating a move to Cincinnati, and it’s all due to their experiences stemming from the Cincinnati Fringe Festival,” Vosmeier emphasized. “Artists can be fickle and to have helped create a festival that makes an artist think ‘I might like to move to Cincinnati’ makes us feel like we’ve accomplished something pretty extraordinary.”

After organizing the festival for many years, however, Vosmeier has said that he will step down from his leadership role at the Know Theatre after the last performance concludes next Saturday.

“Working on this festival has truly been one of the privileges of my career. I love virtually everything about it,” Vosmeier told UrbanCincy. “We certainly have challenges each year. But in the end, this event fills us with so much joy and appreciation for our city, these amazing artists, and our audiences that it’s hard to focus on anything but the unique pop-up community that we create for twelve ridiculously invigorating days.”

Those who want to participate in one or more of the 12 invigorating days can do so by purchasing tickets online for just $12. The first performances get started this evening at 7pm. A full schedule for the 2014 Cincinnati Fringe Festival can be downloaded and viewed online.

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Business News Politics

What Does Cincinnati’s Nativity Rating Mean for Its Long-Term Migration Prospects?

Cincinnati has a migration problem that is two-fold. First, it lags behind most major metropolitan regions in North America when it comes to attracting international migrants. Second, and perhaps more significantly, is that the region has a stagnant domestic population.

This is not because domestic migrants are any more or less important than international migrants. But rather, it is because stagnancy is a major problem for cities.

As many demographers and social scientists have pointed out, focusing public policy on retaining existing talent is a bad approach. In fact, large movements of people out of one region can be a very positive thing. That is, of course, if it is balanced out by a large influx of people into that same region. This is the case for North America’s largest cities, and is also evidenced at a larger scale in California.

But beyond that, older Midwestern cities with a large cluster of high-quality universities also seem to export more people than they import. That, in and of itself, is not the problem.

“This notion of the university as a “factory” gets very close to the truth,” Aaron Renn, owner of The Urbanophile, wrote in 2010. “A friend of mine noted that if we treated steel mills like universities, Indiana would be obsessing over “steel drain” and spending hundreds of millions of dollars on programs to try to keep steel from leaving the state.”

Renn went on to say that the notion of doing such a thing would be ludicrous, and that it is important to understand the details of what is really going on when it comes to a region’s migration patterns.

“Migration does matter. Any city that thinks it can be blasé about this is fooling themselves,” wrote Renn in a separate piece. “On the other hand, surface numbers only tell us so much. We need to understand the dynamics going on underneath the hood.”

By most comparative measure, Cincinnati actually does very well compared to many places at retaining its population. The problem is that it does very poorly at bringing in new people from outside the region.

Based on five-year estimates from the American Community Survey, this stagnation can be clearly seen.

Perhaps not surprisingly, the areas of the Cincinnati Metropolitan Statistical Area (MSA) which have the highest percentage of people living there that were born in another state are near state borders. Since the Cincinnati MSA stretches across three states, you can see that movement of Ohio residents to southeastern Indiana and northern Kentucky has boosted numbers in those locales.

On average, approximately 68% of the 2.2 million person Cincinnati region was born in the state where they currently reside. Meanwhile, Uptown and Cincinnati’s northeast suburbs appear to be the only parts of the region that are actually attracting newcomers to the region.

Another key finding here is the utter lack of movement of people into or out of Cincinnati’s western suburbs, which have a native born population between 80-100%. This number is roughly comparable to most rural areas in Ohio, Kentucky and Indiana.

The Cincinnati region, however, is not alone when it comes to a stagnant population.

While Columbus was seen as a leader amongst big cities in terms of its domestic migration rate, it appears that Columbus is merely attracting new residents to its region from elsewhere in Ohio. Almost the entire Columbus MSA has a native born population between 60-80%.

The numbers are even worse for the Cleveland MSA, which, on average, has a percentage of native born population higher than the average for Ohio, Kentucky and Indiana. This is in spite of the Cleveland MSA attracting more international migrants than any other in the three-state region.

Even though Cincinnati continues to post modest annual population growth, it continues to be on the outside looking in when it comes to North America’s most economically successful cities. If Cincinnati wants to just focus on attracting existing Americans to the region, then it should look to Houston, Dallas or Atlanta, which are all hubs for domestic migration.

This scenario, however, seems unlikely since each of those regions is positioned uniquely in terms of their economy or their geographic location. So, if Cincinnati is to really ramp up its population growth, it better look at what other metropolitan regions are doing to make themselves more attractive to international migrants.

Perhaps Mayor John Cranley’s new, yet-to-be-unveiled initiative can help with this. But does he or his administration actually know what is going on underneath the hood?