Category: Development

Categories
Development News

Tour of The Banks – February 2010

Earlier this month just a few hours before a February snow blanketed the Cincinnati area, UrbanCincy was invited on a hard hat tour of The Banks construction site. The event was hosted by Messer Construction as a way to get show off some of the recent progress made along the Ohio River. News was recently made about vertical construction starting above ground, but Messer has been diligently plugging away at the “dirty” work of the project for quite some time now.

As we went through the safety briefing, we were told that the project now stands at over 160,000 hours worked without a lost time accident which was clearly something of which the group was very proud. They have very strict controls in place to help ensure that all the workers are safe and able to put forth their fullest effort, and made sure we followed all their rules as we entered the work site.

After the briefing it was time for a tour, and while our photos from the trip will likely better show you the story of what we saw, the best way to describe this project is BIG. While that is probably evident if you drive by the site, it took on a whole new meaning as we walked around inside the garage.

Once everything is complete, there will be seven acres of parking and you will be able to go in at Paul Brown Stadium and emerge at Great American Ballpark. The best part of course is that these garages will be topped off with development and green space which give it a great multi-use functionality. For perspective, a similar (and much grander) project would be Boston’s “Big Dig.”

The other part of the story that became a bit clearer upon our visit was the difference between The Banks and Central Riverfront Park. While they share much of the same infrastructure, project manager Dave Prather was able to help draw a picture about what the park will offer. If you go past the site these days you will be able to see where the garage stops and everything south of that will be the park, while everything north is considered part of The Banks. According to Mr. Prather, Phase I remains on track with an expected opening in April of 2011 which includes the Moerlein Lager House.

Enjoy the pictures, some of which were taken by Jake Mecklenborg. Messer seemed interested in making these hard hat tours a regular event, so stay with UrbanCincy for more developments as progress on The Banks continue.

Categories
Development News Politics Transportation

Where would they all park?

Metro, the non-profit that operates Cincinnati’s bus system, is facing a budget deficit of $16 million in 2010. To preempt this crisis, officials in December elected to reduce service on virtually every route, and eliminate some routes entirely (new schedules). Many Cincinnatians values Metro’s presence because it is a critical service for residents and visitors alike, but some remain hard to convince.

Metro’s important role in Cincinnati goes beyond the obvious. For example, there simply is not enough parking downtown to eliminate bus service. If Cincinnati were to eliminate Metro entirely, the city would need 127 acres of additional parking.

According to Carter Dawson, the group that is managing The Banks development on the riverfront, 85,000 people work in downtown Cincinnati, and according to Metro, 20 percent of them commute using the bus. Therefore, 17,000 people ride to bus downtown to work each day. The amount of space needed for each parking space is estimated at 325 square feet after factoring in space needed for access lanes. As a result, Cincinnati would need to add more than 5.5 million square feet of additional parking space, or about 127 acres.

The land area bounded by 3rd Street, Race Street, Central Parkway, and Sycamore Street is about 130 acres (map created here).

Cincinnati simply cannot afford to throw away 127 acres of prime real estate. Not only does downtown hold some of the region’s most lucrative businesses that would have to go elsewhere, but the tax revenue lost by this displacement would be catastrophic as well. In addition, roadways would need to be expanded to accommodate the increased traffic, stealing even more valuable downtown space. Residents would also be displaced, taking with them the income tax revenue on which the city relies. Cincinnati cannot afford to eliminate Metro. Instead, policymakers ought to be seeking ways to bolster this community asset.

Categories
Business Development News

Taco Azul to open this March

Cincinnati’s newest food truck, Taco Azul, will hit the streets late this March according to owner Gary Sims. Once open for business, Taco Azul will bring a Los Angeles-style taco truck to Cincinnati with a variety authentic Mexican favorites hard to find locally.

There will be a variety of taco choices including the traditional taco pastor. In addition to tacos, Taco Azul will have burritos, quesadillas, and more traditional Mexican dishes like sopes and tortas. On the weekends Sims says that they will be serving menudo – a popular weekend soup great for hangovers. When available, Taco Azul also plans on offering ceviche and lengua. Maybe more exciting than anything else is the fact that horchata will also be on the menu.

“We are looking into no animal lard beans for our vegan friends,” said Sims who also stated that their produce will come from local farms and that their meats will be local and range free whenever possible.

Stay tuned over the coming weeks as Taco Azul works out the final details for their new truck and continue to revise their menu (through user feedback of course). Right now their Facebook Page is the best way to stay connected, but once they start rolling around Opening Day their Twitter account will probably be the best bet.

Categories
Development News Politics Transportation

Ohio receives $400M for high-speed rail

The winners have been chosen, and Ohio’s efforts to land money for rail service along the Cincinnati-Columbus-Cleveland (3-C) Corridor have been successful. Today it has been announced that Ohio will receive $400 million for track upgrades, grade crossings, new stations, and maintenance facilities.

Meanwhile the larger Midwest region pulled in a collective $2.6 billion which was second only to the West Coast region which nabbed an impressive $2.942 billion of the total $8 billion available. Secretary of Transportation, Ray LaHood, views this as an investment that will make passenger rail more efficient while also providing better service in travel markets across the nation.

  • High-speed rail travel offers competitive door-to-door trip times
  • It reduces congestion on key routes between cities
  • It reduces transportation emissions
  • And, most of all, it creates the jobs of the future, the jobs America needs right now

For Cincinnati there are still questions though about a station location. The $400 million is a significant investment, but will still not enough to cover the $517.6 million needed to extend the line through one of the nation’s most heavily congested rail yards to Union Terminal. Additional track to run the line all the way to Lunken Airport might also prove be to costly according to project officials.

Ken Prendergast, executive director of All Aboard Ohio, responded to those questions by saying, “The state could trim costs by using rebuilt, rather than new, passenger cars and by ending the route in Sharonville rather than at Lunken Field, and when there is enough money run trains to Union Terminal.”

The 250-mile 3-C Corridor has long been seen as one of the nation’s most promising rail corridors with projections estimating that 478,000 passengers will use the rail service annually. The new service will operate three daily round trips with top speeds of 79mph and serve a population of more than 6.8 million people, close to 40 colleges and universities, and 22 Fortune 500 companies.

Categories
Development News

Phase 1a of The Banks to rise quickly

This past Tuesday, January 27th, Cincinnati City Council’s Strategic Growth Committee gathered at City Hall to listen to and review construction updates on the long-awaited Banks development project. David L. Holmes, Assistant City Manager and John F. Deatrick, Banks Project Executive were both on hand to explain the project’s progress in further detail.

The update focused on Phase 1a of the construction plan, which includes 300 apartments and nearly 80,000 square feet of retail and restaurant space with parking garages below street level. As of this January, Phase 1a is 65% constructed and staying well within the budget previously set for the development.

Construction of Phase 1a of The Banks is 65% complete as of January 2010 – Photo Provided

Both the City of Cincinnati and Hamilton County have pledged monies towards The Banks. The City has pledged $20 million and has so far paid $7.5 million, while the county has committed some $5 million. After both the city and the county have paid their committed shares, they will split the remaining cost 50/50.

Phase 1a of The Banks is projected to open by Opening Day 2011. According to the presenters, apartment leasing will begin in fall of 2010, though the projected price points of said apartments are still up in the air. As soon as the exterior facades on the buildings are finished, the streets that are currently closed off due to construction will reopen.

Construction has begun on 300 apartments and 80,000 square feet of retail at Phase 1a of The Banks – Images Provided

The scope of construction that has been most recently completed is mostly structure for parking and mechanical, electrical and plumbing infrastructure. They are currently laying shear walls and columns in the south site by the bridge. The workers are waiting for warmer weather to come back in order to pour more concrete.

One of the financial directors gave an update on the amount of local, small business, minority and women employees and businesses currently engaged in the Banks project. She emphasized that 74% of construction workers for the project currently live in the Cincinnati metropolitan area, 20% are minorities, and 2.5% are female. Council members Charlie Winburn, Laure Quinlivan and committee chair Chris Bortz expressed concern for making sure that “as many Cincinnatians as possibly are involved in the construction and in the business of the Banks.” Winburn stressed making sure that “this project has the utmost integrity” when it comes to keeping money local, (despite hiring out of Birmingham for the general contractors).

Phase 1a site plan for The Banks – Image Provided

After Phase 1a is complete in early 2011, work will begin on reconstructing Mehring Way to cut a wider arc above the river, bordering the new Central Riverfront Park. As a result, project managers are currently in the process of appropriating stimulus funds for this development.

While retailers for the Phase 1a portion of the project are not yet set in stone, much has been speculated about a potential grocery store, entertainment venues like an ESPN Zone, and other restaurants, bars and entertainment venues to compliment the evolving riverfront district. Connectivity to the existing Riverfront Transit Center, and proposed Cincinnati Streetcar, will help connect The Banks to the rest of Downtown, Over-the-Rhine, and Uptown neighborhoods resulting in a live/play/work situation that will be attractive to all.