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Business Development News

University of Cincinnati Moves Forward With Two Demolition Projects

Last week construction crews began demolishing the 81-year-old Wilson Auditorium along Clifton Avenue. The structure had sat vacant, used for not much more than storage, for decades and had been planned for demolition for just as long.

University of Cincinnati President Santa Ono reassured concerned students in September that the building’s historic facades would be preserved.

A parking garage was once envisioned to take the place of Wilson Auditorium, but updated plans call for the construction of temporary classroom space for students displaced by the $45 million renovations taking place at the College of Education. Once that project is complete, the temporary structures will come down and school officials say that the site will be transformed into green space.

The future of another University-owned structure, however, also appears to be limited.

The Campus Services Building along Reading Road is rumored to also be in line for demolition. This 84-year-old structure was once home to a Sears Department Store and now sits on what will become prime real estate following the construction of the $108 million MLK Interchange.

Requests for information from the University of Cincinnati’s office of Planning + Design + Construction were not returned.

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Business Development News Politics Transportation

Project Executive Estimates Cost to Cancel Streetcar Would Far Exceed $100M

The project executive for the Cincinnati Streetcar project, John Deatrick, gave a presentation to Cincinnati City Council’s Budget & Finance Committee today to outline the anticipated costs, time frame risks associated with cancelling or temporarily stopping work on the $133 million project.

Deatrick emphasized that at this point approximately $32 million has or will be spent prior to December 1. In addition to that, he explained exactly why the city would forfeit approximately $45 million in Federal funds, and be subject to local payment of any funds committed that would have otherwise been paid by those Federal funds. In addition to that, Deatrick and the project team estimate that it would cost $31-48 million to close-out the project.

Streetcar Cancellation and Close-Out Costs


What it means is that the professionals involved with overseeing the project believe the costs to cancel will be between $108 million and $125 million, not including any of the highly anticipated litigation costs.

The presentation also included a breakdown of more intangible numbers like the damage to the reputation the city has with the Federal government, and the future inability to receive Federal funding for any transportation projects as a result.

Cincinnati’s Budget Director, Lea Erickson, then explained how those costs would be paid and that the cancellation of the project would also result in the loss of any realized property and economic gains anticipated due to the streetcar, as outlined by an economic feasibility report done by HDR Economics. That total of lost tax revenue for the City of Cincinnati and Cincinnati Public Schools, she estimates, would $237 million in today’s dollars – or $594 million over the course of the next 35 years.

The 39-page presentation is packed with detailed breakouts and explanations for these figures. It also explains the relationship of the various contractors involved in the project.

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Business Development News Politics

Cincinnati’s New-Found Buzz Helping Attract Retailers to Region

There were many significant achievements and trouble spots for Mayor Mark Mallory (D) over his past eight years as the face for the 2.1 million person Cincinnati region. Perhaps one of his largest accomplishments, however, was changing Cincinnati’s image nation-wide from a city in decline to one that is on the rise and doing innovative things.

For the first time national publications began to look at Cincinnati for its accomplishments in public education, sustainable redevelopment, environmental policy and even transport.

Yard House Cincinnati
Thanks in part to the aggressive marketing of Cincinnati by Mayor Mallory, new national chains like Yard House and Ruth’s Chris have begun filling store fronts throughout the city. Photograph by Randy Simes for UrbanCincy.

Each of these items involved a number of more detailed pursuits in order to make them happen. One of those pursuits was to attract new retail businesses to the region. In order to accomplish this, Mayor Mallory went on a full campaign touting the amenities and demographics Cincinnati has to offer.

After much work, the efforts started to yield fruit.

According to the mayor’s director of public affairs, Jason Barron, Mallory met personally with Potbelly (Downtown), Chipotle (Corryville, Downtown) and Panera Bread (Clifton Heights, Downtown) in an effort to get them to expand their presence inside city limits.

“We’ve been aggressive at national events for about six years now,” Barron explained. “We weren’t able to go this year in May, but Mayor Mallory has met with a number of these businesses over the years.”

The mayor also met directly with a number of other national chains in order to make the case that they open a location in Cincinnati. Those successes include Yard House (Downtown), Ruth’s Chris (Downtown), Orange Leaf (Clifton Heights, Downtown, Oakley, Westwood), Season’s 52 (Norwood), Capital Grill (Norwood), and Save-A-Lot (Roselawn).

For many of these businesses it was not only their first location in Cincinnati, but also their first in Ohio, Kentucky or Indiana. Barron says that it is thanks in part to the efforts made by Mallory on the road at events like the International Council of Shopping Centers (ICSC) annual meeting.

The efforts do require a bit of patience, as Barron says that not only has the administration been courting new businesses for years, they also believe that some of the benefits have yet to be realized.

“One of the things we’re always trying to do is create a buzz about Cincinnati to other leaders, businesses and investors,” said Barron. “The mayor’s making connections now that will pay off down the road.”

While the buzz can often times be attributed to the spirited Mallory, the mayor’s office is quick to point out that much of the heavy lifting has been done by local experts like Mark Fallon at Jeffrey R. Anderson. Most recently Fallon has been responsible for leasing both U Square at The Loop and The Banks.

More national brands appear to be on their way to Cincinnati, but the mayor’s office refuses to speak about the deals before they are finalized. But in addition to new restaurants and bars, Cincinnatians might expect to see other businesses opening up shop in the Queen City over the next one to two years.

Certainly chain restaurants are not the only retailers Cincinnati has been lacking, but the outside investment is certainly welcome. The next step will be to attract more clothing retailers to the city, and to expand the base of independent shops around town.

But luckily, as people close with the mayor might say, the buzz is starting to take shape.

Categories
Business Development News Transportation

PHOTOS: All Aboard Ohio Visits Cincinnati to View Streetcar Construction Progress

On October 26, rail transportation advocacy group All Aboard Ohio hosted their fall meeting in Cincinnati. Members came from across the state, and other states including West Virginia and Iowa, to see how the construction of the Cincinnati Streetcar is progressing.

Members were able to ask questions of Paul Grether, Metro’s Director of Rail Operations, who was leading the walking tour. Grether answered many technical questions relating to the streetcar’s rail gauge, power system and the light rail vehicles. He also addressed many of the urban legends that still surround the project — yes, our streetcars will be capable of climbing the steep Vine Street hill.

Streetcar advocate John Schneider also gave a presentation on the history of the project and the many political hurdles supporters have had to overcome. He explained one of his most effective methods of promoting the project: taking skeptics to visit one of the modern streetcar systems currently operating in the United States.

Schneider went on to say that a number of local leaders, including former Hamilton County Sheriff Simon Leis (R), became supporters of the project after seeing the benefits of modern streetcars in person.

Late October was a good time for the group to visit, as construction was highly visible around Over-the-Rhine.

On Elm Street, various phases of work stretched approximately one half mile, from 12th Street to Elder Street. The first rail was installed near Washington Park on October 16, and crews started pouring concrete and shaping the track bed on October 25. Utility work is also taking place on Race and 12th streets in advance of track work.

The project is on schedule, and track work on Elm Street (from 12th Street to Henry Street) is expected to be completed by January 9, 2014.

All photos by Travis Estell for UrbanCincy. Click any photo to view larger size.

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Business Development News

VIDEO: Next Phases of 45-Acre Smale Riverfront Park Taking Shape

Hopefully you are ready to learn all about support structures and geothermal, because the latest video update for the $120 million Smale Riverfront Park goes into great detail about both topics. It also reveals some new information about upcoming features at the park.

The first half of the 13:30 video focuses on the intricate details involved with some of the most mundane work taking place at the site. Project manager Dave Prather does a good job, however, at illustrating just how important that work is.

The more intriguing pieces of information are saved for the second half of the video. During that portion, Prather reveals details about the fog feature at the Heekin/PNC Grow Up Great Adventure Playground, which is scheduled to open to the public in spring 2014.

Prather also discusses that the Cincinnati Park Board has control of the anchorage under the John A. Roebling Suspension Bridge. Dating back to the Civil War, the inner structure, he says, will be opened to the public in some way. Details have not yet been finalized for how they will utilize the area, which is in the flood plane, but Prather expects to be able to make an announcement in time for the next video update.

City and park officials aim to complete the 45-acre central riverfront park by mid-2017, assuming all remaining financing falls into place.