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Up To Speed

CitiBank’s investment in New York City’s bikeshare is paying off

CitiBank’s investment in New York City’s bikeshare is paying off.

Columbus launched Ohio’s first bikeshare this week. Cincinnati, meanwhile, continues to work on developing its own bikeshare system. While the movement starts takes root in the Buckeye State, New York City’s new CitiBike system has been seen as a massive success. This has not only been for those using the system, but also for CitiBank as it has been looking for a way to rebuild its brand identity following the financial crisis years ago. More from The Daily Beast:

In recent months one bailed-out, much-hated bank has found salvation through an unorthodox, low-affect marketing method. We’re talking, of course, about Citi’s sponsorship of the wildly popular, just-launched New York City bikesharing program—Citibike…Instead of forcing people to watch another soporific spot before guffawing at that clip of The Daily Show online, or getting lost in the hundreds of ads disrupting people trying to watch The Voice, Citibike offers a rolling testimonial to the brand. Every day, about 25,000 times, someone saddles up on a Citibike, which has the company’s name plastered on it prominently, and rides around Manhattan or Brooklyn, usually with a smile on her face.

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Up To Speed

After 20 years of results, it turns out that transit skeptics in St. Louis were wildly wrong

After 20 years of results, it turns out that transit skeptics in St. Louis were wildly wrong.

Hamilton County residents voted on a half-cent sales tax in 2002 that would have transformed the region’s transportation options. Through that new funding, the region would have completely rebuilt and restructured its bus service, built five light rail lines, and several streetcar lines. Much skepticism, touted by opponents and not unlike what St. Louis voters experienced in their own public vote 20 years ago. The difference is that St. Louis voters approved their measure while Cincinnatians did not. It turns out that the opponents and skeptics in St. Louis were wrong…wildly wrong. More from the St. Louis Post Dispatch:

To say there were doubters that the fledgling MetroLink light-rail service would catch on with riders back in 1993 would be a monumental understatement…Costello also recalled how Washington “bean counters” assured locals that “there is no way that you will meet your ridership numbers.” By contrast, he said, MetroLink exceeded the projected 10-year levels within two years.

Nations recalled how a 1987 report predicted light-rail ridership in St. Louis would be about 3 million by 2000. That year, he said, people boarded trains more than 14 million times…MetroLink now logs more than 17 million boardings a year — many of them commuters and students. Regional leaders also credit light rail with spurring residential and commercial development near stations.

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Business Development News

PHOTOS: Grandin Properties Completes $1.6M Renovation of 135-Year-Old Hummel Building

Ninety years after the founding of the City of Cincinnati, in a day when Over-the-Rhine was home to over 40 breweries and Barney Kroger was still writing his business plan; three men sat in a saloon along Vine Street finalizing the design for Music Hall and a property adjacent: 1401 Elm Street.

The triage of architect Samuel Hannaford, Cincinnati political boss George Cox, and construction contractor George Hummel built 1401 as mixed-use development. In addition to multi-family homes, the property included the Hummel Family Market and the ever-popular Hummel Saloon.

Erected in 1878, the structure has withstood the test of time allowing for modern-day developers, Cincinnati Center City Development Corporation (3CDC), Hudepohl Construction, and Grandin Properties to rehabilitate it 135 years later.

The $1.6 million project was celebrated with a ribbon cutting ceremony attended by Chad Munitz, Executive Vice President of 3CDC, Vice Mayor Roxanne Qualls (C), Cincinnati City Manager Milton Dohoney, Councilmember Laure Quinlivan (D), and Peg Wyant of Grandin Properties.

The Hummel Building, which is now home to a 1,900 square-foot restaurant space and four condominiums priced from $270,000 to $375,000, is also the first Over-the-Rhine project for Grandin Properties.

A company best known for their work in upscale suburban neighborhoods such as Hyde Park, Grandin invested in 1401 Elm for both its historic significance and recent resurgence of the urban lifestyle.

“Cincinnati is reinventing itself as a hub of influence and innovation,” stated Grandin CEO, Peg Wyant at the ribbon cutting ceremony last week. “Grandin Properties is very pleased to be a part of it.”

Just around the corner from the Hummel Building, crews continued roadwork in preparation for the Cincinnati Streetcar.

“It is exciting to see this property link up with the streetcar,” noted City Manager Milton Dohoney. “Great things happen as we continue to invest in the city with the help of 3CDC.”

The Hummel Building is the second of seven projects to be completed during the fifth phase of 3DCDC’s redevelopment work in Over-the-Rhine. Other properties include Republic Street Lofts, Tea Company Townhomes, Westfalen II, B-Side Lofts, Mercer Commons, and Nicolay, as well as the Bakery Lofts which opened earlier this year. Hummel’s first floor restaurant is slated for a public debut on November 26, 2013.

The City of Cincinnati and 3CDC have financed more than $315 million in redeveloping Over-the-Rhine since 2009. The 110-square block neighborhood is home to the largest concentration of historic structures in the United States: 943 buildings. To date, 103 of those buildings have been restored or stabilized through the work of 3CDC.

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News Transportation

VIDEO: Biking from Cincinnati’s Fountain Square to the Ohio Statehouse in Columbus

In September 2009, UrbanCincy’s Jake Mecklenborg biked from Cincinnati’s Fountain Square to the Ohio Statehouse in Columbus.

The ride documents the state of bike paths, or stretches of roadway, between the two cities. The approximate 125-mile journey relies heavily on the Little Miami Scenic Trail. But as Jake experienced, the usage of the trail drops off significantly once you get out of the city.

Another issue experienced during the ride was the lack of trail or dedicated bike facilities heading into Columbus.

One of the other trails that Jake partially uses on the trip is the Ohio River Trail, which is still under development. Officials with the City of Cincinnati continue to make progress on new segments of that trail, but it is still a ways off from its completion of connecting the Little Miami Scenic Trail with Smale Riverfront Park in downtown Cincinnati. Future extensions of the trail would bring it even further west along Cincinnati’s waterfront.

The City of Cincinnati is also studying a new dedicated bike lane along Delta Avenue that would lead to the Ohio River Trail. Those that are interested in weighing in on that project can do so by voting for your preferred design option online.

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Development News Politics Transportation

Financing Falling Into Place for $108M MLK Interchange Project

Planning and financing is progressing for construction of a new interchange between E. Martin Luther King Drive and Interstate 71. The $108 million MLK Interchange will fill the most obvious gap in the area’s expressway system – zero access to Uptown from northbound I-71 and circuitous access from southbound I-71 via the William Howard Taft ramp.

The Taft and McMillan ramps will remain under the state’s current plans, but the new MLK Interchange will become the preferred point of access for the University of Cincinnati, Children’s Hospital, the Cincinnati Zoo, University of Cincinnati Medical Center and surrounding residential neighborhoods.

MLK Interchange Site
Martin Luther King Drive as it passes over I-71 presently. Photograph by Jake Mecklenborg for UrbanCincy.

In addition to the MLK Interchange, the Ohio Department of Transportation (ODOT) broke ground on the reconstruction of I-75’s Hopple Street Interchange. This project will reconfigure W. Martin Luther King Drive west of McMicken Street to meet Hopple Street on a new bridge above Central Parkway.

Two years ago UrbanCincy reported on these two transformative projects, planned for each end of Martin Luther King Drive, which will dramatically change the way motorists access the region’s second largest employment center.

The MLK Interchange has been the subject of considerable attention during the first half of 2013 due to the controversy generated by COAST when it worked to block Cincinnati’s Parking Modernization & Lease deal. The deal, which is now proceeding after a lengthy legal battle, was originally envisioned as the source for the $20 million local contribution to the interchange project.

In addition to blocking the parking deal temporarily, the injunction prevented the City of Cincinnati from passing emergency ordinances. This detail jeopardized the streetcar project, as it was timed perfectly to coincide with council’s need to allocate additional funds after construction bids returned much higher than expected.

MLK Interchange Preferred Alternative
Financing is beginning to fall into place to fund the preferred alternative for the $108M MLK Interchange. Provided.

In April, an effort led by COAST and City Council member Chris Smitherman (I) gathered the necessary signatures to place the parking lease ordinance on the November 2013 ballot. However, on June 12, the parking lease injunction was overturned by Judge Penelope R. Cunningham, wife of anti-streetcar and anti-parking lease 700 WLW talk host Bill Cunningham.

With the ballot issue avoided, streetcar and MLK Interchange planning resumed.

On July 9, the Ohio Controlling Board approved $4.2 million for property acquisition near the planned MLK Interchange in anticipation of a July 2014 start date for the project. Then, on July 22, Ohio Governor John Kasich (R) announced that a portion of his $3 billion lease of the Ohio Turnpike will fund the state’s contribution for the project.

The turnpike deal, which is similar in its strategy to Cincinnati’s parking lease, has hypocritically been spared the legal obstructionism of COAST or the criticism of talk radio hosts.

The City of Cincinnati is hosting a neighborhood meeting on July 24 at the Hampton Inn & Suites in Corryville at 3024 Vine Street between 5pm and 7pm. According the city, the meeting is “intended to guide the Uptown neighborhoods, institutions and city in visioning the future character and nature for the corridor.”

City officials say that formal presentations will be given on the half-hour, and that those who are unable to attend can still submit their comments or questions until Friday, August 2, 2013. Those wishing to submit their comments outside of the meeting can either email info@uptownconsortium.org or send in written correspondence to the Uptown Consortium at 629 Oak Street, Suite 306, Cincinnati, OH 45206.