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Business News

Uptown Neighborhoods Have Outsized Role in Regional Economy

Data released by the UC Economic Center shows that Cincinnati’s uptown neighborhoods – Avondale, Clifton, Corryville, Clifton Heights, Fairview, University Heights, and Mt. Auburn – contribute heavily to the regional economy.

Commissioned by the Uptown Consortium, a non-profit dedicated to development in the area, the collection of neighborhoods actually have an outsized influence on the regional economy.

According to the study, uptown houses more than 800 businesses that collectively employ around 52,000 employees and contribute more than $3 billion in annual wages in the Cincinnati Metropolitan Statistical Area. For the City of Cincinnati, the area represents 18.2% of all income tax collections taken in by City Hall.

These statistics are buoyed by the fact that the area also has one of the fastest growing job rates in the region. From 2012 to 2013, uptown neighborhoods saw employment rise by 12%, while growth throughout the rest of the city stood at 0.2%, and the rest of Hamilton County at 0.7%. All of this growth has led to a building boom that is changing uptown’s image.

Furthermore, the UC Economic Center found that while average city-wide property taxes collected per acre held averaged $8,000, while in the uptown area that figure stood at an average of $14,000 per acre.

This economic impact is driven mostly by what the report refers to as anchor institutions – education, healthcare, and social assistance agencies. These types of employers make up a large portion of the city economy, but particularly so uptown. Overall, these types of employees make up 16.3% of the city’s total workforce, and contribute around $98 million in city income taxes and $17 million in Hamilton County sales taxes annually.

All told, they account for 7.8% of the Cincinnati MSA’s gross regional product.

The report also demonstrates that, in addition to the direct economic impact of anchor institutions, they also draw considerable indirect impact from the money injected into the local economy.

While the institution and what are referred to as their auxiliary businesses are a boon for the regional economy at the moment, an over reliance on them could be dangerous.

As the Economic Center stated, “were the University of Cincinnati to close, much of the economic activity in Uptown would leave the region.”

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Development News

Proposed Tax Would Provide Dedicated Parks Funding Stream, $85M in Improvements

A campaign to improve Cincinnati’s parks by raising the City’s property tax by 1 mill will “change the city for the better,” according to Cincinnati Mayor John Cranley (D).

Cranley made his remarks during the official launch of the Citizens for Cincinnati Parks levy campaign on Saturday morning at New Prospect Baptist Church in Roselawn.

The charter amendment would raise the City’s property tax rate to 13.1 mills and would bring in approximately $5.3 million a year. The move would require City Council to fund the Parks Department’s capital budget at its 2016 budget level, and approve bonds for capital improvements using levy revenue.

Proponents say that 75% of the levy revenue will be available for the City to borrow against in order to fund 13 designated capital projects selected by the mayor and city manager. The remaining 25% will go to system-wide maintenance and operating costs.

“We’re asking to voters to pass a very small property tax that we believe, for that small amount of money – $35 a year per $100,000 value – will increase property values and increase the quality of life for all Cincinnatians as we take the wonderful park system and we bring it to the neighborhoods,” Cranley said.

The group needs to collect approximately 6,000 signatures by August 15 to make it on to the November 3 ballot. Cincinnati Parks has not placed a levy on the ballot since 1927.

“We have decided that the only fair way to do this, if we’re going to be asking the taxpayers to pay more money, is to ask the citizens first to even let us put it on the ballot,” Cranley said. “At the end of the day, we’re putting this decision in the hands of the voters, and we believe the value proposition is there. We believe that this will build a better city.”

Vision needs funding
Board of Park Commissioners President Otto M. Budig, Jr. said that his organization has been charged with creating the best parks system in the country, but despite generous City funding and donor contributions, it continually finds itself short on money for major initiatives.

“We have had some difficulty in developing major projects that have long been needed,” he said. “I went to the mayor and I said, ‘We need these funds to bring about a new vision. You give us a vision, we’ll take care of the details.’ The mayor has given us the vision.”

While many of the projects are only in the conceptual stage at current time, the Citizens for Cincinnati Parks website says that they were chosen due to being the most shovel-ready, with the ability to be completed quickly.

Multipurpose recreational trails are a major component of the plan, including the Oasis River Trail ($8 million), Wasson Way ($12 million), Mill Creek Greenway Trail ($5 million), and the Ohio River West Trail ($6 million). The City also plans to work with the Cincinnati Off-Road Alliance to develop more than 20 miles of off-road trails in Mount Airy Forest ($11 million).

“The bike system that will be created as a result of this levy, off-road, which is a big thing for me – I think off-road is a much safer, dedicated path that doesn’t have as many accidents – the most extensive, bicycle urban path in America,” Cranley said.

The plan would also raise $10 million for a joint venture between the City, the University of Cincinnati, and Clifton Town Meeting to create a new master plan for Burnet Woods.

“As I often say, Burnet Woods – even more so that Washington Park – could be the Central Park of Cincinnati,” Cranley said. “If you think about Corryville, CUF, Clifton, Avondale…all surround this park. It’s the densest part of the city and it’s right across the street from 30,000 students. We can have the same impact with that park as we did with Washington Park.”

Other projects include:

  • Developing part of the 20-acre New Prospect Baptist Church grounds into a communal programming center, athletic fields, and an urban camp site that would cost $8 million;
  • A public-private partnership with Western & Southern Financial Group that would provide $5 million to renovate and reprogram Lytle Park;
  • $5 million for the redevelopment of a portion of the former Mercy Hospital complex in Westwood into athletic fields and green space for an expanded Oskamp Park;
  • A $5 million redesign of Ziegler Park in Over-the-Rhine/Pendleton, in conjunction with the Cincinnati Center City Development Corporation (3CDC);
  • $4 million for streetscape and roadway improvements surrounding Christ Hospital and improvements to Inwood Park in Mount Auburn;
  • $2 million for the preservation of the historic King Studios site and development of a small café/museum in Evanston;
  • $2 million for upgrades around Westwood Town Hall and Epworth Avenue; and
  • $1.8 million for a new boat dock/marina at Smale Riverfront Park.

“Now we have this new vision,” said Parks Director Willie Carden, who already has overseen the amazing transformations at Smale Riverfront Park and Washington Park, among others. “The vision brings ‘parkonomics’, partnerships to the neighborhoods. We can do this. We can make this a safer, healthier community, but we need your help.”

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Business Development News

Report Finds Homelessness Is Decreasing in Hamilton County and Cincinnati

A newly released report shows that homelessness in Cincinnati and Hamilton County declined in 2014 to levels not seen since 2010.

The report comes from Strategies to End Homelessness, a local leader of 30 homeless service organizations. Using data from the Homeless Management Information System, the non-profit organization said that they saw positive results all around.

The number of people on the streets, which saw a large jump in 2013, returned to 2011 levels. Those staying in emergency shelters also dropped by 7% since 2012, which officials say can be attributed to the increase in people being served by permanent housing programs, which has increased 167% since 2010.

Local leaders also say that this drop is also partially a result of their member organizations’ homeless prevention efforts, which Kevin Finn, CEO of Strategies to End Homelessness, told UrbanCincy in March is one of the most critical factors in reducing homelessness.

Since 2011, these organizations have seen only 10.2% of the people served by their shelter diversion programs later become homeless. Finn says that preventing people from needing a shelter is not only effective, but it saves money as well.

“Homelessness prevention activities work and at a fraction of the cost of assisting after a person is already homeless,” said Finn. “Stopping people from ever needing to enter a homeless shelter just makes sense.”

The report found that men make up 59% of Cincinnati and Hamilton County’s homeless population, and that some 66% of those that are homeless are black.

One of the national trends is that women and children make up one of the fastest growing segments of the homeless population. In Cincinnati and Hamilton County, the report found that children are 29% of the area’s homeless – 6% of which are children without adult accompaniment. Furthermore, approximately 15% were found to be veterans.

In all, the number of people on the streets, in shelters, or in transitional programs in all of Hamilton County was 7,810 in 2014.

The Cincinnati area received a U.S. Department of Housing and Urban Development grant of $15.4 million earlier this year to combat homelessness. This money has not yet been distributed, but once it does, it will be set aside for non-prevention programs.

Local leaders also have reason to be optimistic due to the ongoing investment in new facilities, through Cincinnati’s Homeless to Homes program, to care for the area’s homeless population.

“In 2015, three improved shelters are opening, significantly improving the quality of services being offered to the homeless in our community,” Finn said. “We are also hoping to expand prevention efforts, so that fewer people will have to experience the trauma of homelessness.”

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Up To Speed

Uptown leaders should copy Buffalo and develop a street-calming plan

Uptown leaders should copy Buffalo and develop a street-calming plan.

Cincinnati’s uptown neighborhoods are experiencing a bit of a boom. Hundreds of residential units are being developed, new transportation infrastructure and capacity is coming online, and smaller, historic buildings are controversially making way for new, taller ones. While significant changes are underway, one thing that remains the same, and seems poised to only get worse as new roadway projects are built, is the fact that most major thoroughfares uptown are inhospitable to people who wish to walk or bike to get around. In Buffalo they have developed a plan to address just that in the city’s historic downtown. A similar plan should be considered for Cincinnati’s second largest employment center. More from Buffalo News:

The new Downtown Infrastructure Master Plan lays out a series of enhancements to key streets, districts and public squares to bolster the appearance and feel of the city center for residents, employees and visitors, while making the downtown more vibrant. At the same time, it seeks to make the area more cohesive and pedestrian-friendly, by improving access and connections. And it calls for traffic calming, more accessible green space and public space, and a “softening” of barriers like highway overpasses.

The goal is to provide a framework for future public-sector investments and projects, using shared objectives in making decisions about where to target new initiatives. But it’s also flexible enough, officials said, so that it can be adapted to tie in new projects to downtown and neighborhoods.

Categories
Development News

PHOTOS: Uptown’s Building Boom Spreading Outward to New Neighborhoods

While an incredible amount of construction is taking place in Over-the-Rhine and the central business district, uptown neighborhoods like Corryville and Clifton Heights have been experiencing a building boom of their own.

Nearing completion in Corryville is the $30 million VP3 residential development. Catty-corner from that project land has been cleared for yet another apartment project; and just a block away demolition is proceeding on University Plaza, which will be completely rebuilt.

A few blocks over Mt. Auburn is starting to see the investment spread there. At the southwest corner of McMillan and Auburn a church has been demolished in order to make way for a $35 million medical office building.

The building boom has been so great that it recently led to the recommendation for an interim development control overlay district so that City Hall can study the changes sweeping through the neighborhoods surrounding the University of Cincinnati.

EDITORIAL NOTE: All 13 photographs in this gallery were taken by Jake Mecklenborg for UrbanCincy in April 2015.