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Will a new UC Neuroscience Institute be first ‘Knowledge Cluster’ investment at MLK Interchange?

Will a new UC Neuroscience Institute be first ‘Knowledge Cluster’ investment at the MLK Interchange?.

There has been a lot of hype about what will or will not happen with the land surrounding the new MLK Interchange. Just earlier this year city officials and Uptown leaders began discussing the early concepts of what they believe will become a hub of medical research and technology facilities that would transform the area. Will a major donation to build a new state-of-the-art neuroscience center be the initial spark? More from The Enquirer:

Mueller and institute Director Dr. Joseph Broderick said their hope is that the gift, the foundation’s largest ever, pushes the institute into the front ranks of neuroscience and makes Cincinnati a world center in the study of the brain and nervous system.

After much research and travel around the country to study other neurological care facilities, the institute – along with university and UC Health leaders – crafted a proposal for a new building to centralize institute functions, now scattered across the UC campus. The gift also will expand research, Broderick said, with patient care at the center.

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Business News

Economists: Cincinnati’s Regional Economy Outperforming Both Pittsburgh and Cleveland

Analysis of data recently released by the Cincinnati Branch of the Federal Reserve Bank of Cleveland shows the area’s economy in a relatively healthy position compared to nearby metro areas, and to the nation as a whole.

LaVaughn Henry, Vice President and Senior Regional Officer at the Cincinnati Branch, says that he believes the region’s economy is poised for continued economic growth, and he points to several factors that contribute to his optimism – a highly educated workforce, an economy healthily spread amongst different sectors, and numerous Fortune 500 companies headquartered in the city.

When diving into the numbers, Henry points to 30% of the regional workforce holding a bachelor’s degree as an item that makes the city an attractive place to do business.

He also touts the city’s relatively low unemployment rate which stands at 5.2% – about even with Pittsburgh and a full percentage point better than the rates nationally and for the state of Ohio. Making the area’s economy even stronger is the fact that its top industry sectors – professional and business services, health and education, and skilled manufacturing – all continue to experience healthy growth.

The Federal Reserve also pointed to continued capital spending as a bright spot that is boosting employment and earnings. Specifically, two hospital expansions and the opening of General Electric’s Global Operations Center at The Banks are expected to support thousands of jobs through 2016.

While the data found that Cincinnati is out-performing many of its peers, it also found that it has room for improvement in terms of wage and GDP growth.

Wages, the Federal Reserve says, have yet to reach pre-recession levels locally, and, while growing, are growing modestly at best. Researchers say that Cincinnati is suffering from a national problem of too many workers in the labor market, and high growth in low-paying service sector jobs that depress wage data. And while the region’s gross domestic product is growing faster than the national average, economists note that, like wages, it has yet to reach pre-recession levels.

When compared to Pittsburgh and Cleveland, the only other two metropolitan regions with more than 2 million people in the Federal Reserve Bank of Cleveland district, Cincinnati is, by far, the healthiest performer.

In Cleveland economists note that its economy is recovering from the Great Recession much better than the recession of 2001, yet it continues to trail national averages. While unemployment is falling throughout the region, it remains stubbornly high at 6.8% – above both the national and state averages. A bright spot, however, is Cleveland’s 28.5% bachelor’s degree rate within the workforce is at least on-par with the national average.

Pittsburgh, meanwhile, recovered the quickest of the three from the Great Recession, but has since seen its economic indicators stall. While unemployment has consistently stayed below the national average, growth in almost all industries in the city was lower than the national average. And while GDP grew from 2009 to 2012, economists at the Federal Reserve expect the data to be somewhat more somber once data is released for 2013 and 2014.

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News Transportation

Initial $2M Phase of Cincy Bike Share On-Pace for September Opening

Cincinnati Bike Share Station MapCincinnati city officials and community leaders are expected to gather at Fountain Square Tuesday morning to unveil the first of Cincy Bike Share’s 35 stations. The ceremony will mark the official start to construction of Ohio’s second and largest bike share system.

Queen City Bike says that the process will move quickly, with two to three stations being installed daily until all 35 stations planned for Downtown and Uptown are built. At the same time, there will be a volunteer effort to assemble the system’s 300 bikes.

“We hope to assemble at least 200 bike share bikes by Friday,” said Frank Henson, President of Queen City Bike, and member of Cincy Bike Share’s Board of Trustees. “This is being done by area volunteer mechanics under the supervision of B-Cycle.”

The aggressive schedule puts the system on track to open by early September, which is not far off the initial goal of opening by August.

The progress comes after Cincinnati Mayor John Cranley (D) announced $1.1 million to more than half of the initial $2 million in upfront capital costs. At the time, Cincy Bike Share director, Jason Barron, said the commitment from the City of Cincinnati was critical in not only getting things moving, but also showing the private sector that it is all for real.

“The mayor’s commitment makes the project a true public private partnership,” Barron told UrbanCincy in April. “The City’s commitment is important to the private funders we have been speaking to, and I believe that it will unlock the last bit of funds that we need.”

Bike share systems have been growing in popularity in North America over recent years. While the most notable are Washington D.C.’s Capital Bikeshare, Chicago’s Divvy and New York City’s Citi Bike, there are now dozens of other cities operating similar systems. The large number and established time period of operations now has given planners a chance to examine empirical data to see what works best.

The more complexities you add to a mode of transportation’s functionality, the less likely someone is to choose that given mode for their trip. This is something that is true across all modes of transportation. As a result, the station density and space contingency calculations have proven to be consistent indicators for a bike share system’s success or failure.

Studies have found that a higher station density is better, and that a target should be approximately 28 stations per square mile. For a city like Cincinnati, that averages out to be a station every couple of blocks. However, the number and placement of Cincy Bike Share stations will be much lower than this target.

When examining of each of the 35 station locations, the system’s station density can be calculated in two different ways. The first would look at just the immediate area in which the stations are located. The second would look at the intended service area for those stations. Naturally, the latter is a bit more subjective.

In the case of the first scenario, the Downtown/OTR portion of the system would have approximately 15 stations per square mile, while the Uptown portion would have 10. Overall, the system in its entirety would average out to a respectable 13 stations per square mile.

But under the more second scenario that factors for intended service area these numbers drop. In this case, Downtown/OTR would fall to 12 stations per square mile, and Uptown would plummet approximately four stations per square mile. Overall, the system total would average out to be nearly stations per square mile.

It is important to note that neither of these scenarios includes the Union Terminal station in its calculation since it is an outlier and would clearly skew the results. Furthermore, Downtown/OTR and Uptown were separated in their calculations since many planners and observers concede that the two areas will most likely operate in isolation of one another.

The point is to ensure that there are consistently stations within a short distance of one another so that if one station is full or empty, another station is close by for the potential user. If that user encounters such a situation, however, it is most likely that the potential user will avoid using bike share altogether and instead opt for a different mode.

One of the ways this can be combatted is through the use of real-time tracking technology that allows users to see exactly how many bikes or stalls are available at any station at any given time. This, of course, only aids those with access to data plans on compatible smart phones, and those who think to use it.

In order to fix the problem of full or empty stations, system operators perform ‘bike balancing’ which moves excess bikes from one station to another that is low on bikes. This balancing act proves to be one of the most costly elements of operating a bike share system. In Chicago and bigger cities they utilize small vans to move the bikes around. But in Salt Lake City, where their GREENBike system is quite small, they utilize trailers hitched to the back of other bikes.

As a result of this complex balancing act, and potential barrier to users, another key element of bike share systems is a space contingency at each station. What this means is that if a station has a capacity for 10 bikes, it should not be stocked with 10 bikes. Instead, data suggests that about a 50% space contingency is ideal.

In Cincinnati’s case, Cincy Bike Share will have enough bikes for there to be roughly nine docked at each of the system’s 35 stations. If the system were to fall in line with this 50% space contingency, which would mean that an additional four to five stalls should be available at any given time, meaning each station should have a total of 13-14 stalls. This, however, is not the case.

Cincinnati’s typical station will have 10 stalls, and thus only have a 10% space contingency. Cincy Bike Share officials have not yet commented as to how this will be mitigated, but a potential solution would be simply to not deploy all 300 bikes at once – something that seems reasonable since bikes will need to rotate in and out for repairs. In this case, a more appropriate number of bikes to be in use at any given time might be 240.

Cincinnati’s bikes are expected to be available for use 24 hours a day, and will most likely be available for use year-round. Cincy Bike Share will be responsible for setting the rate structure, which is not final yet, but annual memberships are pegged at $75 to $85 and daily passes between $6 to $8.

Uptown was originally envisioned as a second phase to the system; but now that it is being included in the initial rollout, it leaves an expansion to Northern Kentucky as the next logical choice.

More details are expected to be announced at the press event later in the week.

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Business Development News

PHOTOS: Cincinnati’s ‘Pill Hill’ Continues to Grow Taller

The expansion of the region’s medical institutions has not only been outward to new communities, but also upward within the medical treatment and research cluster that has formed in the Uptown area.

Cincinnati Children’s Hospital Medical Center has been growing at, perhaps, the fastest clip of any company or organization in the region. The renowned pediatric research institution is continuing to grow with a $180 million tower currently under construction in Avondale.

Just a 15-minute walk to the south, construction equipment works at a frenzied pace in Mt. Auburn where Christ Hospital is in the midst of a $265 million expansion that includes a new Orthopedic & Spine Center.

The following five photographs were taken at each construction site in April 2014. All photographs were taken by Jake Mecklenborg for UrbanCincy.

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Business Development News

Groundbreaking for $14M Anna Louise Inn Ends Prolonged Battle with W&S

Construction work began on the new $14 million Anna Louise Inn two weeks ago. The start of work marks the beginning of the final chapter in what has been a long, divisive battle for the 184-year-old social service agency against one of the city’s corporate giants.

Between 2010 and 2013 Western & Southern Financial Group, whose headquarters is located adjacent to Lytle Park and the existing home of Anna Louise Inn, fought the renovation of the agency’s 105-year-old home that was originally donated to them by the Charles P. Taft family in 1909.

What had started as an innocent project where the owners, Cincinnati Union Bethel, were awarded $10 million to renovate their facility, turned into an ugly battle with allegations of government misconduct and corporate bullying.

In the end, the corporation working to amass an entire district of property around Lytle Park won. Instead of renovating their long-time home, the Anna Louise Inn was forced to accept a relocation deal after the prolonged legal battle drained the organization’s finances.

The new Mt. Auburn facility will accomplish the goals of the original renovation plans. A new four-story structure will rise at 2401 Reading Road, where a historic streetcar barn previously stood, and include 85 apartments for single women looking for support. Cincinnati Union Bethel officials also say that the 1.2-acre site will include community space, private garden, computer lab and some office space for their administrators.

The project is being financial aided by an $850,000 grant from the Federal Home Loan Bank of Cincinnati and a $9.7 million financing package from U.S. Bank.

While the project is anticipated to open in early 2015, there is no word yet as to what Western & Southern will do with the building left behind by the Anna Louise Inn, but executives have previously suggested it could house the center city’s next posh hotel or luxury condominiums.

Community leaders and project officials avoided the controversial history at the groundbreaking, but the uncomfortable back story hung over the event like a thick layer of Beijing’s omnipresent smog.

“It makes no difference where Anna Louise Inn is located,” implored City Councilman Wendell Young (D). “If we applaud nothing else, let’s applaud their history, let’s applaud their work, let’s applaud their commitment, and let’s thank god we will always have Anna Louise Inn.”