Author: John Yung

John joined UrbanCincy in 2011 and immediately established himself as a key member of the UrbanCincy team. A native of Chicago, transplanted to Lebanon, Ohio in his teenage years, John currently resides in Cincinnati’s historic Mt Auburn neighborhood. John earned a Masters of Community Planning degree from the University of Cincinnati in 2013.

Categories
Up To Speed

Free Sunday Parking viewed as somewhat problematic with renegotiated Chicago parking deal

Free Sunday Parking viewed as somewhat problematic with renegotiated Chicago parking deal

Chicago Mayor Rahm Emanuel today announced that he and the city’s finance and legal has settled a legal dispute with Chicago Parking Meters (CPM) that will provide for free parking in Chicago neighborhoods on Sundays and the introduction of a pay-by-cell option. The legal dispute originated over closed, added parking spaces or changes to periods of stay, hours of operation or parking rates and an estimated $1 billion in future charges over the life of the contract that would no longer be owed. Free Sunday parking is an issue many downtown Cincinnati businesses outside of The Banks have been arguing against, especially during Sundays with sporting events as they claim they can’t open their doors due to the lack of available metered parking. More from Streetsblog:

The proposed changes seem to be a good thing for the city overall, but the introduction of free Sunday parking is somewhat problematic. While I don’t have a problem with churchgoing seniors getting a break at the expense of people out on the town at night, free daytime parking in neighborhood retail districts could have unintended negative consequences.

On-street parking works best when its cost reflects the demand for spaces. When meter prices are steep in high-demand areas, it discourages people from parking in the same spot for long periods, which increases the chance that there will be open spots for short-term parking. When parking is free, it encourages visitors to park for longer periods, and it tempts employees to drive instead of walking, biking or taking transit to work. Their cars might occupy spaces all day, eliminating spots for potential customers.

 

Categories
Up To Speed

Pitfalls and Potential in P3 Infrastructure Financing

Pitfalls and Potential in P3 Infrastructure Financing

As both Ohio and Kentucky look into investing in public-private partnerships (P3’s) for the construction and operation of the new Brent Spence Bridge, other states around the country are already striking similar deals. With the decline in revenues from the gas tax, which has not been raised since 1993, is P3 the reality of future road infrastructure projects? Read more at the Atlantic Cities:

Still, he says, the fact is that private investors come to the negotiation with many things the states both need and want: quick cash, and the ability to fund projects without raising debt, and the flexibility to use limited public resources in other ways. At the end of the day there’s just too much on the line for investors to complete these deals without some reasonable safeguards for success. State pension funds across the country — the massive California Public Employees’ Retirement System notable among them — have made enormous investments in infrastructure precisely because the payoff feels sizeable yet certain.

Categories
Up To Speed

Cleveland considers adding more skywalks!

Cleveland considers adding more skywalks!

Over the past decade Cincinnati has actively been working to dismantle the once extensive elevated skywalk system in its downtown. Other cities throughout the country such as Baltimore have followed Cincinnati’s lead however a recent report coming out of Cleveland spotlights the recent debate over two projects that would add more skywalks in their downtown. Read more at the Atlantic Cities:

For the most part, it didn’t work, and now cities such as Baltimore and Cincinnati are tearing down the skywalks they once built with such fanfare, in an effort to return pedestrian life and vitality to the street. Meanwhile, in Cleveland, the owners of the year-old Horseshoe Casino downtown are planning to build a brand-new skywalk, and the county government is looking to refurbish another one just a few blocks away. For many of the young people moving to Cleveland in search of a 21st-century urban experience – pedestrian-friendly, with lots of people out and about – it seems like a step backward in time.

Categories
Business Development News

3CDC to Break Ground on Second Phase of Mercer Commons May 31

It’s hard to ignore the ongoing transformation of Over-the-Rhine these days. It seems almost every day a new restaurant, business or development project is announced to open in the once struggling neighborhood. Of course, the key player leading the neighborhoods redevelopment efforts is the Cincinnati Center City Development Corporation, better known as 3CDC.

3cDC’s latest phase includes tackling one of its largest redevelopment projects in the neighborhood, Mercer Commons, which includes almost two blocks worth of buildings between Vine Street and Walnut Street.

The $60 million project is divided into three phases. Phase one, which is currently underway, includes the construction of a new four-story condo building along Vine Street, five town houses, the redevelopment of  a couple historic buildings and a 340-space parking garage that opened to the public last week.

Mercer Commons Phasing

According to 3CDC spokesperson Anastasia Mileham, preparations for phase two are already underway and construction is officially slated to kick off at the end of the month.

“The groundbreaking event for Mercer Phase 2 is scheduled for 1pm on May 31, but we haven’t closed on Phase 2 yet ,” Mileham explained, “We are starting construction already to try to keep up with demand and stay on schedule.”

The second phase of the project will include rehabilitation of 15 historic buildings into mixed income apartments. The development team says that 30 out of the 67 apartments will for people who make 50-60% of the average median income.

To help provide the affordable housing units, 3CDC relied on a $4.6 million Low Income Housing Tax Credit from the federal government, and marks the non-profits first foray into mixed income housing.

Mileham told UrbanCincy that receiving the tax credit was the most rewarding aspect of the project to date, ” There is a need for this type of mixed income development.”

Since the newly opened Mercer Commons Garage is large enough to serve the entire development, and then some, the developers were able to preserve space in the development plan behind newly built structures in phases two and three. This space, 3CDC says, will be preserved for interior courtyards similar to the one found at Parvis Lofts across the street.

Once fully built out, Mercer Commons will add 156 residential units, in both apartments and condos, and 17,600 square feet of street-level commercial space.

While no tenants have been signed, Mileham says that there has been “substantial” interest in the 3,900 square feet of retail space in phase one.

Categories
Up To Speed

Chicago aiming to cap Kennedy Expressway trench with 10-15 acre park

Chicago aiming to cap Kennedy Expressway trench with 10-15 acre park

Part of Cincinnati’s Central Riverfront Master Plan is the eventual capping of Fort Washington Way. In Chicago, architects are working to develop a similar cap system that will bridge over the highway connecting the West Loop neighborhood to downtown. More from the Architect’s Newspaper:

In cooperation with developer Fifield Companies, Sarver and his firm have fleshed out a masterplan that calls for 10 million square feet of new office space in the West Loop in 10 years. The plan also calls for a 10-to-15-acre park covering the trench of the Kennedy Expressway, which forms a barrier between the West Loop and downtown. Alan Schachtman, executive vice president of Fifield, called this hypothetical green a Millennium Park for the West Loop.