Category: Business

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Business Development News Politics

Just to clarify…

Apparently my post regarding eminent domain was a controversial one, and it seems that some people may have missed the overriding point I was trying to make.

I am not advocating the use of eminent domain all willy nilly…I’m actually not suggest any kind of measures to occur with eminent domain, but rather I am simply complaining about the current system we have in place. Sure we need to protect individual freedoms (imo, that only goes so far though). In some instances government goes to far (see the Patriot Act), and I think that is what many seem to think I’m advocating. It is not, let me explain…

I am making an observation that in many of the high profile eminent domain cases, it is not the small guy or the innocent property owner fighting the battle. It’s quite the contrary…as I pointed out, many of the people involved in these legal battles are absent landlords, LLC’s, corporate entities and the like. I don’t want to rob Peter to pay Paul…I just want to pay Paul for his efforts and enthusiasm in wanting to invest in the inner-city. Is that sooo wrong?

You may still disagree with me and that’s fine…I’m just looking at the situation and thinking, “Maybe we’ve gone a little too far with these rulings.” You know the knee-jerk anti-communist type reactions we’ve seen. I just ask that you cool your jets and look at the next eminent domain case that pops up…you tell me who is benefiting: the neighborhood, municipality, investor or some random LLC who has been stockpiling junk properties for years just waiting for this kind of thing to happen?

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Arts & Entertainment Business Development News

The NEW Downtown Cincinnati

Downtown has managed to turn the corner relatively quickly. People who once used to think of downtown as a tired/boring place are now frequenting the new restaurants, clubs, bars and events. New residents are everywhere and visitors are welcomed by something new almost every other week. It’s just past the half way point in 2007 and Downtown Cincinnati has seen the opening of 4 new bars/clubs, 3 restaurants and more events on Fountain Square than you can count.

It’s wonderful to see everything coming together and this is just the beginning. The majority of the tenants in the redone 5/3 building have yet to open, another few restaurants will be opening shortly, and another couple bars/clubs are on the way. This is all before the ball drops for 2008. If you want to think about 3-4 years down the road, then you’ll really be blown away with what Downtown Cincinnati will be like.

3-4 years puts the streetcar in place and the first phase of The Banks. The Banks will most likely attract tenants like ESPN Zone, Hard Rock Cafe, House of Blues, countless restaurants, bars/clubs. Combine that with the activity that the streetcar system will be shuffling around and you have yourself a VERY strong/vibrant urban core. Thousands of new residents and tons of new attractions. The streetcar system will most likely help give the retail scene downtown a kick in the pants…if that doesn’t do it, the thousands of new residents should.

Check out what’s going on in the NEW Downtown Cincinnati!

Need more to eat… MORE RESTAURANTS!!!
Like to shop… MORE RETAIL!!!
Want to be entertained… MORE ENTERTAINMENT!!!

Some more developments (just to name a few):

Now, downtown hasn’t gotten ‘there’ yet, but it is certainly on its way…and picking up speed.

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Business Development News Opinion Politics

City Council almost ran the table…almost

Now lately I would have considered city council to be on somewhat of a roll, and by that I mean vote the way I approve. But in all seriousness, they have done quite a bit of good work lately. Here is a list of a few of their accomplishments:

  • Approved a potential property tax rollback (albeit minor).
  • Voted to create a ‘vending district’ along Short Vine.
  • Looked at ways to cut costs around city hall that could potentially save the city another $18 million.
  • Rezoned a piece of land in Sedamsville that could end up paying off in the long run for city coffers.
  • Reinstated the city’s Clean, Safe Fund.

 

However there was a misstep along the way when they voted 5-4 to not approve a 25 cent bus fare hike for Metro. This is a crucial piece to the Metro puzzle; most of their buses will be needing replacement very soon, and this type of delay can critically set them back for years to come. While I agree with council that there are probably better ways for Metro to cope with financial hardships (i.e. make all the other communities pay into the system who use it), but that will take some time and this money is needed right now!

This is similar to the types of problems that Amtrak has faced over the years. They are constantly unsure of what their financial status will be on a year to year basis and can therefore not financially plan for anything farther out than their current fiscal year. I yearn for the day when Cincinnati has a real regional transportation authority that overlooks these systems, and sets up appropriate funding mechanisms for them.

Why is it that there is Metro, TANK, Bearcat Transportation Shuttle, and all of these other fragmented transportation services. Clean it up, remove the unnecessary overhead and move towards a real regional authority that we all really want and need.

External Links:
www.go-metro.com
www.tankbus.com

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Arts & Entertainment Business News

Taste of Cincinnati has some new digs!

The Taste of Cincinnati is this weekend and I personally can not wait! The Taste has always been a great event for the city and for those who attend, but it will be even better this year. You may ask why…well it’s because of the all important move from Central Parkway to Fifth Street. This move presents a whole slew of benefits for the event.

First of all, shadows from the building will help shade the event and offer a slightly cooler atmosphere for everyone. Secondly, it is in the heart of downtown and in the midst of the up-and-coming Fountain Square District. There is shopping, dining, lodging, and entertainment all within a stones throw from the event this year. This has to bode well for neighboring businesses, more so than previous events held nearly 6 blocks away.

3CDC has certainly been criticized for the issues with the Fountain Square work. Whether it is warranted or not is another issue, but one thing is for sure…The heart of downtown is looking/feeling stronger than ever. Well done!

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Business News Politics

A billboard battle looms…

A number of City Council members seem poised to take on the billboard industry in Cincinnati. Councilman Chris Bortz thinks billboards, along with those advertising benches at bus stops and racks that hold newspapers, cut into Cincinnati’s overall curb appeal. I would strongly agree with that notion. The problem doesn’t lie with the stance, but rather the billboard powers at be. Taking on this industry has proven to be a very difficult task to say the least.

For some communities its the superfluous newspaper stands and bus benches that restrict pedestrian flow/activity in their business districts. For others its the brightly illuminated billboards that prove to be undesirable for residents living nearby. Not to mention these billboards are almost always an eyesore for everyone who has to see them on a regular basis.

Maybe what the city should do is look into creating a streetscaping plan that requires all streetscaping items to have a specific look/appeal to them (much like what is done for lighting and signage). This has been done recently in places like NYC and Toronto, where they are striving to improve the curb appeal of their cities by creating coordinated street-furniture plans.

An important piece to this effort, in my opinion, is that the city include the neighborhood business districts that make the city special and not just put it into action downtown. Downtown is great, but these neighborhood centers are the foundation of our great city. I’m sure they will lend much support to this effort!