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Arts & Entertainment Business Development News

Dueling Bartender Event to Raise Money for St. Lawrence Square Improvements

City officials gathered in Olden View Park on Tuesday to kick-off the Price Hill Neighborhood Enhancement Program. Over the next several weeks city departments will provide a targeted clean-up effort in the neighborhood aimed at reducing blight and improving public safety.

Neighborhood leaders at Price Hill Will are also hoping to leverage the extra attention and investment for some other neighborhood priorities of theirs.

The first project they are hoping to advance is a collection of improvements to St. Lawrence Square that will include a stage, fountain, walkway, benches and other aesthetic upgrades. The second project, officials say, will look to improve the aesthetics surrounding a Duke Energy substation and neighboring lot.

In order to do this, Price Hill Will is looking to raise money for both projects through an event they will host on Tuesday, March 11 at The Crow’s Nest. The event will feature dueling guest bartenders competing for tips that will support the two projects.

“Dueling Bartenders is a series of fun fundraisers we started last fall with a showdown between Father Umberg and Sister Sally Duffy,” explained Pamela Taylor, Community Outreach Coordinator with Price Hill Will. “In this second round we are having two local authors – Dan Andriacco who writes Sherlockian mysteries and Greg Hoard who is a sportswriter and has authored several biographies.”

The fundraiser will take place from 5:30pm to 8pm on March 11, and all money raised will go toward making the improvements to St. Lawrence Square a reality. The Crow’s Nest (map) is easily accessible via Metro’s #32 and #33 bus routes from both Government Square and the Glenway Crossing Transit Center.

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Development News Transportation

VIDEO: Are ‘Protected Intersections’ the Next Bicycle Infrastructure Innovation?

The City of Cincinnati and other area municipalities have been working to improve the region’s bicycle infrastructure in order to both make cycling more attractive and safer. Those improvements have included new bike lanes, sharrows, cycle tracks, trails and dedicated parking for bikes.

City officials say that protected bike lanes, like the cycle tracks to be installed along Central Parkway, offer the larger population an incentive to get out on their bicycles. Those officials point to results from public polling that show large percentages of people that would be open to riding bikes if they felt safer on the roads, and that protected bike lanes would do wonders to accomplishing that.

But Nick Falbo, an urban planner and designer at Alta Planning+Design, thinks protected bike lanes aren’t enough.

“Protected bike lanes lose their benefits when they reach intersections,” Falbo states in his six-minute-long video proposal. “The buffer falls away and you’re faced with an ambiguous collection of green paint, dashed lines and bicycle markings.”

In his submission to the George Mason University 2014 Cameron Rian Hays Outside the Box Competition, Falbo proposes what he calls the Protected Intersection – a design overhaul for intersections that he says will not only improve the value and safety of protected bike lanes, but also make the intersection more usable for all modes of traffic.

“It doesn’t matter how safe and protected your bike lane is, if intersections are risky, stressful experiences. We need to make intersections just as safe and secure as the lanes that lead into them. What the protected bike lane needs is a protected intersection.”

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Business Development News

How do the housing markets in Ohio’s largest metropolitan regions compare?

A surge of new home construction rang in the new millennium just over a decade ago, but that surge quickly ended when the now infamous housing bubble burst, subsequently leading to the Great Recession.

In recent years the economy has begun to rebound, but the housing market still has not quite come back. In particular, the home ownership housing market has not come back.

This had led to a new surge of housing construction as developers work to build product for a still growing U.S. population. Cities have seen much of this new apartment construction as the rebounding economy has coincided with the entrance of Millennials into the housing market.

The narrative has been that rentals are surging while home ownership is sagging, but according to newly released data from the U.S. Census Bureau, this common narrative is only partly true.

Home Ownership Rates in Ohio MSAs
Apartment Vacancy Rate in Ohio MSAs

In Ohio’s five largest metropolitan regions the data shows that home ownership rates have settled out around the same levels they were at nearly two decades ago. And while apartment vacancy rates have been plummeting in recent years, they are still higher than they were in the 1980s and 1990s.

Akron and Cleveland are virtually tied for the highest home ownership rates in Ohio at 66%, but this is down from their respective peaks of 80% and 77% around the height of the housing bubble. At 61%, Columbus scores the lowest of Ohio’s five biggest metropolitan regions in terms of home ownership.

Columbus boasts the state’s lowest apartment vacancy rate at 6%, which is approaching the capital city’s all-time lowest apartment vacancy rate of 5% in 1990. The Dayton region has the highest apartment vacancy rate in the state, with its apartments sitting empty nearly twice as much as those in Columbus.

Both when it comes to home ownership and apartment vacancy rate, Cincinnati seems to serve as the state’s trend line. For the year ending 2013, the Queen City had a home ownership rate of 63% and an apartment vacancy rate of 9%.

While the aforementioned data seems to cloud the discussion about housing market trends, additional data also shows that overall inventory and prices of owner-occupied units is decreasing, while inventory and pricing of rental units is increasing.

Locally, Cincinnati is in the midst of an apartment building boom, with thousands of units across the region currently under construction. While home permits have increased recently, those numbers pale in comparison.

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Business Development News Opinion Politics

EDITORIAL: Eight-Point Plan for Fixing Cincinnati’s Broken Parking System

Cincinnati Parking Meter
Broken and malfunctioning meters plague Cincinnati’s parking system. Photograph by Randy Simes for UrbanCincy.

We are continuing to look at opportunities inside City Hall that could help alleviate Cincinnati’s budget and pension liabilities, while also maintaining and improving service delivery.

In addition to the waste collection reforms that include a shift to a Pay As You Throw system, we will be making other specific policy recommendations that we feel will improve the quality of service delivery while also improving the City’s finances – ultimately working toward a long-term, structurally balanced budget.

Back in June 2010, UrbanCincy examined the finances of the city’s parking system. In this analysis, and comparison with cities from around the country, we discovered a broken system that was not performing the functions it needed to perform, and was not financially solvent.

As a result, we recommended a seven-year lease of all 5,700 of the city’s on-street parking meters. We estimated that such a deal could yield just over $3 million in annual payments, while also ridding the city of the associated financial liabilities. We did not estimate what an upfront payment could be due to the infinite number of variables that could affect that.

While much has changed politically since that time, the facts remain the same. Cincinnati’s parking system is broken, and is in need of immediate upgrades and reforms.

One of the first actions by the newly elected Mayor John Cranley (D), however, was to halt the signed Parking Lease & Modernization agreement, executed by former City Manager Milton Dohoney, which was structured to solve these exact problems. Under that deal the City would have leased four parking garages, one parking lot and all of the City’s on-street parking meters to the Port of Greater Cincinnati Development Authority.

The Port then agreed to work with Xerox to manage the system and implement comprehensive upgrades to the deteriorating and outdated system. This would have included electronic parking meters that accept credit cards, real-time parking availability data systems and the rehabilitation of existing lots and garages.

The deal would have also provided the City of Cincinnati with an upfront payment of $85 million, generated approximately $3 million in annual installment payments over the life of the agreement, and guaranteed approximately $98 million in capital investments into the system. For better or worse, that agreement has been jeopardized and we are essentially back at square one.

So where and what exactly is square one?

The City has been experiencing declining revenues from its parking assets for several years now. Revenue collections peaked years ago, but have been declining recently due to inadequate enforcement and the parking system’s poor state of repair. These assets require constant and expensive maintenance and upgrades, so virtually all of the money generated by the Parking System is spent maintaining the Parking System.

This is important. The Parking System does not generate any excess revenue for the city to use on other basic services.

In most years the Parking System is revenue neutral, meaning that the revenues it generates cover its expenses. This is acceptable, unless you are deferring maintenance costs in order to make the numbers match. This has been the case in Cincinnati for years, and has left the Parking System in terrible condition.

The situation has gotten worse in recent years as council has worked to balance the budget without laying off employees. In both 2010 and 2011, the city spent considerably more on the Parking System than it collected in an effort to keep it up to snuff. We are talking $3.6 million more in 2010 and $1.1 million more in 2011. This stopped in 2012 when the city cut its annual investments in the Parking System by several million dollars.

Cincinnati's Broken Parking System

For reference, investments in the Parking System today are approximately 38% lower than they were when the City invested $13.3 million into the Parking System in 2010. Over that same period, the parking fund balance has dropped from $12.5 million to $7.8 million.

Simply put: revenues are down, maintenance is being deferred and the parking fund is being depleted. This is not sustainable.

The recent proposal from the Cranley Administration, which was immediately and thoroughly rejected by just about everyone except five council members, does not address what the problems are, and therefore does not propose appropriate solutions for those problems.

The situation and trajectory is dire and UrbanCincy recommends that the City of Cincinnati move forward with upgrades to its Parking System immediately. Absent the previously agreed upon Parking Lease & Modernization deal or some other public-private partnership; here is how we suggest doing so:

  1. Issue bonds to upgrade all parking meters in the city to use the latest electronic payment collection and occupancy tracking technology. This would include pay-by-phone capabilities.
  2. Utilize the new technology to implement variable pricing structures that reflect real-time market demand. If there is a Bengals game downtown and meters near the stadium are packed, then the rates on those meters would increase, while meters further away would maintain lower rates. In neighborhood business districts the same would be true. When demand is high so should be prices. When demand is low, prices should drop accordingly to make it a more attractive option for those visiting our neighborhood business districts.
  3. Release a new application, website and text alert system that notifies drivers of parking space availability and informs them of the associated rates.
  4. Sell the city-owned parking lot at Third Street and Central Avenue so that it can be repurposed into a tax-producing property.
  5. Create a special lease agreement for city-owned parking garages and lots, so that the separate authority could manage advertising at these locations. The Ohio Revised Code currently does not grant cities authority to sell advertising in such a manner, but not allowing for advertisements is unnecessarily cutting off much-needed revenue. Let’s get creative so that we can maximize revenues without burdening our residents, businesses or visitors.
  6. Tear down the Garfield Garage, which is in greatest need of repair, and market the site to developers interested in building on it. Such a development agreement could include the provision of the same or greater number of parking spaces to be replaced – similar to the deal signed for the new residential tower to be built at Fourth and Race Streets in the place of the Pogue’s Garage. This will free the city from a major capital expense that would further deplete the parking fund in the near future.
  7. Tear down the Seventh & Sycamore Garage, which is the only thing blocking the construction of a $14.2 million, 115-room hotel and 725-space garage from being built in its place. The existing 450-space garage is also in poor condition and its removal would be another major liability coming off the City’s books.
  8. Conduct a citywide study to determine appropriate adjustments to the hours of operation for on-street parking meters on a neighborhood-by-neighborhood level.

Following through on these eight recommendations will allow the city to maintain ownership and control of its Parking System while also allowing it to make the necessary upgrades and improve the balance sheets for this portion of the budget. These changes will make the Parking System a revenue generating asset not just in rhetoric, but in reality.

The increased revenues will allow for the City to replenish the parking fund, make its upgrades and take additional revenue and use it to support other essential but non-revenue generating public services.

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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.”