Category: Development

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Business Development News

Work on Smale Riverfront Park Progresses Despite Lack of State, Federal Funds

The $120 million Smale Riverfront Park will celebrate its next wave of progress two months from now when the Women’s Committee Garden and Duke Energy Garden are opened to the public – more than doubling the central riverfront park’s completed acreage.

According to officials from the Cincinnati Park Board, the project is still on-time and on-budget thanks to an influx of private contributions.

Originally, park officials had planned on approximately half of the project’s cost being covered by state and federal funds. While those funds flowed early in the project’s life, they have all but dried up over the past two years.

Cincinnati Central Riverfront Plan

“We got into this pretty aware of what the challenges were, but the biggest challenges thus far have probably been the state and federal funding,” stated Smale Riverfront Park’s project manager, Dave Prather. “It’s been a pretty big adjustment when half of the funding you were counting on hasn’t come, but thanks to the private funding we’ve been able to stay pretty much on schedule.”

Prather says that the city leadership understands the realities facing both their state and federal partners, but that without the private and local support the project would most likely be behind schedule.

He is, however, optimistic that things will turn around and says that the park board is working on other ways to get state and federal dollars. One such element that could be the beneficiary of such efforts is the planned 1,000-foot transient boat dock which may be eligible for up to $3 million in grants from the Ohio Department of Natural Resources (ODNR) Division of Watercraft.

Should such funding fall into place, Prather says that the boat dock could be operational as early as May or July 2015.

“We received $3 million in the State capital fund three years ago, and that’s what we thought we would get as we worked through the phasing plan,” Prather explained. “Hopefully the state will get back in the business of being able to help with significant capital projects.”

Not all of the funding news has been grim, as Prather noted strong support from Hamilton County, private sources, and the City of Cincinnati which includes a recent $4 million allocation from the proceeds of its recently approved Parking Modernization & Lease agreement.

That $4 million will go towards accelerating the construction timeline of phase four of construction work which will now include the PNC Grow Up Great Adventure Playground and carousel. According to Prather, both of these projects will now be completed by May 2015 – in time for the 2015 Major League Baseball All-Star Game.

One of the features that will be open in two months is the new riverwalk, of sorts, that will run from the Walnut Street Overlook approximately to Sycamore Street immediately south of Great American Ball Park. One of the key features of this riverwalk, Prather notes, is that the guardrails will be 48 inches in height instead of 42 inches so that both pedestrians and bicyclists can enjoy the pathway.

“Our observation has been that you can’t tell cyclists where to go,” said Prather who noted that he is an avid cyclist himself. “So we’re going to construct the closest to the river pathway to accommodate both pedestrians and cyclists – right where they both want to be.”

While much work is left to do, both in terms of construction and securing funds to continue construction, the project team maintains excitement for the transformation they are overseeing.

“I’ve been an architect and a planner for the city for years, and a lot of the time you spend a lot of time and energy on plans that don’t get built,” Prather concluded. “This one [project] is different…we’re just on a roll and it’s awesome to have ideas that everyone embraces, you feel right about what you’re building, and you get the resources to actually build it. We’ve gotten a lot of cooperation from the city and county, and I feel like we’re all rowing in the same direction.”

Officials hope to complete the 45-acre park in its entirety by July 2017, excluding improvements to the river’s edge that will need to be coordinated with the U.S. Army Corps of Engineers.

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Development News Opinion

GUEST EDITORIAL: Horseshoe Casino Fails to Deliver on Urban Design

The completed Rock Gaming/Caesars joint venture boasts a list of features one would expect of a casino: 354,000 square feet, $400 million price tag, restaurants, bars, a 2,500-space parking garage, and space for business meetings and conventions. None of these features should come as a shock to anyone that’s ever been in a casino.

The touted difference between Horseshoes Cincinnati and Cleveland and casinos elsewhere, is that these have been deemed “truly urban” casinos. Well, if locating in a downtown is all that’s needed to make something urban, then mission accomplished. But since a downtown is a living collection of buildings and spaces, whether something is truly urban has more to do with how it contributes or detracts from its location. And since casinos are not known to be particularly friendly urban creatures, the most recent example being CityCenter, it’s worth looking at some of the concerns expressed to the unnamed Las Vegas starchitect Dan Gilbert imposed.

Cincinnati Casino
The only actual limestone you will find on the site is the wall coping around the lawn- note the whiteness of the caps compared to the synthetic stucco below.

The first thing I think of when I look at the new casino from any angle is tan. Why in the world is it so tan? Color wasn’t something that was a key talking point for the casino, though the Urban Design Review Board has now made that a priority at The Banks, but the tan-ness of the building really dominates all other exterior features. This domination lies with the use of synthetic stucco to emulate limestone. The issue here is not with modern building technology, but that it was misused in both color and implementation.

The implementation failure lies in the lack of any ornament within the stucco. One of the main reasons for using limestone is that it is one of the best stones for showing carved detailed, as can be seen just blocks away at 30 E. Central Parkway. Why try to emulate a limestone building if the only way you do that is by using fake alternate panels and stopping there?

These two issues with the exterior of the building can be summed up in one way: the Messer Pendleton Bid Package required $5,033,623 for exterior metal framing/stucco, and $6,967,980 for interior wall framing and drywall and $2,268,821 for painting and wall coverings. The casino allocated an amount for the interior walls almost twice that of the exterior walls.

30 E. Central Parkway

The second oddity that stands out is the number of offsets, particularly on Reading Road. Offsets are a common feature of large single-story buildings, like Wal-Mart and Kroger, to break up the mass of these behemoths. But what’s the goal here? To confuse the pedestrian or neighbor across Reading into thinking that these are multiple windowless buildings? Admit you’re a grand building like Music Hall or Union Terminal. Walking west down Reading is like passing by massive stone boulders. There’s no beauty or nuance to the walls save for two large brick panel insets and foundation plantings.

“With the strong support of this very active, urban-focused community, our team has been working for more than a year to ensure that our project does not prosper alone but also benefits the surrounding neighborhoods and region. The outward facing design and pedestrian accessibility will rejuvenate this part of town, while putting thousands of people into good-paying jobs.”- Dan Gilbert- Chairman, Rock Gaming.

“Outward facing design” is a catchphrase that was repeated throughout the design process. What does that mean? To this project it means having one main entrance and restaurants with windows and a patio, quite the accomplishment for typically fortress-like buildings. But to say the design of the project is outward facing because of the openness of only 360 feet of the entire building’s facade and at only one of the intersections surround the site is like saying a restaurant near the entrance of a mall is outward facing because it’s on the exterior of the building.

Reading Road Quarry
Richard Rosenthal was right about his concern over a “gully-like” feeling down Reading. In fact, it’s a quarry.

Urban design was really were there was the most input from local groups on how the casino will most likely affect the everyday life in the public realm around the casino.

Terminated vistas – views that focus on a deliberately chosen object or scene – is a historical design concept used to draw people towards a building and create the appearance that destinations are closer than they appear, encouraging pedestrians to walk.

In the case of the casino, the site’s prow-shaped western end at the corner of Central Parkway, Reading and Eggleston creates the opportunity to terminate the view looking east down Central at the casino entrance and the developer has taken that opportunity. Again, as with the offsets, there is a lack of grandness to the view as the casino is dwarfed by the height of the buildings leading to it down Central, rendering it almost insignificant.

Central Parkway Vista

The view down Pendleton towards the casino would sad if it wasn’t so tan. No pedestrian connectivity, no windows, not even roof treatment. Nothing.

While the focus of activity for the casino will be at its entrance and new lawn for the county jail, the opportunity for Pendleton lies in what happens north of and down Reading.

From the site’s layout, you can see that building coverage isn’t great on either side of Reading Road for certain spans. And oddly enough, the casino chose to build near the street for the span west of Pendleton where there are no buildings on the north side of Reading, and then chose to back away from the street for its loading docks for the span east of Pendleton where there are buildings on the north side of Reading. And since Rock Gaming owns the stretch on the south side of Reading, it’s extremely doubtful that organic infill development ever occurs in this area.

To end where the casino does, urban casinos are not uses that fail for any reason other than over taxation. When the casino opens and rightfully provides a local opportunity to keep the poor man’s tax from leaving for Indiana or Las Vegas, let’s be careful not to confuse its popularity with quality.

This guest editorial was authored by Eric Douglas, a native of Grand Rapids, MI who currently lives in Covington’s Roebling Point neighborhood. Eric is a member of the Congress for New Urbanism and earned a Bachelors of Science from Michigan State University. Since that time he has worked for Planning, Community Development and Public Works departments in Cincinnati, Indianapolis and Detroit. If you would like to have your thoughts published on UrbanCincy you can do so by submitting your guest editorial to urbancincy@gmail.com.

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Business Development News

Cincinnati Aims to Use P3 to Upgrade Parking Assets, Leverage Economic Development

Last week, Cincinnati City Manager Milton Dohoney unveiled the city’s plans for modernizing its parking assets through what he called a public-public partnership.

The plan calls for a 30-year lease on thousands of on-street parking meters, and a 50-year lease on 2,363 spaces in five city-owned garages and four city-owned lots. The deal includes an initial $92 million upfront payment, and an estimated $3 million annual installment payment.

The other public partner in the deal is the Port Authority of Greater Cincinnati, who would oversee the operation of the parking assets. Xerox would work with the Port Authority to manage on-street spaces, while Denison Parking would help manage the garages and lots. The financing muscle behind the deal would be AEW Capital Management and Guggenheim Partners.

City officials note that the collection of private partners will be known as the ParkCincy Team.

Organizational Structure
The organizational structure under the proposed parking asset deal would keep the City of Cincinnati in charge. Provided.

In addition to the complex financial structure of the deal, the City of Cincinnati will see its parking assets dramatically modernized in the coming years. All on-street parking meters will be replaced by electronic meters that accept credit cards, and will be monitored to allow for those searching for a parking space to get real-time information on parking availability.

Several parking structures throughout the center city will also be overhauled. The crumbling Pogue’s Garage at Fourth and Race Streets will be torn down and replaced by a 30-story residential tower with a 1,000-space parking garage that will reserve more than half of the spaces for public use. Across the street, the 500-space Tower Place Garage will be renovated and expanded into the existing and vacant Tower Place Mall by another 500 spaces.

The improvements to be made to the Pogue’s Garage site and Tower Place Garage are being assisted by $12 million in city financing made available through the lease’s upfront payment.

Current-vs-Proposed
The proposed deal would significantly simplify the City’s accounting responsibilities with regards to its parking assets, but it would shift the bulk of annual revenues to the ParkCincy Team. Provided.

As part of that $12 million deal, the Port Authority will work with the developer to construct the planned $14.2 million 725-space parking garage, near the Horseshoe Casino at Seventh and Sycamore Streets, in place of the deteriorating parking garage at that site. The new garage’s development, meanwhile, is expected to jump-start the adjacent development of the proposed 115-room Holiday Inn & Suites.

In order to make the deal worthwhile for the Port Authority and the ParkCincy Team, parking meters will be in effect from 8am to 9pm downtown, and 7am to 9pm in other neighborhoods. Parking rates will remain the same downtown, but rates will increase to $.75 an hour once meter upgrades have been made.

Mayor Mallory’s Administration reviewed the bids and decided to take a lesser upfront payment in order to avoid some of the pitfalls experienced in Chicago, as pointed out by critics of Cincinnati’s deal. The City of Cincinnati sacrificed roughly $50 million in order to maintain control over certain aspects of the parking inventory including first ten minutes free at downtown meters, free parking on Sundays and holidays, and oversight on rate increases and enforcement.

One very crucial aspect is that the city will retain control over the price of parking, which will be determined by a board made up of City and Port Authority representatives, and rate increases will be capped at 3% annually.

In addition to the $12 million for the development at Fourth and Race Streets, the remaining $80 million from the upfront lease payment will go towards the following items:

  • $20 million to jump-start the Martin Luther King Drive Interchange at I-71;
  • $4 million to accelerate the next phase of Smale Riverfront Park in order to be complete in time for the 2015 All-Star Game;
  • $3 million to acquire the Wasson Corridor right-of-way;
  • $6.3 million to bring the City’s reserve savings account to its goal of 8%;
  • $25.8 million to balance the City’s 2014 budget; and
  • $20.9 million to balance the City’s 2015 budget.

City officials hope the $20 million for the MLK Interchange will accelerate its construction, but is contingent upon the Ohio Department of Transportation (ODOT). The project, officials say, will have a $750 million economic impact and create between 5,900 and 7,300 permanent jobs.

Should ODOT officials turn down the deal, City officials have said that they are prepared to redirect the funds to a 2,500-job “mega deal.”

The administration’s parking modernization and lease agreement requires approval from the Planning Commission and City Council before being finalized. The Planning Commission will vote on the matter this Friday at 9am, with a full City Council vote expected shortly thereafter.

Randy A. Simes contributed to this story.

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Business Development News

Pogue’s Garage to Make Way for 30-Story Residential Tower, Grocery Store

Former Design Concept [Provided]

Cincinnati City Manager Milton Dohoney briefed City Council’s Budget & Finance Committee of the specifics of a plan to modernize and lease some of the city’s parking assets. Part of the immediate $92 million infusion, as part of the plan, would be used to spark the redevelopment of Tower Place Mall and Pogue’s Garage.

Dohoney stated that the vacant Tower Place Mall would be converted into a 500-space parking garage, with 20,000 square feet of street-level commercial spaces fronting onto Race and Fourth Streets.

“Residential is a huge factor in the ability to attract and retain retail, but what retail really wants is customers,” explained David Ginsburg, President/CEO of Downtown Cincinnati Incorporated (DCI), with regards to the state of the center city’s retail scene.

285333_10151760214824698_747240426_n Pogue's Tower
The City of Cincinnati has struck a deal that would tear down the crumbling Pogue’s Garage and replace it with a mixed-use residential high-rise. Renderings provided.

To that end, the adjacent Pogue’s Garage, as part of the project, would be torn down and the site rebuilt with a 30-story mixed-use tower with 300 luxury apartments, 1,000 parking spaces, and a 15,000-square-foot grocery store.

The reconstruction of Tower Place Mall, city officials say, would be overseen by JDL Warm, and would begin as early as fall 2013. The redevelopment of the Pogue’s Garage site would be overseen by Flaherty & Collins, which would be funded with $82 million in private investment and $12 million from the City through its new parking lease.

Project officials say that all of the financing is in place, and a new-to-market grocery store has been secured for the new mixed-use tower.

The new tower’s contemporary architecture would contrast the historic high-rises flanking it along Fourth Street, and would dramatically change the street’s landscape.

One other component of the project requires the developer to also build the planned 725-space parking garage on Sycamore Street, which is adjacent to the proposed 200-room Holiday Inn & Suites.

A timetable has not yet been set for the $94 million project, but work would seemingly be able to begin as soon as the proposed parking lease is approved by City Council. The City of Cincinnati and DCI are currently working with Paragon Salon regarding its space in the Pogue’s Garage. No details have been shared, but Paragon’s lease runs through 2017.

“We need to make sure that everything is working all the time on all cylinders,” Ginsburg told UrbanCincy with respect to the hierarchy of needs for downtown investment. “If I were to get a bumper sticker for my bicycle or my car it would just be one word – more. Downtown needs more residents, it needs more businesses, it needs more workers, it needs more diversity.”

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Development News Politics Transportation

OKI Survey Results Show Preference for Compact, Walkable Communities

The OKI Regional Council of Governments has released the findings from its 2012 How Do We Grow From Here survey, and is reporting a record response.

According to OKI officials, the survey received 2,474 responses and more than 1,200 comments. In the past, the organization had received around 100 responses for similar surveys, but was hoping for higher numbers this time around due to a larger outreach effort.

The survey is intended to take the pulse of the Cincinnati region with regards to regional vitality, sustainability, and competitiveness with a special focus on land use and transportation policy. The results of the survey are then intended to be used when updating the metropolitan planning organization’s Strategic Regional Policy Plan (SRPP), which was last updated in 2005.

OKI 2012 Survey Results

“While much has been accomplished since the plan’s adoption in 2005, much remains to be done to reach its goals,” state OKI officials. “The SRPP needs to be updated to reflect the impacts of subsequent events such as the Great Recession and significant changes in our demographics, particularly as the baby-boom generation ages.”

Of the survey’s 21 total questions, seven offered particularly revealing insights into the psyche of those from around the region concerning transportation options, economic development strategies, and land use policy.

The survey results indicate a clear preference for sustainable and urban communities. Approximately 60% of respondents said that they felt urban revitalization and neighborhood redevelopment efforts are paying off, and a whopping 88.5% said that it is important to have safe pedestrian and bicycling options in their community.

While the 2,474 respondents stated that they wanted to see existing infrastructure maintained and their communities built in a way to support walking and bicycling, it does not appear that they feel the region is heading in that direction.

“Bicycle infrastructure can play a big role in enhancing public health, providing additional options for transportation, and reducing pollution,” commented one responder. “I also would support a comprehensive transportation plan that includes the extended streetcar line and light rail. This could reduce traffic congestion and pollution and enhance economic growth for our neighborhoods.”

More than a third of those responding said that they feel the region is growing in an unsustainable manner, and more than two-thirds expressed concern about how the region’s housing, transportation, healthcare, and recreation options will support aging individuals and younger generations that desire walkable urban communities.

A 2011 report from Transportation For America found that more than 64% of Cincinnati’s population between the ages of 65 and 79 will have poor transit access by 2015 – ranking the region as the 17th worst out of 48 regions with 1-3 million people.

When asked about energy and the climate, approximately 74% said that rising energy costs have impacted their lifestyle choices surrounding transportation and utilities. With nearly 85% of those same respondents feeling confident about knowing where to go to get more information or help to achieve greater energy efficiency, it appears that organizations like the Greater Cincinnati Energy Alliance are making a positive impact.

“OKI needs to develop renewable energy sources for our area and eliminate all fossil fuel usage in the next 10 years,” responded one individual on the survey. “OKI needs to actively promote the Greater Cincinnati Energy Alliance that has enough funding to upgrade close to 70,000 homes and business in the Hamilton County and northern Kentucky.”

OKI officials state that while they currently have no authority, and seek no authority, over local land use decisions, they hope that the results of their updated SRPP will bring about more consistency between local land use planning and regional transportation planning.

On episode two of The UrbanCincy Podcast we discussed the issue of transportation poverty facing Cincinnati’s aging population, and how unsustainable development patterns are hurting the region’s environment and economy. You can stream our bi-weekly podcasts online for free, or download the podcasts on iTunes.