Categories
News Politics Transportation

Let’s talk tax structure and streetcars

There is no doubt that residents and businesses, in Downtown/OTR/Uptown, see the value in the proposed streetcar system. It is also quite understandable that community leaders in neighborhoods like Westwood, Price Hill, and Mt. Washington may not exactly see the benefits to their respective communities.

Every community would like to have more amenities and improved services. These are the things that help make neighborhoods successful and great places to live. At the same time they understandably don’t want to see their taxes rise. So lets break down the tax structure and how the streetcar will play into this whole situation…

Residential properties are accepted losers when it comes to taxes. They simply demand far more services than they pay for in taxes. Those services (i.e. trash, police, fire, schools, etc) are made possible by those that pay exceedingly more than they demand (i.e. office, industrial).

Therefore the commercial and industrial bases are the most important tax bases to preserve and grow in order to maintain service levels for your residential base. Of the Top Ten taxpayers, in 2006, 9 were based out of Downtown* (for what I could find).

With that said, residential properties can get close to offsetting their service demands. The best opportunity for this to occur is in the most densely populated (or built) areas where economies of scale factor in big time. In Cincinnati’s case there is no other residential neighborhood that has a potentially better return on taxes than Over-the-Rhine.

Chart illustrating the functionality of Economies of Scale

These most densely built areas need to be focused on first and foremost, and need to be populated with as many people as possible. This allows you to grow your residential base without significantly growing the demand for services (in OTR’s case you may actually decrease demand for services like police and fire by repopulating the neighborhood).

So while a streetcar line only serving Downtown, OTR, and Uptown seems to only benefit those 3 neighborhoods…it is really affecting the financial stability of the entire city, and allows for a growth in tax base without a significantly higher demand for services. This means extra tax revenues can then be used for increased services and funding for the other 49 great Cincinnati neighborhoods.

*Tax data from City of Cincinnati’s 2006 Annual Financial Report (pdf 5mb)

Related reading on UrbanCincy:
Keep the heart strong

Categories
News

GOOD FOOD – GOOD BEER – GOOD TIMES

Taste of Cincinnati USA is held every Memorial Day weekend in Downtown Cincinnati by the Downtown Council and the Greater Cincinnati Restaurant Association. Started in 1979, it is now the nation’s longest running culinary arts festival.

Taste of Cincinnati USA started as a one-day fest in Piatt Park, then known as Garfield Park, with approximately 5,000 attending the first event. The event expanded to two days in 1981, and in 1988 expanded to three days and moved to Central Parkway.

In 2007, th event was moved to Fifth Street to spotlight the $42-million renovation of Fountain Square and its underground parking garage, and to bring the event closer to Downtown’s cluster of hotels, such as The Cincinnatian, Garfield Suites, Hilton Netherland Cincinnati, Hyatt Regency, Millenium Hotel, Terrace Hotel, and the Westin.

Approximately 500,000 now attend the annual food extravaganza, making Taste one of the nation’s largest street festivals. Taste of Cincinnati was named Food Event of the Year for 1997 by Events Business News, the recognized authority of the special events business in the United States, selecting it out of 40,000 special events across the nation.

Taste of Cincinnati USA features more than 40 fine restaurants serving up delicious and delectable menu items. In the weeks leading up to Taste each year, menu items are previewed and judged for the prestigious Best of Taste Awards.

The Taste is also a music festival, with continuous live entertainment featuring local and national recording stars performing on multiple stages throughout the event.

WHEN:
Saturday: Noon-11:00pm
Sunday: Noon-11:00pm
Monday: Noon-9:00pm

WHERE:
On six blocks of Fifth Street, from Race Street to Broadway in Downtown Cincinnati.

Categories
Arts & Entertainment Business News

GoOTR 5k Run/Walk

The second GoOTR 5k Run/Walk is coming up next Saturday, May 31st. This is a great way to see the new stuff going on in OTR, get some exercise, enjoy the outdoors, and raise some money for the Over-the-Rhine Chamber of Commerce.

This year’s 5k will start at 10am at 12th & Vine (GoogleMap). There will be food, beer and plenty of fun. This year’s race and events will pay tribute to the 1-year anniversary of the Gateway Quarter. Registration is a mere $10, with the money going to the OTR Chamber (this gets you into the race and a t-shirt).

I am signed up and ready to go…and I’ll surely be sporting my new Over-the-Rhine Volunteer Ambassador t-shirt (orange with OTR Ambassador across the back).

You can register online without any processing fees (select OTR 5k run/walk for the payment reason). You can also get more information from the OTR Chamber of Commerce at 513.241.2690 or by email at otrchamber@zoomtown.com.

Categories
Business Development News Politics

The retail over-saturation problem

When can you tell enough is enough? Is there any hope for our nation if there isn’t constant growth? These are the questions I find myself asking when I read stories like this.

Cincinnati Mills, one of the largest retail centers in the region, has seen store after store shutter. This comes after millions of dollars of reinvestment into a massive mall sandwiched in between two others along a mall interstate of sorts.

It really makes you wonder (at least me), do we really need all of this retail space. The same can even be said for urban environments where seemingly every new renovation project, in a mixed-use built area, seems to call for street-level retail with residential or office space above. I suggest that we return the area, where Cincinnati Mills sits, to a natural state. That is obviously an extreme proposal, but at the very least tear down that mall (said in my best Ronald Reagan voice) for some other/better use.

This region is growing much slower than our retail space is expanding…and it seems obvious that the retail locally (and nationally) can not sustain itself by the free market alone. It seems to me that the best alternative would be to let struggling retail space ride off into the sunset. This would allow for values to rise at other retail locations, and we could begin the process of ridding ourselves of our excessive retail space…and who knows, maybe even our over-consumerism.

Categories
News

Ann Driscoll at Southgate House

From Citybeat.com:

Singer/songwriter Ann Driscoll is a Cincinnati native who’s currently studying at the Berklee College of Music in Boston. But, at age 20, her songwriting already possesses the kind of wisdom, originality and maturity that can’t be learned in college.

She began her musical career in earnest just three years ago and her direct Indie Pop sound helped put her on bills with local favorites like Peter Adams and Katie Redier, as well as nationally acclaimed Rock bands like The High Strung. Driscoll’s self-released, self-titled EP is an engaging exhibition of blunt, catchy (but not predictable) Pop, with vocals that recall pre-blatant-sex-kitten Liz Phair and a writing style that is obviously informed by prime influences like The Beatles and Nirvana.

Berklee must be on summer break, because Driscoll is returning to the local stage this week, performing at the Southgate House’s parlour room Friday with local singer/songwriter Molly Sullivan. 8:30 p.m. $5-$8. (Get details and find nearby bars and restaurants here.) — Mike Breen