Tag: downtown

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Business News

Downtown Cincinnati experiences strong progress during recession

If Cincinnati is our home, then downtown is akin to our city’s kitchen. Downtown is where we, as a community, watch television (Fountain Square), downtown is where we eat, and downtown is where we complete our financial transactions. This is the analogy Mayor Mark Mallory used at the 2010 State of Downtown meeting held this past Thursday, April 29th.

Mayor Mallory also likened downtown to an engine that is “hot and running well” at the Annual Member Meeting hosted by Downtown Cincinnati Inc. (DCI). The positive 2009 report identified several positive indicators during one of the most difficult economic years the nation has seen including:

  • $116 million in completed construction and renovation project with another $1.6 billion in projects currently in progress
  • More than 445,000 square feet of office expansions, renewals and relocations in 2009
  • 30 new retail/restaurant/entertainment establishments opened in the central business district
  • 140 single family homes were sold, keeping population growth consistent with projections
  • $59 million economic impact of total room nights marked a record setting year for hotels
  • The Main Library, Cincinnati Museum Center, Krohn Conservatory and Fountain Square all posted record attendance years
  • Overall crime rate for the central business district/riverfront was down double digits in Part 1 and Part 2 offenses over the past decade, helping make Cincinnati the 7th safest city for pedestrians out of the nation’s 52 largest metro areas
  • DCI’s 3rd annual pedestrian count study showed a continued increase during peak weekday times (11am to 2pm), and a total increase of 20% in pedestrians during the evening hours
  • A partnership with the Hamilton County Department of Pretrial Services and the County Jail, University Hospital, Summit Behavioral Healthcare and others to identified the top 16 high risk panhandlers; placing 3 of the 16 cases in permanent housing to date

The meeting, which lasted for just a little over an hour, also included remarks from the Senior Regional Officer of the Cincinnati/Cleveland Branches of the Federal Reserve Bank Dr. LaVaughn Henry, Hamilton County Commissioner Greg Hartmann, Cincinnati City Manager Milton Dohoney, and DCI president David Ginsburg.

The speakers focused on the importance of economic development in the greater downtown areas, each bringing a different viewpoint to the podium. Commissioner Hartmann spoke briefly about the importance of downtown to all of Hamilton County and the region, while using the casino development as a prime example of how to get the public excited and involved in the development process. Dr. LaVaughn Henry addressed the national economic recession and stated that while unemployment is still high here in Cincinnati and across the country, the rate of job loss is slowing and consumer confidence is on the rise.

Downtown Cincinnati’s population has experienced steady population growth since 2005, and is expected to double by 2012 with the continued renovation of Over-the-Rhine and the opening of The Banks.

City Manager Milton Dohoney stressed the importance of taking risks, while also being cautious in our approach. His remarks on economic development revolved around the creation of new jobs, smarter land use, and partnership and investment in our community.

“Big steps equal big gains,” Dohoney commented in regards to taking risks. “We must work on expanding our tax base, while also proving that we are an inclusive community.”

Following the meeting, UrbanCincy caught up with DCI President David Ginsburg where he discussed the importance of projects like The Banks and the Broadway Commons Casino ultimately not becoming a single destination. Ginsburg also brought up the importance of “zoning flexibility” when it comes to downtown vacancy issues.

“Our primary role is to enhance downtown’s potential as a vibrant, clean and communal place that attracts employers, art, music and the creative class,” Ginsburg stated. “We must continue to improve downtown’s perception by getting more people downtown to witness the improvements firsthand. You wouldn’t buy a new car until you test drove it, so we need to get more people to test drive downtown.”

Categories
Arts & Entertainment News

Seasonal market returns to Fountain Square May 4th

The third annual Market on the Square returns to Cincinnati’s central gathering point this Tuesday, May 4th. The seasonal market attracts hundreds of shoppers and visitors to Fountain Square every Tuesday afternoon through the summer months.

The Fountain Square Management Group has announced that this year’s Strauss & Troy Market on the Square will include 20 different vendors and has been extended four weeks running from Tuesday, May 4 through Tuesday, September 28 between 11am and 2pm. This year’s vendors will be selling produce, bakery goods, ready-to-eat foods, flowers/plants, jewelry and some other select items.

Fountain Square (map) is easily accessible by bike, Metro bus service (plan your trip) and automobile with daily parking available directly underneath the square in the Fountain Square Parking Garage.

Market on the Square photo by Thadd Fiala.

Categories
Arts & Entertainment News

Know Theatre to host 2nd Annual Derby Day Party – 5/1

The Know Theatre will host their second annual Derby Day Party at Sycamore Place in downtown Cincinnati this Saturday, May 1 from 4pm to 7pm. The party will also celebrate the Know Theatre’s 12th Season, and will help raise money for the non-profit theatre in historic Over-the-Rhine.

According to event organizers, the Derby Day Party has a $15 suggested donation and will include a live viewing of the race, bourbon tasting and mint juleps. There will also be prizes awarded for the three best hats and for those picking the horses that place in the 136th Annual Kentucky Derby. Raffle tickets purchased for the horse placing competition will have all proceeds go to benefit the Know Theatre.

The event will be held in the lobby of Sycamore Place at St. Xavier Park (map) in downtown Cincinnati. The location is served by on- and off-street automobile parking, nearby bicycle parking and Metro bus service (plan your trip).

Categories
News Transportation

Cincinnati to host conference on high-speed rail

The European-American Chamber of Commerce (EACC) will host the Urban & Regional Public Transportation Conference on Wednesday, May 5 at the Westin Hotel in downtown Cincinnati. The EACC 2010 Conference & Gala will gather a group of international, national and regional transportation experts to discuss Ohio’s 3C rail corridor and high-speed rail in general.

“High-speed rail has brought economic, social and environmental benefits to many countries around the world,” said EACC Executive Director, Anne Cappel. “The United States and the Midwest region can learn from case studies and experiences from our European counterparts and, hopefully, provide time and economic savings as we move forward.”

Event organizers say that the conference is designed to address issues surrounding the 3C rail corridor with a pragmatic approach. Conference attendees will hear from experts involved in Ohio’s high-speed rail plan in regard to its cost-effectiveness, safety and environmental impacts from local, regional and national levels.

Ohio’s 3C rail corridor was recently awarded $400 million from the American Recovery & Reinvestment Act, and will eventually carry nearly 500,000 passengers annually between Cincinnati, Dayton, Columbus and Cleveland. The 3C rail corridor itself serves an estimated 6 million people and is considered to be the most under-served passenger rail corridor in America, and would eventually be connected into the larger Midwest High-Speed Rail Network.

The EACC 2010 Conference & Gala will include three panels made up of representatives from the U.S. Department of Transportation, Ohio Department of Transportation, Midwest High-Speed Rail Association, American Public Transportation Association, FirstGroup America, General Electric, the City of Cincinnati and representatives from England, France and Spain. The three panels will focus on Economic Development, Performance/Environmental Impact, Financial/Operational Models.

U.S. Deputy Secretary of Transportation, John D. Porcari, will deliver the conference’s key note address to the hundreds of decision-makers and thought leaders expected to be in attendance.

The EACC 2010 Conference & Gala will take place at the Westin Hotel (map) in downtown Cincinnati from 10am to 9:30pm and include lunch, a cocktail/networking session following the conference, and the gala dinner. A variety of registration packages are available until Friday, April 30 at 5pm.

If you are unable to make the event, be sure to follow UrbanCincy on Twitter where we will be live tweeting from the conference using the #eaccConference hashtag.

High-Speed Rail image from Environmental Law & Policy Center.

Categories
Business News

Bold Fusion 2010 invites young professionals to realign

The 6th Annual Cincinnati USA Regional Chamber summit for young professionals takes place this Thursday, April 29. Called Bold Fusion, the event offers an opportunity for the next generation of movers and shakers to come together and “challenge the way they work and live in Cincinnati USA.”

The focus of this year’s half-day event is on innovation and reshaping traditional work and lifestyles for the future. An impressive array of presenters is lined up to inspire and invoke new thoughts. Most notably, the keynote speaker is Cincinnati-native David Pescovitz, research director at The Institute for the Future and the co-editor of popular blog BoingBoing. His goal is to shake up the views of the Bold Fusion attendees and get them to rethink they way they live and the companies they represent professionally.

“Many of the best ideas may come from unexpected contributors,” explained Pescovitz who went on to say that those contributors can come from so far outside an organization’s own walls that they even speak a different language.

2009 Bold Fusion attendees [LEFT] were treated to Richard Boehne, CEO of E.W. Scripps [RIGHT], who served as the summit’s keynote speaker last year. Images provided.

The other speakers are nothing to scoff at, either. The day kicks off with LPK’s Vice President of Trends, Valerie Jacobs, giving a “back cast” that will look at the ways sociocultural trends have shaped our lives over the last several years, in order to propel us into the future.

There will also be other local professionals giving their personal accounts of jumping into the murky waters of innovation, and how they have grown and changed through those experiences, including Chris Ostoich of Blackbook and Ignite Cincinnati; Chris Graves, Enquirer Media/Locals on Living and Amy Storer-Scalia of CincyChic; Erika Brown, P&G Beauty & Grooming Brand Manager of Digital Strategy & Innovation, Founder of BeingGirl.com and Co-founder of Tremor; Meredith Holthaus and Pete Healy, Museum of Advertising; Elizabeth Edwards, Metro Innovation; and Steve Burns of AMP Electrical Vehicles.

A new twist this year is the introduction of Bold Fusion’s “Lounge 140” which will feature an assemblage of local social media gurus. This group will be updating attendees and those who unable to make the event through their various social media outlets. UrbanCincy’s own Jenny Kessler has been asked to be a part of Lounge 140, and will be tweeting about the event live @jenlkessler and from @UrbanCincy. Those looking to follow along with the live tweets about Bold Fusion can follow #CincyHype and even join in the conversation.

So, in a nutshell, why should you come to Bold Fusion?

“Bold Fusion 2010 wants all of Cincinnati USA’s creative makers, hackers, innovators and passionistas to participate in the largest convergence of young talent in a single place, around a single topic in the region,” said Jennifer Young, Marketing Communications Manager for Cincinnati USA. “Press pause, realign and decide what to make of your future.”

Bold Fusion will take place Thursday, April 29 from 1pm to 5pm at the Westin Hotel (map), with a happy hour event following the summit from 5pm to 7pm. Nonprofits and companies sending two or more people to Bold Fusion can purchase tickets for $45. College students can register for $35, Cincinnati USA members will be able to get in for $60 and all others will be able to attend for $85. You can register online now or by calling (513) 579-3111.