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Will Wendy Lea take Cintrifuse to the level of launching high-growth companies?

Will Wendy Lea take Cintrifuse to the level of launching high-growth companies?.

Cintrifuse tapped a high-profile Silicon Valley exec to fill its CEO role the other month, and now they’re looking to see how they can grow the two-year-old startup incubator into something that starts churning out big successes. So, which of their member startup companies will be the first to make it big and produce hundreds of jobs locally? More from The Enquirer:

So the pieces are in place for Lea, who has built companies from the ground up and is hardly intimated by the huge expectations. She shares them. The new CEO won’t be happy with Cintrifuse simply being a force in the region or state. Lea expects Cintrifuse to deliver on its local promise while taking on a national profile.

“I have a real sense of urgency to build on the foundation that’s been created. (The business community) had a vision, they assembled a team, they’ve got these assets together,” she said.

“And now I need it to go a lot faster and be a lot stronger and more visible. Cintrifuse has a structure and it’s very organized. We should be able to go fast.”

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Development News Opinion

Redesigned Streetscapes Could Turn Fourth and Race Streets Into Vibrant Public Spaces

Fourth Street offers one of the more impressive urban street canyons in all of America. Its pre-war high-rises dominate the streetscape and offer a glimpse into the proud history of Cincinnati.

Once the very center of business activity, Fourth Street was historically known as the region’s financial district – a place where all the power players lingered and conducted business. Since its heyday in the early 20th century, that center of financial clout has shifted. Some say it has shifted to Third Street, while others say it has moved east along Fourth or even north to Fifth Street.

In any case, many of those power players are now in other nearby districts, while the impressive structures they built are left behind.

City leaders had believed, with good reason, that Fourth Street would become the region’s premier shopping destination. However, with the demise of downtown malls and department stores, that vision never fully came to be.

All has not been lost though. Virtually all of the impressive, historic urban fabric remains and has since been largely converted into residential space. There is also a movement afoot from some business and civic leaders to breathe new life into not only Fourth Street’s retail scene, but Race Street’s as well.

Part of the ongoing transformation includes Mabley Place, which converted the former Tower Place Mall into a parking garage with street-level retail, the proposed 30-story residential tower that would replace the aging Pogue’s Garage, and the nearby and soon-to-open dunnhumbyUSA headquarters tower.

There is even the possibility of Fourth Street being converted back to two-way traffic following the activation of the now unused ramp to I-75 from Third Street.

As all of these projects start to become reality, they offer a unique opportunity to redo the public space in the area. One particular area that has long needed a redo, and has been the subject of many studio projects at DAAP, is Fourth Street’s dated streetscaping. Not only does the design of the sidewalks, benches and street trees leave much to be desired, they also do not follow standard good design practices.

The renovation of Fountain Square realized this and implemented good urban design practices in its final product. Things like softscaping and movable furniture are powerful elements to a good public space. The same could be done along Fourth Street’s, and for that matter much of Race Street’s, wide sidewalk widths.

Being in the midst of the digital age, it would also make sense to make the area more welcoming to tech users by implementing Internet hot spots and including solar-powered charging stations at benches and tables set up along the street.

Specifically, the areas best suited for such a transformation would be the north side of Fourth Street between Vine and Elm, and the east side of Race Street between Fifth and Seventh.

With more and more hotels opening up downtown in general, and specifically on or very near Fourth Street, this public space could also serve as a convenient and desirable ‘third place’ for travelers that are looking to spend some time out in the city, without feeling obligated to purchase endless cups of coffee or beer, but not also be trapped inside their hotel room.

Such a design could also activate the largely lifeless corridor with people from all backgrounds, and provide more passing customers for existing and potential businesses looking to setup shop there.

With all the construction taking place and about to get started, it would make most sense to leverage these private investments to improve this public space at the same time. Heck, it might even be the perfect opportunity to connect the new Central Parkway Cycle Track with the Ohio River Trail.

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Arts & Entertainment News Transportation

PHOTOS: Metro Partners With Richard Renaldi on ‘Touching Strangers’ Bus Shelter Exhibit

As part of the latest partnership of the Southwest Ohio Regional Transit Authority (SORTA) and ArtWorks, 60 bus shelters throughout the city of Cincinnati now feature photographic portraits of local residents, part of a project by nationally renowned photographer Richard Renaldi.

Due to a 2013 decision by Cincinnati City Council to prohibit advertising in the city right-of-way, SORTA as been left with the question of how to fill sign panels in Metro bus shelters. Last year, the transit agency partnered with ArtWorks to present a series of graphic prints, inspired by works of literature, on 24 bus shelters.

This year the entities have again teamed up to present Touching Strangers: Cincinnati. This project is also part of the 2014 edition of Fotofocus, a biennial celebration of the art of photography.

Originally from Chicago, Renaldi now works out of New York, and his work has been exhibited in galleries and museums around the world.

Renaldi took the photos during a June visit to the city. Residents of Cincinnati area posed for the photos; most feature two people, but in several of the images three are included. The subjects were strangers to each other, having met only for the taking of the pictures, yet are positioned in poses in that suggest a level of intimacy.

Four ArtWorks youth apprentices and two local professional photographers worked with Renaldi and produced additional Touching Strangers portraits.

Renaldi and several of the apprentices dedicated the collection of photos at an event on October 16 at a shelter on Sycamore Street downtown. On hand was a Metro bus that has been wrapped with one of the images from the collection.

Many of the shelters featuring the portraits are centrally located downtown and in Over-the-Rhine, the West End, and Uptown, but others are scattered around the city in neighborhoods such as Westwood, Roselawn, and Oakley.

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News Transportation

EXCLUSIVE: Donald Shoup Talks Parking Policy, OTR Permit Fees With UrbanCincy

Donald ShoupIn advance of his lecture Tuesday at the Mercantile Library, UrbanCincy was able to get an exclusive interview with Dr. Donald Shoup to discuss a variety of issues ranging from Cincinnati’s own parking management efforts, the controversial OTR Parking Permit proposal and how parking reform is changing with the emergence of ride sharing services.

The digital interview took place on Thursday, October 23 and included the following discussion.

John Yung: Last year the City of Cincinnati almost committed to leasing its parking meters and some garages to a private corporation (Xerox) for a lump sum payment and yearly revenue for 40 years. What are your thoughts on cities attempting to lease or sell their parking assets to generate revenue?

Donald Shoup: Like burning all the furniture to stay warm on a cold night, selling a city’s parking meters for an upfront payment to cover current operating expenses is a bad idea. Some cities are considering more farsighted parking contracts that share the annual revenue rather than maximize the upfront payment. A contract with a professional operator who meets performance pricing goals and shares the resulting revenue with the city can give the city two big advantages: a well-managed parking system and a perpetual stream of income.

For example, a city can require its private contractor to set meter rates that keep the curb occupancy rate between 75% and 95% on every block for at least a certain number of hours every day, with penalty payments for failure to meet the occupancy goal. If professional operators can manage parking more effectively and at lower cost than cities can, private contracts with performance goals can be a good deal for almost everyone.

Xerox already manages the prices for on-street parking in downtown Los Angeles, and the program is a great success. Charging the right prices for curb parking produced some surprising benefits. The Express Park program showed that many meters had been overpriced, especially in the morning. During the program’s first year, 59% of the meter prices decreased and only 29% increased. Average meter prices fell by 11% and average parking occupancy increased by 17%. Total meter revenue increased by 2.5%. Parking reform is working well in Los Angeles.

Yung: Cincinnati political leadership is currently looking at increasing meter rates, hours and implementing a residential parking plan for Over-the-Rhine, a neighborhood that is next to the central business district. The residential permits are proposed to be $300 a year, which will be the highest permit price for on-street parking permits in the country if implemented. The neighborhood is very walkable; however, many employment centers and retail destinations are not very accessible by transit therefore many residents of OTR still have to drive.

Do you think that this is a fair market price for a neighborhood in a city like Cincinnati where approximately 10% of the population utilize some form of alternative transportation?

Shoup: The proposed price of $300 a year for a residential parking permit seems chosen to generate revenue rather than to manage parking. It is less than $1 a day, but an on-street parking permit may not be worth even that low price to some residents. I would instead aim for the fair market price, which means the price at which demand equals the available supply.

Yung: The city is currently in the midst of a zoning code rewrite and the topic of parking requirements is up for debate. Last year the city eliminated parking requirements in the CBD and OTR; however, there is little appetite from city leaders and planners to expand the effort to other areas.

In discussions, some developers advocated for parking requirements as a way to protect on-street parking impacts around the University of Cincinnati and other high-traffic commuter areas. They argue that there are not enough parking options in the area and other developers, eager to cut costs by cutting out parking if the requirement is eliminated, would incidentally create more demand for scarce on-street spots for students and visitors.This is similar to a debate in Portland regarding high-density apartments. What would your response to this be? Are there instances where you think parking requirements would need to be preserved?

Shoup: If Cincinnati uses fair market prices to manage on-street parking – the lowest prices that will leave on or two open spaces on every block at every time of the day – it won’t have to require off-street parking spaces for every land use. If the government regulated any other aspect of our lives as precisely as it regulates the number of off-street parking spaces everywhere, everyone would join the Tea Party.

Yung: Futurist seems to be talking about driverless cars as a way to streamline commutes for suburbanites however there is also some discussion on utilizing them as a automated taxi service in cities. What are your thoughts on driverless cars and what do you think their impacts will be on cities and parking reform?

Shoup: I don’t think driverless cars will have a big impact on cities during my lifetime. I do think that Uber, Lyft, Zipcar and the like are already having a big impact.

Yung: Can you elaborate on how car sharing services are impacting the parking demand market in cities?

Shoup: Uber, Lyft, and Zipcar reduce parking demand because they can substitute for a second car or even a first car for some families. Several studies of carsharing services like Zipcar have found that each shared car replaces between 9 and 13 privately owned cars because carshare members reduce the number of cars they own or avoid buying a car as a result of joining. Here is the link to a recent article about how carsharing reduces vehicle ownership and thus parking demand. And here is the link to another article about how dedicating an on-street parking space for a shared car reduces the demand for car ownership and thus parking demand.

Yung: SFpark has been widely discussed as a success in national urban blogs. Do you think this system is the ideal model for ensuring demand driven market pricing for parking in cities? Are there any suggestions that you would make to change or improve this system?

Shoup: SFpark, San Francisco’s new pricing program, aims to solve the problems created by charging too much or too little for curb parking. If the price is too high and many curb spaces remain open, nearby stores lose customers, employees lose jobs, and governments lose tax revenue. If the price is too low and no curb spaces are open, drivers who cruise to find an open space waste time and fuel, congest traffic, and pollute the air. SFpark bases the price adjustments purely on observed occupancy.

Planners cannot reliably predict the right price for parking on every block at every time of day, but they can use a simple trial-and-error process to adjust prices in response to occupancy rates. This process of adjusting prices based on occupancy is often called performance pricing. Beyond managing the on-street supply, SFpark helps to depoliticize parking by setting a clear pricing policy.

San Francisco charges the lowest prices possible without creating a parking shortage. Transparent, data-based pricing rules can bypass the usual politics of parking. Because demand dictates the prices, politicians cannot simply raise them to gain more revenue. Here is the link to a short article that explains SFpark.

Immediately after conducting this interview with Dr. Shoup, it was revealed that many recently constructed parking garages in Portland, as required by law, are now sitting mostly empty.

Dr. Donald Shoup’s lecture at the Mercantile Library will take place tomorrow at 6pm. The Mercantile Library is located less than a block south of Government Square and is accessible by a plethora of Metro Bus routes. It is also located near the Fountain Square Cincy Red Bike station.

Categories
News Transportation

Can Metro, Megabus Come to Terms on Moving the Intercity Bus Operator Into the Riverfront Transit Center?

Following the announcement last week that Megabus would relocate its downtown Cincinnati stop to a parking lot at 691 Gest Street in Queensgate, there has been a new round of public calls for the intercity bus operator to move its stop into the underutilized Riverfront Transit Center.

The move is just the latest in a series of moves after Megabus was forced out of its original stop at Fourth and Race due to construction taking place at Mabley Place, and complaints from neighbors about noise and loitering. Those complaints have since plagued Megabus as it has tried to find a new stop somewhere in the center city.

Perhaps the most troublesome complaint has been allegations of public urination at Megabus stops by their riders. As a result, city leaders have been looking for a more permanent stop location that includes public restrooms. This has led to a number of people to suggest Findlay Market and the Horseshoe Casino, near the existing Greyhound station, as possible locations.

But through all of this there appears to be a growing sentiment that the Riverfront Transit Center be used not only to accommodate Megabus, but all intercity bus operators serving Cincinnati.

“There is, of course, plenty of parking available, and riders can wait in a safe and secure enclosed area, out of the elements and with restrooms available,” stated Derek Bauman, urban development consultant and chairman of Cincinnatians for Progress. “Megabus will benefit by finally having a permanent home that was built for just this purpose.”

In addition to there being plenty of parking nearby, the Riverfront Transit Center, designed to accommodate up to 500 buses and 20,000 passengers per hour, also has plenty of capacity.

Beyond Megabus, there may be an even greater upside for other operators, like Greyhound and Barons Bus, to relocate into the Riverfront Transit Center.

“Greyhound could benefit by moving from and selling its current location near the casino, which would then be ripe for development as a hotel or other higher use. This would also save the company millions in capital dollars to fund needed upgrades and rehab of the current facility.”

As has been noted by Vice Mayor David Mann (D), someone who has served as a leader on trying to find a solution to this problem, there are difficulties with getting Megabus and others into the transit center neatly tucked beneath Second Street.

The Riverfront Transit Center is technically owned by the City of Cincinnati and operated by Metro, which uses the facility Metro*Plus layover, special events and leases some of its east and west aprons for parking. According to transit agency officials, these operations generate approximately $480,000 in annual revenue and net roughly $170,000 in annual profit for Metro.

Therefore, any new operators or changes to this structure would not only present logistical issues, but also potentially negatively affect Metro’s finances unless new revenues are collected – something Megabus has not been particularly keen of thus far.

“It’s our understanding that Megabus pays a fee to share transit facilities in other cities,” Sallie Hilvers, Metro’s Executive Director of Communications, told UrbanCincy. “As a tax-supported public service, Metro would need to recover the increased costs related to maintenance, utilities, security, etc. from Megabus, which is a for-profit company.”

Hilvers also stated that while Metro is open to the idea, that there would also be some legal and regulatory issues that would also need to be addressed.

Nevertheless, the Riverfront Transit Center seems to be the logical place to consolidate intercity bus operators. The facility is enclosed, includes bathrooms, waiting areas, is centrally located and within close proximity to other transportation services such as Government Square, Cincinnati Streetcar and Cincy Red Bike.

“Welcoming visitors to Cincinnati at the RTC at The Banks showcases our city and is much more welcoming than a random street corner in Queensgate outside of downtown,” Bauman emphasized. “This just makes sense, it’s as simple as that. Everyone involved should continue do whatever is necessary to come to an agreement and make it happen.”

EDITORIAL NOTE: Cincinnati Vice Mayor David Mann (D) did not respond to UrbanCincy‘s request for comment on this story.