Categories
Arts & Entertainment Business News

PHOTOS: Mayor Mallory Energizes Supporters at Streetcar Social

Hosting their monthly Streetcar Social, Cincinnatians for Progress braved the summer heat wave at Rhinegeist Brewery as crowds gathered to listen to the featured speaker of July.

Cincinnati Mayor Mark Mallory (D) took to the stage, presenting an update on phase one of the Cincinnati Streetcar project, to a room filled with approximately 200 supporters. Several City Council members were also present, including Wendell Young (D), Laure Quinlivan (D), Chris Seelbach (D), and representatives for Vice Mayor Roxanne Qualls (C) and City Council Candidate Mike Moroski (I).

The Mayor spent the beginning of the event mingling with the crowd, followed by delivering a 20-minute presentation that recapped the official signing of the streetcar construction contract with Messer, and the continued progress with utility relocation along the phase one route.

An updated CAF streetcar model was shown with interior finishes, and Mayor Mallory explained that Cincinnati’s five streetcars will have cutting-edge technology that will be the first of their kind to operate in North America.

Mayor Mallory also showed a rendering of the streetcar maintenance facility, which will be erected in the lot adjacent to Rhinegeist, and explained that the current cinder-block structure will be demolished so that the new facility can be built along Henry Street.

“We’ve decided to name the maintenance facility the Center of Advanced Streetcar Technology, or COAST for short,” Mallory quipped to a boisterous audience, as he commented about the anti-streetcar group with the same acronym.

The mayor continuously expressed his gratitude for supporters, both new and those who have been on for the long haul.

“Investing in the Cincinnati Streetcar will help stabilize the city’s tax base and repopulate the Queen City; the greatest challenge facing us today.”

All photographs were taken by Paige Malott and Travis Estell for UrbanCincy.

Categories
Development News

Demolition of Evanston’s Long-Troubled St. Leger Place Begins

IMG_0387The apartment building known as St. Leger was built in 1905 and is situated at the intersection of Gilbert Avenue and St. Leger Place. The building has long been known as a problem property in the city, but is now being redeveloped by The Model Group.

The existing building and its 81 units for low-income renters had been the location of many criminal problems including being the scene of the city’s first homicide this year.

The process started late last year when the building was purchased by The Model Group. The original plan was to partially renovate the building and tear the rest down, but over time the developers have decided to move forward with a full-scale demolition of the property in order to make way for new construction.

The demolition is one of a host of projects throughout Hamilton County that was partially funded from the Moving Ohio Forward program.

Last year the City of Cincinnati was awarded $5.8 million from the program, which was then matched by an additional $3.5 million from the city and $5.3 million from the Hamilton County Land Reutilization Corporation. These funds will ultimately be put toward demolishing hundreds of buildings throughout the county.

“It wasn’t a positive space,” Thea Munchel, Walnut Hills Redevelopment Foundation (WHRF) real estate development officer told UrbanCincy, “The development that Model Group is proposing will transform Five-Points and rejuvenate Evanston.”

While the WHRF focuses primarily on Walnut Hills, its coverage area also includes this part of Evanston as well as some other neighborhoods adjacent to the historic neighborhood.

The new development’s name, St. Ambrose Apartments, was chosen to honor Evanston’s reputation in the educating community after the Patron Saint of Learning.

According to the developers, St. Ambrose Apartments will have 26 new townhouses and flats – a net reduction of 55 residential units – and will contain one-, two- and three-bedroom units priced at an affordable level for families. Developers also say that they will be working toward LEED certification for the proejct.

Work on the project began yesterday and the development is anticipated to be completed in the summer of 2014.

“Demolition of this longtime problem property is emblematic of the turnaround in Evanston that is happening right before our eyes,” said Vice Mayor Roxanne Qualls (C), who launched her mayoral campaign just blocks away. “It illustrates the impact that one problem property can have on an entire neighborhood. This is a great day for Evanston.”

Categories
Up To Speed

Mexico to invest $100B in its infrastructure over next five years

Mexico to invest $100B in its infrastructure over next five years.

It’s been no secret that America has fallen behind on its infrastructure investments. In fact, the American Society of Civil Engineers recently improved the nation’s infrastructure grade to a D+ from a D. Now that’s improvement! Meanwhile other countries are heavily investing in their infrastructure, like Mexico’s recent announcement to invest $100 billion in its rail, ports and roads over the next five years. More from Bloomberg Businessweek:

The Mexican government announced plans Monday to invest about $100 billion in rail, road, telecom and port projects over the next five years, including Mexico’s first high-speed rail links. Among the projects are the modernization or building of four airports, seven seaports and about 3,350 miles (5,410 kilometers) of highways. The government will strengthen fiber optic networks and expand broadband internet access, and speed up freight train service.

But in announcing the plan, President Enrique Pena Nieto emphasized the goal of reviving passenger trains in Mexico…Pena Nieto said Monday that about 360 miles (583 kms) of high-speed rail links will be built, including links between Mexico City and the nearby cities of Toluca and Queretaro. Another line will cross the Yucatan Peninsula.

Categories
Business Development News

Promise of Streetcar Driving Occupancy Rates at Hanke Exchange

The owners of The Hanke Exchange – a collection of five buildings in Over-the-Rhine between Reading Road and Michael Bany Way – have announced that Teach for America will open their Cincinnati office at the Jupiter Building at 1110 Main Street.

Teach for America, a non-profit focusing on urban education, will reportedly occupy 4,019 square feet of street-level space.

The property now has an 84% occupancy rate, which stood at a paltry 28% just three years ago, and the Stough Group, which owns the properties; believe they can reach 100% occupancy by the end of the year.

Hanke Building
The Hanke Building’s street level space was more recently used as a headquarters for the Barack Obama campaign. Photograph by Travis Estell for UrbanCincy.

“With regards to our tenants, we like to have a wide range of users, from creative or restaurant contacts to corporate and institutional users due to our access to parking,” explained Scott Stough, Director of Marketing, Stough Group.

The Hanke Exchange not only has direct access to the Parkhaus Garage, but also to a 32-space parking lot behind the 137-year-old Hanke Building on Sycamore Street.

Scott went on to say that the final tenant they are pursuing for the first floor space at the Hanke Building is a “progressive institutional tenant” that is extremely interested in the area and excited about being in such close proximity to the new streetcar.

If that lease works out, it would mark the sixth corporate or institutional tenant to lease space including US Bank, Grifol’s PlasmaCare, Human Capital Institute, and the Stough Development Corporation.

Later this month, the owners say they plan to update the wall painting on the side of 1116 Main Street to reflect the new Hanke Exchange branding. It is a move that the Stough Group hopes will boost visibility as the first phase of the Cincinnati Streetcar is built with a stop right across the street.

“I cannot speculate on property values, but I believe the streetcar is an important first step in developing public transportation for our city’s urban core,” Scott concluded.

Categories
Up To Speed

Should Ohio transition to a VMT tax?

Should Ohio transition to a VMT tax?.

Public dollars for transportation infrastructure seem to be getting ever scarce. This is the result of a wide array of issues, but one of them is the outdated form of collecting revenues to fund our nation’s transportation infrastructure. In some state’s they are beginning to look at transitioning from their traditional gasoline tax to a vehicle miles traveled (VMT) tax. More from NextCity:

According to the Institute on Taxation and Economic Policy, gas taxes finance about a third of highway construction and maintenance. But because of inflation and improved fuel efficiency, the purchasing power of gas taxes — how much actual concrete, steel and labor they buy — has been decreasing, sometimes forcing state and federal officials to forgo infrastructure improvements.

By taxing every car at the same rate, VMT programs ensure that drivers pay an amount proportional to how much they drive. VMT systems, though, don’t have all the same mechanisms as gas taxes: They don’t incentivize people to drive fuel-efficient cars, for instance, nor do they discourage the use of heavy vehicles that cause increased wear on highways.