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Finance Committee to decide on critical $3.5M for Cincinnati Streetcar

Today at 3pm, Cincinnati City Council’s Finance Committee will debate whether to set aside $3.5 million, from the sale of city streetlights to Duke Energy last year, for the Cincinnati Streetcar. When the sale initially took place, the $3.5 million commitment seemed like a sure allocation for the Cincinnati Streetcar, but with a new City Council in place the issue is being debated once again.

Supporters of the Cincinnati Streetcar are encouraging the public to come and speak at the meeting, or at the very least show up in support of the Cincinnati Streetcar. Within the next month or so Cincinnati should find out if it will receive the necessary federal and state funds to make the project a reality, and allocating this $3.5 million is a clear indication of the local support for the project.

Local support is critical when applying for federal and state funding, and the lack of clear local support can often cost projects valuable dollars. So while the previous City Council indicated its support and committed the $3.5 million for the Cincinnati Streetcar, the same does not hold true for the new City Council elected this past November and it could spell serious trouble for the transportation project.

The Finance Committee will meet in the City Council Chambers located at Cincinnati City Hall (map). City Hall is well-served by Queen City Metro routes 1, 6, 10, 32, 33, 40X, 49, and 50. To see which route is most convenient for you, and to plan your trip now, use Metro’s Trip Planner.

Categories
Development News Politics Transportation

Examining parking policy from an urban perspective

The City of Cincinnati requires one parking space per residential dwelling unit throughout all four sub-districts of the Downtown Development District. For office uses there is one parking space required for every 750 to 1,200 square feet of office space.

These parking facilities could range from initially cheap surface lots to costly structured parking garages. Both facilities have the potential to severely damage the urban fabric in spite of design guidelines in place to improve their appearance. In addition to this damaging effect, the cost of parking is extraordinarily high in urban locations as parking spaces can cost between $20,000 and $30,000 per space in a structured parking garage. While surface lots are cheaper to construct, they squander valuable land and thus shoulder the cost of wasted revenues for local government and private land owners.

Thousands of parking spaces are being constructed underneath The Banks development with tens of millions of dollars in taxpayer money.

The high costs of parking are immediately passed on to the customer (tenant) which results in one of two things. 1) The price points go so high that many are priced out of the market; or 2) The costs become too much for the developer to be able to recoup based on market demands which stymie investment absent substantial public subsidies.

Neither scenario is ideal, but both are seen in Cincinnati’s urban core today. Within the Central Business District the demands are there for increased development, but the prices are higher than the market will bear. As a result affordable living spaces are often not built, and new office development is rare.

In Over-the-Rhine, demand historically was too low to warrant the high parking costs, one factor in under-investment in the neighborhood, did not exist. The demands now exist in several portions of Over-the-Rhine, but in order for the price points of units to be kept artificially low, and keep inventory moving, parking has come in the form of surface lots.

The purple building seen here will be demolished to make way for an above-ground parking garage to supply parking requirements for nearby developments.

These surface lots throughout Over-the-Rhine have lower initial capital costs, but cause negative externalities for the neighborhood – one of America’s largest and most significant historic districts – and put additional historic structures at risk of demolition for these parking requirements.

Cincinnati Beer Company owner, Bryon Martin, currently owns the former Christian Moerlein residence and office on Elm Street in the Brewery District. His plans are for a brewpub restaurant that would play on the history of the two buildings. Martin would also love to have a large outdoor biergarten area on the vacant adjacent lot, but says that parking may have to be the use for that space at least initially.

There are potential solutions out there to balance out this equation without extreme demands that drive price points of investment in the neighborhood to unaffordable levels, or massive public subsidies. Over the next several weeks UrbanCincy will be looking into these potential policy solutions and how they might impact investment in our urban neighborhoods, preservation of the city’s historic building stock, and help change the way in which we design our communities.

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News

A Vision for High Speed Rail in America

  • “Investing in our infrastructure, and investing in our transportation pays big dividends.”
  • “What we need is a smart transportation system equal to the needs of the 21st century, a system that reduces travel times and increases mobility, a system that reduces congestion and boosts productivity, a system that reduces destructive emissions and creates jobs…what we’re talking about is a vision for high speed rail in America.”

-President Barack Obama discussing the importance of a quality high speed rail system for America.

  • “Most other countries, that have addressed this issue, have adopted high speed rail as the next generation high capacity, fast link between their major cities.”
  • “We need to assess what 21st century transport links we are going to need”

-Transport Secretary Lord Adonis as he speaks about the transportation issues facing the United Kingdom over the next several years.

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News

Carol Coletta on the 21st Century Creative Economy

Carol Coletta, President of CEOs for Cities, gave the keynote address at DC’s Summit on the Creative Economy. The video below is a selection of that keynote address and poses several interesting ideas on how to manage and work within the new creative economy that revolves around cities.

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Development News Politics

Downtown Cincinnati needs more residents

Downtown Cincinnati has experienced tremendous progress over the past 10 to 15 years. The Aronoff Center for the Arts was built along Walnut Street which sparked the investment seen in the nearby area now called the Backstage District, two new professional sports venues were built along the riverfront along with the National Underground Railroad Freedom Center, the convention center was expanded, the Contemporary Arts Center was prominently rebuilt, the renovation of Fountain Square sparked millions of dollars worth of spin off investment nearby, and hundreds of new housing units have been developed.

Over this same time crime rates have gone down, population has increased, commercial occupancy rates have held steady, retail spaces have filled up, and the hotels boast the highest occupancy rates in the metropolitan region. But as in any situation, one solution often creates another problem.

Case in point, the Metropole Apartments on Walnut Street are now slated to become a trendy 12c Museum Hotel which will relocate the low-income residents that currently call the building home. This will not only create a difficult situation for the large number of people living there, but it will also take away a large number of full-time residents from the downtown population.

The same situation is shaping up at the Phelps apartment building that fronts onto the picturesque Lytle Park. The 137 apartments there will more than likely be lost to an extended stay hotel that will take advantage of the downtown commercial success, but once again, another large block of full-time residents will be lost in the process.

The interest in the downtown commercial market is very encouraging, but downtown must be able to be thriving both commercially and residentially in order for it to become that 24-hour downtown we all hope it will become. The apartment conversion of the historic Enquirer Building will help offset the aforementioned residential loses, but an apartment conversion of the historic Bartlett Building would also do wonders for the residential component of downtown.

The Banks is slated to add hundreds of new residents to the urban core, but there are also great opportunities for residential density at 5th & Race, 7th & Vine, Court & Walnut, and Court & Elm/Race. A residential strategy should be employed to best maximize the use of these areas – high rises at 5th & Race and 7th & Vine, midrise at Court & Walnut, and a mixture of townhouses/rowhouses at the Court & Elm/Race area would seem to be a good strategy off-hand that would create different price points and unit options that would appeal to a wide variety of people.

To become a truly vibrant downtown beyond the hours of 7am to 8pm, Cincinnati must develop a downtown residential plan that will massively grow the downtown population base and infuse the area with a mixture of young people, families, and retired individuals. If this can be achieved, then the retail and nightlife mixture we all hope for will follow.

Phelps Apartmens photo by Mark Bowen of the Cincinnati Business Courier.