Tag: university heights

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Business News Transportation

Is Cincy RedBike America’s Most Financially Successful Bike-Share System?

RedBike Monthly Ridership Totals
RedBike Monthly Ridership Totals

Since launching nearly two years ago, RedBike has been embraced by the region in a way even the bike-share system’s early proponents had not imagined.

When RedBike opened to the public on September 15, 2014 it included 29 stations, but has since swelled to 57 stations spanning two states, four cities and more than a dozen neighborhoods. The ability to expand and integrate the system across state and city lines is particularly notable as it is a feat most other bike-share systems in North America have not yet achieved.

This relatively rapid expansion has been fueled by higher than expected ridership. As of early July, RedBike had hosted 116,739 rides – or about 5,300 per month. Bolstered by more than 1,500 annual members, these ridership totals translate into some 17,683 different people who have ridden a RedBike.

“Red Bike has gotten off to a dream start. Our community has embraced this new form of transportation,” Leslie Maloney, President of the Red Bike Board of Directors and Senior Vice President of the Carol Ann and Ralph V. Haile, Jr./U.S. Bank Foundation, said in a prepared release. “We will work to continue providing the highest quality and most fun transportation option in Cincinnati.”

Following the trends of bike-share systems elsewhere throughout the world, approximately 74% of its riders have either never ridden a bike before or at least not within the month before RedBike opened. This data makes many bike advocates in the region looking for ways to improve road safety for the surge of new cyclists out on the streets.

The biggest news in RedBike’s recently released annual report, however, pertains to its finances.

While many bike-share systems around the country have struggled financially, RedBike has been able to operate in the black since its inception, and has grown its cash reserves year-over-year.

In 2014 RedBike had a total of $234,251 in expenses and $1,144,911 in revenues. That net income grew in 2015 when the bike-share system had $484,389, but $1,740,792 in revenues. This net income, RedBike officials say, is used to purchase capital equipment necessary to keep the system fully functional.

While it is difficult to find bad news in the financial details released by RedBike, one might look at the fact that direct program income (user fees) cover only 65% of program expenses. When factoring in sponsorships, a fairly reliable and steady stream of income, it covers nearly 118% of program expenses.

All of the other income sources help to further stabilize the system, keep it operating at reliable and optimal levels, and are helping build a reserve fund that could be used to offset unexpected capital expenses or lower than anticipated operational performance.

“UC Health is thrilled to be the presenting sponsor of the RedBike program,” said Dr. Richard P. Lofgren, President and CEO of UC Health. “As someone who lives downtown, all I have to do is look outside to see how successful this program is, and how bike share has been embraced by the citizens of Cincinnati.”

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Business Development News

VIDEO: Mary Beth McGrew Overseeing UC’s Continued Bold Campus Plans, Designs

The University of Cincinnati has almost completely transformed itself, both academically and physically, over the past 20 years; and one of the people most responsible for that transformation is Mary Beth McGrew.

Over the past decade, McGrew, as University Architect, has overseen the master planning, design, construction, renovation and beautification of 117 buildings with 13.5 million square feet of space, across seven UC locations. She and her team have also managed the sustainability efforts.

What was once a largely commuter school now has become more of an on-campus university – sparking the construction of thousands of residential units in Uptown‘s neighborhoods. What’s more, UC’s main campus has seen virtually every surface parking lot replaced by new development or green space; and continues to see above-ground structures replaced by other more productive uses.

Through her work, and others that preceded her, the University of Cincinnati now boasts one of the world’s most distinctive and award-winning campuses. Such accolades only continue to grow as the university continues its transformation through major projects such as the $86 million renovation of Nippert Stadium, $87 million renovation of Fifth Third Arena, or the construction of the planned new Colleges of Business and Law.

Learn more about the woman behind the designs and plans in the following three-minute video.

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News Transportation

UC Students, Staff Call on Metro to Make Additional Uptown Service Enhancements

University of Cincinnati’s Department of Planning+Design+Construction recently partnered with Metro for an on-campus listening session for input on how to better serve the Uptown community. The two-day outreach event included meetings with students, faculty and staff on both the main campus and medical campus to gather feedback from current bus riders and non-users.

In line with the many other community engagement sessions Metro has hosted throughout the city over the past year, participants were asked how they would like to see Metro improve, while non-riders discussed what was needed to get them to choose taking the bus.

Among the faculty and staff responses, improving east-west crosstown routes and frequency topped the list, followed by adding frequency to the existing 17, 19, 78 (Lincoln Heights) and 43 (Bond Hill) lines, adding express service between Uptown and Liberty Township, improving evening frequency, and adding more ticket vending machines.

Student feedback requested modernizing the fare box; adding evening and weekend frequency on the 19, 51, and 78 lines; improving instructions on how to ride the bus; adding a public display that monitors the number of available bike racks on the bus (currently, each bus has a capacity of two); and integrating the UC Bearcat card as a form of payment for bus fare.

Additionally, staff from the university presented a proposal for a new bus route called the University Connector. Similar to the 51, the route would connect Northside, Clifton, Walnut Hills, Oakley, and Madisonville, with a center circulator around three sides of UC’s main campus.

University staff members believe the route would minimize transfer wait times and improve accessibility to key academic buildings on UC’s main campus, and improve connectivity with the medical campus. But while the proposed circulator service would use established Metro stops, its location in Oakley would not take advantage of the new $1.2 million Oakley Transit Center that will break ground later this year.

As the building boom continues at a rapid pace in Uptown, a growing focus is being placed on improving the area’s transportation access – both UC’s student government and Board of Trustees have recently stated their support for extending the Cincinnati Streetcar up the hill, Metro launched Metro*Plus in 2013 and established the Uptown Transit District in 2014, which features enhanced stations, ticket vending machines, real time arrival signage, and improved wayfinding design.

There is currently no timetable for implementing any of the recommended improvements, but it is widely anticipated that Metro will put a county-wide transit tax on this November’s ballot that would be used to improve the agency’s bus operations.

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Business Development News

PHOTOS: Building Boom Changing the Face of Uptown Neighborhoods

The Verge [Eric Anspach]

While the construction activities taking place in Over-the-Rhine and Downtown often grab the most headlines, it is actually the city’s uptown neighborhoods where some of the most dramatic construction progress is taking place.

Numerous projects are underway that are adding four- to six-story structures all over Clifton Heights, Corryville, University Heights, Clifton, and Mt. Auburn.

The $15 million, 115-room Fairfield Inn & Suites is now topped out and filling in the remaining piece of the U Square at The Loop block along W. McMillan Street. Once this portion of the development is complete, attention will turn to developing the planned office building along Jefferson Avenue in between W. McMillan Street and Calhoun Street.

Just down the street from the hotel project site is The Verge – 178-unit residential development – which is also now topped out. This project has stirred controversy due to its demolition of two historic structures that were once on the site. In addition to that, the project is replacing a large surface parking lot and several small homes.

In Corryville, the finishing touches are being put on the $30 million, 147-unit VP3 residential development that, like The Verge, is targeting students studying at the University of Cincinnati. Likewise, the $25 million 101 E. Corry project is bringing an additional 123 apartments and eight townhomes to the historic neighborhood.

Nearby, and on the border of Clifton Heights and Corryville, is the University Plaza site, which has now been fully demolished of its previous structures. While the new development footprint will not differ significantly from what was there before, a new Walgreens is already nearing completion, and a new Kroger grocery store, twice the size of the previous store, will also soon begin construction as part of a $24 million redevelopment effort.

Finally, the $17 million, 117-unit Gaslight Manor residential development in Clifton is on-pace to be completed later this year. This project is replacing a less dense apartment complex that previously occupied the hilly site immediately northwest of Good Samaritan Hospital.

EDITORIAL NOTE: All 17 photographs were taken by Eric Anspach in February 2016.

Categories
News Transportation

VIDEO: Cincy Red Bike Provides New Transportation Choice for the Urban Core

Although it launched less than two years ago, Red Bike has already become a very popular way to get around Cincinnati’s urban core. This new transportation option seems to be equally popular with recreational riders and those seeking to get around for practical purposes.

In a new video produced by Give Back Cincinnati — the second in a series on new transportation options in the city — the creation and growth of Red Bike is explored.

Be sure to check out the first video in the series, which focused on the tri*Metro program, and stay tuned to UrbanCincy for the third and final part of the series.