Real Estate Development

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URBAN RENAISSANCE
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T H E B A N K S
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Background
T H E B A N K S B A C K G R O U N D

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Background
T H E B A N K S B A C K G R O U N D

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T H E B A N K S B A C K G R O U N D

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Cincinnati Riverfront Today
T H E B A N K S
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T H E B A N K S P H A S E 1
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Infrastructure Program
T H E B A N K S P H A S E 1
Garage 45 million 1380 Total Spaces 290
Dedicated Parking Spaces Street Grid 21.5
million
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T H E B A N K S P H A S E 1
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Development Program
T H E B A N K S P H A S E 1
Phase 1A 300 Apartments 70,000 SF Restaurants
and Retail 209 Developer Parking Spaces above
Podium 71,000,000 Project Costs Phase
1B 350,000 SF Office Building 100 Developer
Parking Spaces above Podium 200 Key Hotel For
Sale Residential
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T H E B A N K S
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T H E B A N K S
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T H E B A N K S
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Construction Progress
T H E B A N K S
July 2008
February 28, 2009
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T H E B A N K S
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AccessibilityPark GarageInclusion
NetworkStreet GridPublic Works
Accessibility Committee
T H E B A N K S
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Sustainability
T H E B A N K S

• Recycling - 3,900 tons of demolition concrete
  asphalt ground onsite, 100 tons of steel
  reinforcing recycled.
• Resource Efficiency - Energy-conserving
  appliances, low-flush toilets, ground thermal
  energy exchange (geo-thermal)
• Renewable Energy Generation Solar photovoltaic
  panels, wind micro-turbine or vertical turbine
  arrays, solar thermal energy exchange

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T H E B A N K S S T R E E T C A R S


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S T R E E T C A R S

• What is it?
• Electric streetcar operating on fixed rail
• Runs with traffic at an average speed of 13 mph
• Runs 18 hours per day, 365 days per year
• 10 minutes peak headways (wait time)/20 minutes
  off peak headways
• Utilizes a single overhead catenary wire to
  minimize visual impacts
• 7 modern cars

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T H E B A N K S S T R E E T C A R S

• Where does it go?
• The route connects
• The Banks,
• Government Square,
• Fountain Square,
• Aronoff Center
• Contemporary Arts Center
• Gateway Quarter,
• Findlay Market,
• Washington Park,
• Brewery District,
• SCPA
• Music Hall, and
• Uptown destinations

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S T R E E T C A R S
Where can it go? Public consensus, GO
Cincinnati, and policy agree that an
Uptown-Downtown connection is critical to the
streetcars success. Specific Uptown routes are
still subject to study, but study options will
include connector route options and several
circulator loops.

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S T R E E T C A R S

• What will it do?
• Connect the citys two largest employment centers
• Complement development
• Stimulate development that would otherwise not
  occur
• Help generate revenue that can be used citywide
• Enables more efficient land use
• Increase density
• Spur job creation
• Help create a city people choose
• Support sustainability

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2.71 benefit to cost ratioCongestion
Management benefits Affordable Mobility
benefitsCross Sector benefitsProperty Value
Premiums 141 economic impact to cost
returnPotential redevelopment of existing
vacant and under-utilized floor areas along the
route Potential redevelopment of 92 acres
ofexisting surface parking lots along the
route
S T R E E T C A R S
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S T R E E T C A R S
What will it cost to build? Total Capital Costs
128 mil. Total Operating Costs
3,500,000/year This investment will construct
the all of the Downtown/OTR segments and the
connector to Uptown. The recommended local
government sources cannot be used for the Citys
general operating expenses such as police
services, garbage collection, or health services.
The proposed financing balances the streetcar
system with other projects such as The Banks
and Over The Rhine development.

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S T R E E T C A R S

• Why is it important?
• Connect destinations in our top 2 employment
  centers
• Spur new developments
• Create a competitive city where people choose to
  live, to visit, and to do business

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T H E B A N K S S T R E E T C A R S

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T H E B A N K S P A R K
September 29
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T H E B A N K S P A R K
September 29
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T H E B A N K S P A R K
September 29
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T H E B A N K S P A R K
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Over-the Rhine The Gateway Quarter
0.56 Square Miles 110 Blocks
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Focus Place
Over-the Rhine The Gateway Quarter
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Over-the Rhine The Gateway Quarter
Focus Place
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Where the Buildings Hit the Street
Over-the Rhine The Gateway Quarter
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Where the Buildings Hit the Street
Over-the Rhine The Gateway Quarter
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Where the Buildings Hit the Street
Over-the Rhine The Gateway Quarter
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Over-the Rhine The Gateway Quarter
Where the Buildings Hit the Street
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Over-the Rhine The Gateway Quarter
Where the Buildings Hit the Street
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Over-the Rhine The Gateway Quarter
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Over-the Rhine The Gateway Quarter
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Over-the Rhine The Gateway Quarter
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Walkability
Over-the Rhine The Gateway Quarter
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NEIGHBORHOOD IMPROVEMENTSCLIFTON
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NEIGHBORHOOD IMPROVEMENTSMT ADAMS
Neighborhood Improvements Hyde Park
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RED BANK CROSSING 400
JOBS-24.5MILLION INVESTED
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DUNHUMBY300 CURRENT JOBS 150 MORE
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GRAETERS PRODUCTION FACILITYON PORTION OF 25
ACRE COMMERCIAL PARK
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KEYSTONE AT DANA100 MILLION CAMPUS- 2000 JOBS
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KZF AT 8TH AND BROADWAY6 MILLION INVESTED-100
JOBS-LEED SILVER
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MEDPACE-SITE PREPARATION1300 JOBS
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QUEEN CITY SQUARE322 MILLION INVESTMENT-41
STORIES
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Lofts at Fountain Square
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Lofts at Fountain Square
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THE McALPIN
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GOVERNMENT SQUARE
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PARK PLACE AT LYTLE
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SCHOOL FOR THE CREATIVE AND PERFORMING ARTS
K-12