Cincinnati City CouncilNeighborhoods Committee
Update: Projects & PartnershipsPort of Greater Cincinnati Development Authority
Laura Brunner, President & CEO
Paula Boggs Muething, Vice President & General Counsel
January 27, 2014
Port Authority: Staff
Port Authority: Focus Areas
4
“To improve the economic vitality of the region through catalytic investment”
Transportation & Logistics
Real Estate Development
CommunityRevitalization Public Financing
Inclusion and Community
Relations
Communication
• Hamilton County Land Reutilization Corporation • Non-profit, quasi-governmental entity• Established by R.C. 1724• Operations commenced in March 2012
www.hamiltoncountylandbank.org
HCLRC “LandBank”
Return vacant properties to productive use through the tools statutorily provided to the HCLRC
and by leveraging the resources of the HCLRC’sexecutive arm, the Port Authority.
Mission:
936-940 McPherson, East Price Hill to BLOC Ministries
• Economic development• Blight abatement/nuisance remediation• Neighborhood stabilization/revitalization• Strategic parcel assembly• Historic preservation
Purposes of the Landbank
Regal Theater, 1201 Linn St., West End
Unique Redevelopment Tools Hamilton County Landbank: Removes barriers to redevelopment
• Obtain clean, marketable title on properties via tax foreclosure and carry properties tax-free.
• Engage in code enforcement and nuisance abatement as local government agent.
• Issue bonds and make loans.• Receive assignments of mortgages.• Repository for vacant and abandoned property.• Have achieved IRS tax lien release.• Remove tax lien encumbrances on properties purchased or donated
(High Impact Property Program, CBD, and Bond Hill).
How We Work Together Significant tools of the Landbankare combined with the expertise and relationships of the Port Authority to establish partnerships with community development organizations and neighborhood-based groups. We focus on redevelopment work in key corridors including neighborhood business districts and residential areas.
Regional Challenges to Redevelopment
Cincinnati neighborhoods:• Topography• Density• Masonry• Remediation• Neighborhoods• Affordability
Developed Focus Neighborhood Strategy
Factors in selection: • # of foreclosures• # of code violations/condemnations• Level of public and private investment• Educational and historic resource• Community engagement• Capacity of a lead community-based organization•
Focus Neighborhood Strategy
Walnut HillsEvanstonMadisonvilleAvondaleNorwoodSt. BernardFairfax
Short-Term
Focus Neighborhood Strategy
Price HillNorthsideSouth CumminsvilleCollege HillNorth College HillMount HealthyColerain Township
Long-Term
Focus Neighborhood Strategy
Purpose: To develop and execute housing and revitalization strategies in targeted areas
• Engage with CDC/CIC as eyes and ears on the ground• Identify small, defined priority area for residential and commercial
redevelopment • Use a phased approach to revitalization• Work with lenders to develop loan products that work across markets•
Focus Neighborhood Strategy
Evanston
Our Common Mission Historic Stabilization
Regal Theater1201 Linn St. West End
Focus Neighborhood: Walnut Hills
Preserve Neighborhood CharacterOur Common Mission
Greater Cincinnati Foundation grant• $30,000 • Community Building Institute
Building capacity
Focus Neighborhood: Walnut Hills
Our Common Mission
Price Hill: Incline District Study
• UC Economics Center• ULI Cincinnati Technical Assistance Program (TAP)
• Land use challenges, connectivity, development trends, crime correlations, residential demographics, labor market
Incline Public House, East Price Hill
3351 Woodburn, Evanston
Multi-Family Demo: St. Leger
Multi-Family Demo: St. Leger
Housing Standards
911 Yale Street, Walnut Hills
Lot-to-Yard
Moving Ohio Forward:
Demolition Economic Inclusion Update [Nov 2013]MBE $599,372 25.8% WBE $525,223 22.6% SBE $1,200,970 51.7%
Moving Ohio Forward:
•
4528 Hamilton Ave., Northside
Before and after
Key Partners
Building Value: Stabilization
Before and After: 1572 Dixmont, Evanston
Collaboration and Community benefits
Bond Hill: O’ROURKEWoodward Technical Training
Evanston: Building Value
Questions and Discussion
Regal Theater, 1201 Linn St., West End
Paula Boggs MuethingVice President of Community Revitalization and General Counsel
Laura N. Brunner President/CEO
Port of Greater Cincinnati Development Authority
www.cincinnatiport.org513.621.3000
@PGCDA
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