update: projects & partnerships, to the economic growth & infrastructure committee,...

Cincinnati City CouncilEconomic Growth & Infrastructure Committee

Chair: Christopher Smitherman

Update: Projects & PartnershipsPort of Greater Cincinnati Development Authority

February 4, 2014

Laura N. BrunnerPresident/CEO

Port of Greater Cincinnati Development Authority

Ed JacksonPresident

The Karpos Group

David SmithDirector of Economic Development

Duke Energy

Port - City Projects

3

GO Cincinnati:

Real Estate: Seymour/Reading Corridor

MidPointe Crossing:Seymour/Reading CorridorOctober 31, 2013

• 25 acre site• 230,000 sf available for office, retail or institutional• Daily traffic count of 166,800 on I-75/Paddock Road

Interchange & 37,000 at Reading/Seymour intersection• 75,000 daytime employees within 3-mile radius Earning $4.2 Billion payroll• $2.5 Billion of household purchasing power• $100 Million of unmet retail demand• 43 percent home owner-occupancy rate

Redevelopment Plan - October 2012

Acquisition of multiple parcels to

assemble

into one large development site

Demolition of 250,000 SF shopping

center

Extensive remediation of asbestos

and

other hazardous materials

Master Planning to facilitate high

impact,

mixed-use, urban style development

Comprehensive site work to create

development-ready pads

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“10 commercial projects worth watching in 2014”-Cincinnati EnquirerJanuary, 22, 2014

Seymour Plaza/TechSolve II:

Seymour Plaza

January 9, 2014

December 3, 2013

Seymour Plaza/TechSolve II:

Allen Temple Groundbreaking

South Mill Creek Corridor (SMCC)

Industrial History: South Mill Creek Corridor

Cargo Market Study

EPA Coalition Assessment grant application January 2014

• Port Authority• Hamilton County• City of Cincinnati• with support letters from

Cincinnati USACamp Washington Business Assoc.Hamilton County Public HealthMSDQueensgate Business AllianceDuke Energy

South Mill Creek Corridor

Benchmarking Project

• Menomonee Valley (Milwaukee) A national model in economic and environmental sustainability

Advanced Manufacturing

Increase the region’s competitive advantage to attract high-growth manufacturing and logistics opportunities, including:• advanced manufacturing, • water technology cluster, • polymers, • and food processing.

Re-industrialization Advocacy:

• GO Cincinnati• PLAN Cincinnati• Brookings Institution• OKI Freight Study• Cargo market study

Community Engagement

• Workforce Development• Top 20 employers and owners

Collaboration and Community benefits

Bond Hill: O’ROURKEWoodward Technical Training

Evanston: Building Value

Community Revitalization Economic Inclusion

Neighborhood Housing Demolition Program:MBE: 23.85%WBE: 21.81%SBE: 43.82%

Nonprofit: 4.23%

Focus Neighborhood: Walnut Hills

Laura N. Brunner

President/CEO

Port of Greater Cincinnati Development Authority

Ed JacksonPresident

The Karpos Group

David SmithDirector of Economic Development

Duke Energy

Thank you

www.cincinnatiport.org513.621.3000

@PGCDA