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

info@cincinnatiport.org

@PGCDA