update: projects & partnerships, to the economic growth & infrastructure committee,...
DESCRIPTION
Presentation to the City of Cincinnati Economic Growth Committee by the Port of Greater Cincinnati Development Authority February 4, 2014TRANSCRIPT
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Cincinnati City CouncilEconomic Growth & Infrastructure Committee
Chair: Christopher Smitherman
Update: Projects & PartnershipsPort of Greater Cincinnati Development Authority
February 4, 2014
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Laura N. BrunnerPresident/CEO
Port of Greater Cincinnati Development Authority
Ed JacksonPresident
The Karpos Group
David SmithDirector of Economic Development
Duke Energy
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Port - City Projects
3
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GO Cincinnati:
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Real Estate: Seymour/Reading Corridor
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MidPointe Crossing:Seymour/Reading CorridorOctober 31, 2013
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• 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
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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
8
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“10 commercial projects worth watching in 2014”-Cincinnati EnquirerJanuary, 22, 2014
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Seymour Plaza/TechSolve II:
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Seymour Plaza
January 9, 2014
December 3, 2013
Seymour Plaza/TechSolve II:
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Allen Temple Groundbreaking
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South Mill Creek Corridor (SMCC)
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Industrial History: South Mill Creek Corridor
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Cargo Market Study
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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
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South Mill Creek Corridor
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Benchmarking Project
• Menomonee Valley (Milwaukee) A national model in economic and environmental sustainability
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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.
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Re-industrialization Advocacy:
• GO Cincinnati• PLAN Cincinnati• Brookings Institution• OKI Freight Study• Cargo market study
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Community Engagement
• Workforce Development• Top 20 employers and owners
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Collaboration and Community benefits
Bond Hill: O’ROURKEWoodward Technical Training
Evanston: Building Value
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Community Revitalization Economic Inclusion
Neighborhood Housing Demolition Program:MBE: 23.85%WBE: 21.81%SBE: 43.82%
Nonprofit: 4.23%
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Focus Neighborhood: Walnut Hills
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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