Update: Projects & Partnerships, to the Economic Growth & Infrastructure Committee, Cincinnati City Council by the Port of Greater Cincinnati Development Authority
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Presentation to the City of Cincinnati Economic Growth Committee by the Port of Greater Cincinnati Development Authority February 4, 2014
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Update: Projects & Partnerships, to the Economic Growth & Infrastructure Committee, Cincinnati City Council by the Port of Greater Cincinnati Development Authority
- 1. Cincinnati City Council Economic Growth & Infrastructure Committee Chair: Christopher Smitherman Update: Projects & Partnerships Port of Greater Cincinnati Development Authority February 4, 2014
- 2. Laura N. Brunner President/CEO Port of Greater Cincinnati Development Authority David Smith Director of Economic Development Duke Energy Ed Jackson President The Karpos Group
- 3. Port - City Projects 3
- 5. Real Estate: Seymour/Reading Corridor
- 7. • 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
- 8. 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
- 9. “10 commercial projects worth watching in 2014” -Cincinnati Enquirer January, 22, 2014
- 13. Seymour Plaza/TechSolve II: Seymour Plaza December 3, 2013 January 9, 2014
- 15. South Mill Creek Corridor (SMCC)
- 16. Industrial History: South Mill Creek Corridor
- 18. EPA Coalition Assessment grant application January 2014 • • • • Port Authority Hamilton County City of Cincinnati with support letters from Cincinnati USA Camp Washington Business Assoc. Hamilton County Public Health MSD Queensgate Business Alliance Duke Energy
- 19. South Mill Creek Corridor
- 20. Benchmarking Project • Menomonee Valley (Milwaukee) A national model in economic and environmental sustainability
- 21. 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.
- 22. Re-industrialization Advocacy: • GO Cincinnati • PLAN Cincinnati • Brookings Institution • OKI Freight Study • Cargo market study
- 24. Community Engagement • Workforce Development • Top 20 employers and owners
- 25. Collaboration and Community benefits Bond Hill: O’ROURKE Woodward Technical Training Evanston: Building Value
- 26. Community Revitalization Economic Inclusion Neighborhood Housing Demolition Program: MBE: 23.85% WBE: 21.81% SBE: 43.82% Nonprofit: 4.23%
- 27. Focus Neighborhood: Walnut Hills
- 28. Thank you Laura N. Brunner President/CEO Port of Greater Cincinnati Development Authority www.cincinnatiport.org 513.621.3000 @PGCDA David Smith Director of Economic Development Duke Energy Ed Jackson President The Karpos Group