state of downtown issued april 2015 and 2014 annual report

INCLUDING:

Downtown Cincinnati Inc.

2014 ANNUAL REPORT

STATE OF

DOWNTOWNCINCINNATI

Issued April 2015

105296_changeA.indd 1 3/26/15 11:42 AM

INTRODUCTION

TABLE OF CONTENTS

01 INTRODUCTION Partners, About Downtown Cincinnati Inc., About this Report, Letter from the Mayor of the City of Cincinnati, Letter from the Board Chair and President/CEO of DCI

05 WORK Lease Transactions, Downtown Development, Employment, Office Inventory, Office Rental and Vacancy Rates

13 LIVE Perceptions, Residential Amenities, Safe and Clean, Residential Unit Sales and Prices, Residential Units and Occupancy, Downtown Population

21 PLAY Films, Entertainment, Hotels, New Retail, Retail Composition and Occupancy, Conventions, Walks and Runs

35 ACCESS AND TRANSIT Monthly Parking, Public Transit

39 DCI 2014 ANNUAL REPORT Highlights and Accomplishments, Marketing and Communications, Safe and Clean, Stakeholder Services, Auditors’ Report, Financial Statements, DCI Board of Directors, DCI Members, Staff

Dick Waller’s Art Place 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com

DCI Street Pole Banners Courtesy of Downtown Cincinnati Inc.

Bodies in Urban Spaces 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com

SOURCESThe data presented in this report is derived from many sources including reports by the media and information collected directly from organizations where available. To provide us with more accurate data on any information contained in this report, to submit your photographs, to request additional information, or to place your name on our e-mail list for future mailings, please send an email to [email protected].

Please visit downtowncincinnati.com for more publications from Downtown Cincinnati Inc.

Also visit these websites for additional information on downtown Cincinnati:

• bizjournals.com/cincinnati • choosecincy.com• cincinnati.com• cincinnati-oh.gov

• cincinnatichamber.com• cincinnatiUSA.com• cincyusa.com• ilivedowntown.com

• myfountainsquare.com• otrchamber.com• soapboxmedia.com

105296_changeA.indd 3 3/26/15 11:42 AM

INTRODUCTION

PG. 1 STATE OF DOWNTOWN REPORT

PARTNERSDowntown Cincinnati Inc. thanks the following individuals and organizations for their assistance in compiling this report:

CBRE

Cincinnati’s arts, culture, sports & entertainment organizations

Cincinnati Business Courier

Cincinnati Center City Development Corporation (3CDC)

Cincinnati Multiple Listing Service

Cincinnati USA Convention & Visitors Bureau

Cincinnati USA Regional Chamber of Commerce

Cincy Red Bike

City of Cincinnati

Colliers International

Downtown Residents Council

Enquirer Media

Greater Cincinnati & Northern Kentucky Film Commission

Keep Cincinnati Beautiful

Amy Smith

The Corporation for Findlay Market of Cincinnati

University of Cincinnati Economics Center

Xceligent, Inc.

We are thankful for the generosity of many talented photographers. Credits are provided next to each image, where possible. In addition, we thank the following individuals for their contributions of the cover and header images in this report:

Travis Estell: Back Cover, pages 5, 7, 15, 37, 41

Thadd Fiala: Page 13

Jason Haley: Cover

Susan Knabe: 5

Steve Pittman, Resource Ammirati: Page 39

DCI Welcomes City Manager Harry Black Courtesy of Downtown Cincinnati Inc.

ABOUT DOWNTOWN CINCINNATI INCORPORATED (DCI)Founded in 1994, DCI is a non-profit organization with a mission to build a dynamic metropolitan center valued as the heart of the region. DCI supports this mission by providing unique services in three areas: safe and clean, marketing and communications, and stakeholder services. The organization is funded by members, sponsors, and by the property owners of the Downtown Cincinnati Improvement District, which includes property within the boundaries of Eggleston Avenue, Central Parkway, Central Avenue, and the Ohio River. DCI provides leadership and information regarding community and development issues, working together with public and private partners to ensure long-term downtown vitality.

105296_changeA.indd 4 3/26/15 11:43 AM

INTRODUCTION

STATE OF DOWNTOWN REPORT PG. 2

ABOUT THIS REPORTThe State of Downtown Cincinnati (Issued April, 2015) is a compilation of most recently available data pertinent to our stakeholders and visitors: residential; safety and cleanliness; development, office and employment; retail and restaurants; convention and hotels; arts, culture and entertainment; plus access and parking. This year’s report features new information about residential amenities, downtown charity walks and runs, and public transportation.

The DCI Annual Report provides an overview of the organizational accomplishments of Downtown Cincinnati Inc. during 2014 for each area of service: Safe and Clean, Communications and Marketing, and Stakeholder Services. Financial statements, board, staff, and member lists are also provided.

Please visit downtowncincinnati.com to download a copy of this report and to find more content on information presented here. We hope you enjoy reading the report, and we welcome your questions and comments.

Cincinnati itself is a rambling mass of old construction and modern ideas...Cincinnati seems to welcome the change, without discarding its past. —“Style Across America: Touching Down in Cincinnati,” Esquire

“

”Fountain Square Courtesy of Downtown Cincinnati Inc.

105296_changeA.indd 5 3/26/15 11:43 AM


INTRODUCTION

Dear Downtown Cincinnati Inc.,

Throughout 2014, I have been excited about the great strides that have been made downtown, from welcoming Pure Romance, Jedson Engineering, Zipscene and other businesses to the urban core to the continued growth of our nationally recognized restaurant scene. This past year, we welcomed the National Urban League Conference and the International Association of Fire Fighters Convention to Cincinnati. They and many other visitors experienced an incredibly vibrant and active city.

In 2015, we will welcome baseball fans from around the world to Cincinnati, sharing with them our beautiful natural assets along the river and in our parks, along with our historic architecture, great music and nightlife, and our exciting arts and cultural institutions. They will see what we see every day – an All-Star City ideal for those who want to start a business, make a home and thrive in the 21st century.

Through the efforts of great partners like DCI, the renaissance in downtown and Over-the-Rhine has set an example of success for other neighborhoods in Cincinnati and for cities across the nation. I look forward to another year of collaboration and growth in our city.

John J. Cranley Mayor City of Cincinnati DCI Honorary Board Chair

One of the big stories of the past few years has been the striking resurgence of cities, with Cincinnati ranked as one of the Top Five Up-and-Coming Downtowns.

–Fortune

“

”

105296_changeA.indd 6 3/26/15 11:43 AM

Dear Stakeholders,

2014 was another incredible year for downtown Cincinnati. The city center gained national attention for urban development, innovative restaurants, and world-class arts organizations. Cincinnati was hailed as friendly for small businesses, retirees, and cyclists. It seems the rest of the world is starting to catch on to something we’ve known all along – Cincinnati is a great place to live, work, and play.

It takes great partners and organizations, employing as Mayor Cranley says, “Hard work and great effort” over a sustained period of time to produce such results. We are proud of our role in safe/clean, marketing/communications, stakeholder services and leadership/advocacy which provide a solid foundation for progress.

Through our experience on the International Downtown Association, we work with colleagues from around the country and the world. Our job is more enjoyable than any, because of the positive spirit of collaboration in Cincinnati.

All of us at Downtown Cincinnati Inc. (DCI) are deeply appreciative of your support, partnership, and passion for downtown. This was a year of great progress and growth. We worked with outstanding new leaders led by Mayor John Cranley (honorary DCI Board Chair), City Council, new City Manager Harry Black and his administration, the Hamilton County Commissioners led by President Chris Monzel, and the county administration led by Christian Sigman. We have been privileged to work with great partners in the work to keep downtown safe – Cincinnati Chief of Police Jeffrey Blackwell, Sheriff Jim Neil, and Captain Mike Neville.

This year, we welcomed new partners such as Brian Carley, president and CEO of the Cincinnati USA Regional Chamber, Dwight Ferrell, CEO at Metro,

Alecia Kintner, president and CEO at ArtsWave, and others. We are grateful for the partnerships with their predecessors and look forward to new opportunities and great collaborations.

As we look forward to 2015, we are excited about great events like Major League Baseball’s All-Star Game in July and helping to prepare downtown for the 2016 NAACP National Convention. We look forward to working with many energized new property owners and businesses and with our colleagues at 3CDC.

We are thankful for the guidance of the DCI Board and the Downtown Cincinnati Improvement District Board under the leadership of Bill Moran. They provide us with direction, wisdom, and support.

As DCI moves into its 21st year, we have seen the interest and engagement in our center city grow as downtown gets better and better. We are honored to play a role.

David N. Ginsburg Jill P. MeyerPresident and Board Chair Chief Executive Officer Downtown Cincinnati Inc. Downtown Cincinnati Inc. Frost Brown Todd LLC

INTRODUCTION

STATE OF DOWNTOWN REPORT PG.4

105296_changeA.indd 7 3/26/15 11:43 AM

WORK Downtown Cincinnati celebrated $176 million of investment in projects completed in 2014, including the

conversion of the former Bartlett Building into the beautiful Renaissance Cincinnati Downtown Hotel. Almost

$680 million in additional projects are currently under construction downtown, many expected to open in 2015.

PricewaterhouseCoopers and the Cincinnati USA Regional Chamber of Commerce moved to new downtown

offices. Cincinnati Bell expanded their offices and General Electric arrived downtown, leasing space in Atrium

Two. Seven at Broadway, dunnhumby Centre, Homewood Suites and Hampton Inn Suites, AT580, and Smale

Riverfront Park will open their doors to more visitors, workers and residents of downtown in the coming year.

105296_changeA.indd 8 3/26/15 11:43 AM

LEASE TRANSACTIONSMajor office lease transactions included expansions to new downtown space by Cincinnati Bell, Huntington Bank, and Western & Southern. General Electric, with plans to build its global operations center at The Banks, was among companies that made new commitments to the urban core, while businesses like the Cincinnati USA Regional Chamber of Commerce relocated their downtown offices.

Company Location Sq. Ft. Type

Cincinnati Bell Atrium Two 220,000 Expansion

General Electric Atrium Two 80,000 New

Huntington Bank 525 Vine Street 49,488 Relocation

Cincinnati USA Regional Chamber of Commerce Three East Fourth Street 39,575 Relocation

PricewaterhouseCoopers, LLC PNC Center 30,595 Relocation

Western & Southern Financial Group 303 Broadway at Queen City Square 28,928 Expansion

Western & Southern 303 Broadway at Queen City Square 23,382 Expansion

ORC International The Edge 18,000 Relocation

Hamilton County Public Defender 125 East Court Street 15,300 Expansion

Wells Fargo Sawyer Point Building 15,000 Relocation

Champlin Architecture Sawyer Point Building 13,504 Relocation

Accenture, Inc. Omnicare Center 12,885 Renewal

Daymon Worldwide 125 East Court Street 12,500 Relocation

Online Rewards Carew Tower 12,500 Relocation

McGladrey, LLP First Financial Center 12,487 New

Mellott & Mellott, P.L.L. Certified Public Account Scripps Center 11,423 Relocation

US Bank US Bank Tower 10,100 Expansion

Dressman Benzinger LaVelle Atrium Two 10,000 Relocation

Gaslight LLC The Pinger Building 9,000 New

Marshall Dennehey Warner Coleman & Goggin, P.C. 312 Elm Street 7,292 New

Government Acquisitions Sawyer Point Building 6,351 Relocation

BDO Atrium Two 6,000 New

LKAB Minerals Scripps Center 5,712 Relocation

WORK


Source: Xceligent, Inc. Note: Listed are the top leases signed in the CBD in 2014, according to square feet. Start dates of occupancy vary. For purposes of this report ‘New’ = New to downtown; ‘Relocation’ = Relocation from an existing downtown space; ‘Expansion’ = Expansion of existing space or the combining of multiple locations into one space.

105296_changeA.indd 9 3/26/15 11:43 AM

WORK

DOWNTOWN DEVELOPMENT Broadway Square, Mabley Place, Renaissance Cincinnati Downtown Hotel, Mercer Commons, and the Woodward Theater contributed to $176 million in downtown Cincinnati development last year. Over one billion dollars of additional downtown investment is in the pipeline with under construction and proposed projects reported by year-end 2014.


1

2

3

4

5

6

7

8

9

1011

12

13

32

33

34

35

36

38

39

40

43

46

48

49

41

44

47

4245

37

14

15

16

17

18

19

50

52

51

24

20

21

22

23

25

2627

28

29

30 31

105296_changeA.indd 10 3/26/15 11:43 AM

WORKC

OM

PLETE

DU

ND

ER C

ON

STR

UC

TIO

NPR

E-D

EVEL

OPM

ENT/

PRO

POS

ED


Project Name Address Type Investment Completion/ ($M) Anticipated Completion1 1500 Elm Street 1500 Elm Street RES $4.20 20142 Broadway Square Phase I Broadway and 12th Streets RES $12.20 20143 Emanuel Community Church 1308 Race Street OFF $2.50 20144 John Weld Peck Federal Building 550 Main Street OFF $34.00 20145 Mabley Place Fourth and Race Streets MIX $5.00 20146 Mercer Commons Phases I and II Vine, between 13th and 14th Streets MIX $49.00 20147 Park Haus Scattered RES $7.80 20148 Park West 26 and 28 West 13th Street MIX $1.50 20149 Renaissance Cincinnati Downtown Hotel 36 East Fourth Street CEE $50.00 201410 The Woodward Theater 1404 Main Street CEE $1.20 201411 Westfalen Lofts II 1426-1438 Race Street MIX $8.60 2014

12 1201 Walnut 1201 Walnut Street MIX $7.14 201513 15 West 14th 15 West 14th Street CEE $1.05 201514 AT580 580 Walnut Street MIX $40.00 201515 Beasley Place 1405 Republic Street RES $2.80 201516 CAC Lobby Renovation 44 East Sixth Street CEE $1.10 201517 Chatfield College 1544 Central Parkway CEE $3.40 201518 Cincinnati Streetcar CBD and OTR ACC $148.00 201619 Cintrifuse 1311-1315 Vine Street MIX $16.70 201520 dunnhumby Centre Fifth and Race Streets MIX $139.73 201521 Globe Building 1801-1805 Elm Street MIX $4.60 201522 Homewood Suites and Hampton Inn and Suites 617 Vine Street CEE $37.00 201523 Mercer III Townhomes 10-26 Mercer Street MIX $5.45 201524 Parksite 1316-1318 Race Street RES $3.60 201525 Seven at Broadway Seventh and Broadway Streets RES $22.30 201526 Smale Riverfront Park (Phase 3-4) Riverfront CEE $25.40 201527 Smale Riverfront Park (Phase 5) Riverfront CEE $15.00 201528 Taft’s Ale House 1429 Race Street CEE $9.60 201529 Tea Company Townhomes 18-20 West 13th Street, 1307 Republic Street MIX $3.10 201530 The Banks (Phase II A) The Banks MIX N/A 201631 The Banks (Phase II B) The Banks OFF N/A 201632 The Olson 1408 Elm Street MIX $1.74 201533 The Osborne 118 and 122 West 15th Street and 1509 Pleasant Street MIX $3.61 201534 Westin Hotel Renovation 21 East Fifth Street CEE N/A 201535 YMCA 1105 Elm Street MIX $27.50 2016

36 15th and Race 15th and Race Streets MIX N/A TBD37 15th and Vine 1425 - 1437 Vine and Five West 15th Street MIX N/A TBD38 Abington Flats 33 Green Street RES $4.00 201639 Alumni Lofts 1310 Sycamore Street RES $24.00 201640 Broadway Square Phase II Scattered Site, Broadway, 12th Street and 13th Street MIX $11.60 201641 Cutter Apartments Scattered Site, Broadway, 12th Street and 13th Street RES $5.50 201542 Fourth and Race 411 Race Street MIX $77.30 TBD43 Hogan Building 1317 and 1319 Republic Street RES $1.50 201544 Holiday Inn Hotel Broadway and Seventh Streets CEE $14.00 201645 Lytle Park Renovation Lytle Park ACC $6.00 201746 Lytle Tunnel Renovation Lytle Park and I-71 ACC $31.60 201747 Market Square at Findlay Market 1800 block of Race Street MIX $18.50 201648 Memorial Hall 1225 Elm Street CEE $7.80 201649 Music Hall Revitalization 1243 Elm Street CEE $125.00 201750 The Transept 1205 Elm Street CEE $4.70 201551 Warner Brothers Building 1600 Central Parkway OFF $1.00 201652 Ziegler Park Sycamore Street between 13th and 14th Streets CEE N/A TBD

Source: Data collected from media sources and reports from developers, when available Note: Includes projects with an estimated investment amount of $1 million or more that are completed, under construction or proposed as of year-end 2014. Mixed Use (MIX) categorizes developments with multiple uses, for instance, a building with retail on the ground floor, and office or residential above.

Completed Projects Proposed Projects

Central Business District

Over-The-Rhine

Pendleton

ACC = Access & Parking CEE = Cultural/Entertainment/Educational MIX = Mixed Use OFF = Office RES = Residential N/A = Not available TBD = To be determined

$176M $333M$679M

Under Construction Projects

105296_changeA.indd 11 3/26/15 11:43 AM

WORK

EMPLOYMENTThe expansion of Cincinnati Bell, the downtown relocation of the regional headquarters of Huntington Bank, and the arrival of companies new to downtown such as General Electric, BDO, McGladrey, and Gaslight, contributed to a total estimated work force in downtown of 65,000.* Zipscene, Rhinegeist, and dunnhumbyUSA added employees to their growing staffs.

*According to a report prepared for Colliers by ESRI for zip code 45202, year 2014.

DOWNTOWN CINCINNATI FORTUNE 1000 COMPANIES

The Kroger Company (No. 24)

Procter & Gamble (No. 31)

Macy’s, Inc. (No. 107)

Fifth Third Bancorp (No. 361)

Omnicare (No. 415)

American Financial Group, Inc. (No. 487)

Western & Southern Mutual Holding Company (No. 511)

Convergys Corporation (No. 958)

Urban Sites Offices Travis Estell


Not only is Cincinnati home to some of the bigger Fortune 500 companies out there (think Procter & Gamble and Macy’s), but it has low taxes and a strong feeling of entrepreneurship. —“You Might Be Living In the Next Silicon Valley,” Huffington Post and Citi

“

”

105296_changeA.indd 12 3/26/15 11:43 AM

WORK

OFFICE INVENTORYColliers International reported a total office space inventory in downtown Cincinnati, including owner-occupied offices, of 18,750,000 square feet in 2014, with some large properties having been converted for hotel or residential use in recent years. Downtown offices leased for $19.18 per square foot on average, with a positive net absorption in 2014.

2014 REGIONAL OFFICE INVENTORY

2014 DOWNTOWN OFFICE INVENTORY


Net Absorption: 147,259 sq. ft. Net Absorption: (76,969) sq. ft.Net Absorption: (44,960) sq. ft.

CLASS A$23.29

per sq. ft.

CLASS B$16.31

per sq. ft.

CLASS C$12.76

per sq. ft.

Inventory of Vacancy Average 2013 Net Rentable Sq. Ft. Rate Rental Rate Absorption

Blue Ash 5,355,542 13.03% $16.58 (21,735)CBD 18,749,613 15.09% $19.18 25,330 CBD - Periphery 4,242,950 22.85% $18.22 (1,023)East 3,415,477 11.89% $13.21 68,605 I-71 Corridor North (of I-275) 5,435,307 12.19% $16.33 176,976 I-75 Corridor North (of I-275) 2,527,564 4.80% $19.40 (8,424)Kenwood/Montgomery 2,299,720 8.24% $16.06 13,918 Midtown 5,210,579 11.22% $19.45 118,063 Northern KY Riverfront 2,499,366 27.37% $21.35 54,909 Northern KY 6,841,040 14.48% $18.13 98,693 Tri-County 7,344,919 20.74% $14.88 2,241 West 1,314,238 11.85% $15.13 63,696

Source: Colliers International, Cincinnati Office

Occupied Vacant

Inventory: 6,802,968 sq. ft. Inventory: 9,508,320 sq. ft. Inventory: 2,258,761 sq. ft.

105296_changeA.indd 13 3/26/15 11:43 AM

WORK

OFFICE RENTAL RATESThe average rental rate for Class A property in downtown Cincinnati in 2014 was $23.29 per square foot. Class B and Class C properties were leased on average for $16.31 and $12.76 per square foot, respectively. The rental rates for Class A property in the business districts of Nashville, Pittsburgh, Atlanta, and Cleveland were comparable to rates reported in Cincinnati in 2014.

OFFICE RENTAL RATES

2014 U.S. RENTAL RATES: DOWNTOWN CLASS A OFFICE


New York City (Midtown) $76.65San Francisco $62.00Washington, DC $54.53Boston $50.98Chicago $40.30Los Angeles $39.76Denver $34.35Portland $27.01Raleigh/Durham $26.35Pittsburgh $25.94Nashville $23.63Detroit $23.32Cincinnati $23.29Atlanta $22.16Cleveland $22.13Baltimore $21.26Columbus $19.58Grand Rapids $19.10Indianapolis $18.95St. Louis $17.69Minneapolis $17.37

Source: Colliers International, Cincinnati Office, “Office Market Outlook, Q4 2014”

$25

$20

$15

$10

CBD CLASS A

Average Regional Rental ALL Classes*

CBD CLASS B

CBD CLASS C

2010 2014I I I

General Electric Co. is about to strengthen its ties to downtown Cincinnati in the latest sign that urban centers in the Rust Belt are becoming more attractive to U.S. corporations.

—“A Power Surge in the Rust Belt,” Wall Street Journal

“

”

$17.92

$12.76

$16.31

$23.29

105296_changeA.indd 14 3/26/15 11:43 AM

WORK

OFFICE VACANCY RATESOffice space vacancy rates in downtown Cincinnati in 2014 decreased from the previous year to an average of 15%. Similarly, the U.S. Central Business District, the Cincinnati suburban, and the U.S. suburban office markets have experienced an overall decline in vacancy since 2010.

2014 U.S. VACANCY: DOWNTOWN CLASS A OFFICE

Los Angeles 19.5%Cleveland 17.1%Detroit 16.6%Atlanta 16.1%St. Louis 15.9%Grand Rapids 15.7%Cincinnati 15.1%Baltimore 13.2%Minneapolis 12.2%Chicago 11.9%Nashville 11.6%Boston 10.9%Denver 10.7%New York City (Midtown) 10.7%Washington, DC 10.6%Indianapolis 9.5%Columbus 9.4%Pittsburgh 9.2%Portland 8.6%San Francisco 7.5%Raleigh/Durham 4.8%

Source: Colliers International, Cincinnati Office, “Office Market Outlook, Q4 2014”


OFFICE VACANCY RATES

25%

20%

15%

10%

Cincinnati CBD

Cincinnati Suburban

US Suburban

US CBD

2010 2014I I I

This is a particularly good time to move to downtown Cincinnati…during the past three years, several corporate tenants have relocated to the downtown area.

—Midwest Real Estate Journal

“

”

13.8% 11.7%

15.0%15.1%

105296_changeA.indd 15 3/26/15 11:43 AM

LIVE Downtown Cincinnati is evolving and thriving as a residential neighborhood. Occupancy of

residential rental properties estimated at 96% and increasing sale prices for homes and

condominiums reflect the growing interest in a downtown lifestyle. Over 700 new residential

units are currently under construction with Seven at Broadway, AT580, and Mercer

Townhomes scheduled to open in 2015. Perceptions and statistics show that residents and

visitors experience downtown as safe and clean. Retailers and developers are providing more

amenities for residents, including dog parks and pet supply stores to meet the needs of their

four-legged friends.

105296_changeA.indd 16 3/26/15 11:43 AM

PERCEPTIONSAn annual survey conducted by Downtown Cincinnati Inc. indicates positive perceptions of downtown Cincinnati among residents and visitors. In 2014, 86% of survey respondents said downtown is somewhere they like to take out-of-town guests, 85% said downtown has a variety of entertainment options, 74% agreed it is clean, and 70% felt downtown is safe.

PERCEPTIONS OF DOWNTOWN

VAR

IETY

OF

EN

TER

TAIN

ME

NT

OP

TIO

NS

SA

FE O

VE

RA

LL

GAY

FR

IEN

DLY

A P

LAC

E T

O T

AK

E O

UT-

OF-

TOW

N G

UE

STS

IS W

ALK

AB

LE

PO

LIC

E A

RE

VIS

IBLE

OV

ER

ALL

PO

SIT

IVE

IM

PR

ES

SIO

N

FAM

ILY

FR

IEN

DLY

WE

LCO

MIN

G T

O A

LL R

AC

ES

/E

THN

ICIT

IES

AM

BA

SS

AD

OR

S A

RE

VIS

IBLE

CLE

AN

OV

ER

ALL

100%

80%

60%

40%

20%

0%

Source: 2014 Perceptions Survey conducted by LaVerdad Marketing & Media for Downtown Cincinnati Inc. For more information, visit downtowncincinnati.com.


Survey respondents with favorable ratings

L IVE

As much of America decamped for the suburbs or the coasts, artists, craftspeople, and entrepreneurs rebuilt entire Cincinnati neighborhoods alongside impassioned longtimers. Their heritage (rich) and their living costs (relatively cheap) have attracted interest…But Cincinnati stands out.

—National Geographic Traveler

“

”

105296_changeA.indd 17 3/26/15 11:43 AM

http://www.downtowncincinnati.com/docs/default-source/Marketing-Downtown/2014-downtown-perceptions-survey-results_web.pdf

LIVE

RESIDENTIAL AMENITIESAs the downtown Cincinnati population grows, businesses develop to meet the needs of residents. Corner markets like Sunshine Fine Food Deli, public markets like Findlay Market and the seasonal Strauss Troy Market on Fountain Square, and the Kroger store in Over-the-Rhine provide grocery amenities within walking distance as demand builds for additional options.

Note: For a complete list of residential amenities, visit downtowncincinnati.com


Department Stores

Dry Cleaners

Food/Grocery

Home Goods

Pet Amenities

Pharmacy

Wine/Spirits

LEGEND:

105296_changeA.indd 18 3/26/15 11:43 AM

http://www.downtowncincinnati.com/exploring-downtown/living-downtown

LIVE

SAFE AND CLEANThere were six percent fewer serious crimes in the Central Business District in 2014 than the previous year and “quality of life” crimes dropped by 15%.* Over-the-Rhine has also experienced a decrease in crime in recent years. Keep Cincinnati Beautiful, which performs litter indices, reported positive ratings for these downtown neighborhoods in 2014.

CENTRAL BUSINESS DISTRICT CRIME

*Source: Cincinnati Police DepartmentNote: Part 1 crimes are defined as more serious crimes, but include crimes such as shoplifting in which no use of force or violence occurs;Part 2 crimes are defined as “quality of life” crimes, which include aggressive panhandling and vandalism.**Theft from autos were 29% of Part 1 crimes in the Central Business District and 24% of Part 1 crimes in Over-the-Rhine in 2014.

PART 1 CRIME**

PART 2 CRIME

PART 1 CRIME**

PART 2 CRIME

1,075

396

500

1,000

1,500

2,000

0

2010 2014I I I

OVER-THE-RHINE CRIME

2010 2014I I I

917

628 500

1,000

1,500

2,000

0


Long known for its industrial past, the city is getting new life from craft breweries, bold new restaurants, and a major neighborhood transformed. —New York Magazine

“

”

105296_changeA.indd 19 3/26/15 11:43 AM

LIVE


RESIDENTIAL UNIT SALESWith demand increasing for the opportunity to own a home in downtown Cincinnati, condominium and single family home sales in 2014 continued at a rate consistent with availability in the downtown real estate market. Condominium sales in Over-the-Rhine have increased steadily as redeveloped housing has become available in recent years.

CENTRAL BUSINESS DISTRICT

OVER-THE-RHINE

PENDLETON

Source: Cincinnati Multiple Listing Service (MLS)

Condominiums

Single Family Homes

Condominiums

Single Family Homes

Condominiums

Single Family Homes

50

45

40

35

30

25

20

15

10

5

0

30

1

2010 2014I I I

100

90

80

70

60

50

40

30

20

10

0

93

14

2010 2014I I I

7

3

9

8

7

6

5

4

3

2

1

0

2010 2014I I I

105296_changeA.indd 20 3/26/15 11:43 AM

LIVE


RESIDENTIAL UNIT PRICESThe sale of a residence on West Ninth Street drove the average sale price of single family homes in the Central Business District to $675,000 last year. The average cost of a condominium in Over-the-Rhine has been increasing annually, reaching over $250,000, while single family homes in Pendleton have been on the rise, averaging $306,667 in 2014.

CENTRAL BUSINESS DISTRICT

OVER-THE-RHINE

PENDLETON

Source: Cincinnati Multiple Listing Service (MLS)

Condominiums

Single Family Homes

Condominiums

Single Family Homes

Condominiums

Single Family Homes

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

$2

61

,170

$3

06

,667

2010 2014I I I

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

$2

24

,22

2

$2

50,0

43

2010 2014I I I

$800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0

$3

20,7

60

$675,0

00

2010 2014I I I

105296_changeA.indd 21 3/26/15 11:43 AM

LIVE

RESIDENTIAL UNITS AND OCCUPANCYThere were an estimated 8,350 total residential units in the Central Business District, Over-the-Rhine, and Pendleton in 2014, according to CBRE. Developers reported projects with an additional 703 units under construction by year-end. Central Business District rental developments continued to report 96% occupancy and an average rent of $1.48 per square foot.

DOWNTOWN RENTAL PROPERTIES

DOWNTOWN RESIDENTIAL UNITS*

Total Number of Properties Surveyed 11

Total Number of Units Surveyed 1,639

Average Number of Units/Property 149

Weighted Occupancy 96.0%

Average Rent/Unit $1,325.00

Average Rent/Sq. ft. $1.48

Source: CBRE *Completed Units estimate reflects a change in methodology from previous reports. Prepared for CBRE by Nielsen in February 2015, estimated housing unit estimates are for the areas of the Central Business District, Over-the-Rhine, and Pendleton. Rental property data is provided by CBRE in a year-end survey of the multifamily investment market, reported January 2015.

Central Business District

Over-The-Rhine

Pendleton COMPLETED UNITS

8,350

UNDER CONSTRUCTION

703


105296_changeA.indd 22 3/26/15 11:43 AM

LIVE


DOWNTOWN POPULATIONDemographic estimates for residents of downtown Cincinnati portray a growing urban community in which the average age is 38 years old, 75% of the population is single, 75% hold white collar jobs, over 33% have attained an advanced educational degree, and 18% walk to work. There were over 15,500 residents estimated to live in zip code 45202 in 2014, according to CBRE.

DOWNTOWN DEMOGRAPHICS

Source: CBRE*Population estimate reflects a change in methodology from previous reports. Prepared for CBRE by Nielsen in January 2015, population and demographic estimates are for residents of Zip Code 45202.

Race White 52% Black 43% Hispanic 3% Asian 2%

Education High School 24% Bachelor’s Degree 20% Master’s Degree 13%

Marital Status Single men 47% Single women 28% Married men and women 25%

Household size One person 60% Two persons 26% Three or more persons 14%

Transportation to Work Drove alone 56% Walked 18% Public transportation 12% Job Type White collar 75% Service & Farm 16% Blue Collar 9%

Average Age 38

Average Household Income $59,851 Zip Code 45202

105296_changeA.indd 23 3/26/15 11:43 AM

PLAYThe Betts House, Broadway in Cincinnati, Cincinnati Museum Center, Washington Park,

Black Family Reunion, Bockfest, Cincy Cinco, and community festivals Go OTR 5K Summer

Celebration and Second Sundays on Main attracted growing audiences who contributed

to an overall attendance of more than 17 million at downtown entertainment venues. The

Woodward Theater on Main Street opened its doors to indie music lovers and the new Buckle Up

Music Festival entertained 45,000 country music fans. Close to 50 new downtown restaurant,

retail and service establishments opened, while over 165,000 participants in charity events

experienced downtown on the run. Downtown Cincinnati will hit the big screen this year as

movies “Carol” and “Miles Ahead” open in theaters across the country.

105296_changeA.indd 24 3/26/15 11:43 AM

PLAY


FILMS Major motion picture productions resulted in the employment of at least 4,028 workers and a total economic impact on the Cincinnati MSA of $45.9 million in 2014.* Downtown Cincinnati was the set for much of the filming, as well as host to the casts and crews, of “Carol,” “Miles Ahead,” “Blunderer,” “Echo Effect,” and an A&E reality series featuring Lachey’s Bar.

Filming portrays Cincinnati to a national community. Production people come here from all over the county and they become ambassadors for the City. —Michel Sheer, Managing Director of Hilton Cincinnati Netherland Plaza

Discovering Cincinnati was the key to unlocking our production of ‘Carol’. I don’t believe we could have made the film anywhere else. The city presented us with unparalleled period exterior and interior locations in both the rural and urban environs we needed to fulfill our director Todd Haynes’ vision for the movie. We were able to film the whole production within a confined radius of our downtown office hub...

—Elizabeth Karlsen, Producer, “Carol”

“

“”

”

Don Cheadle in “Miles Ahead” Brian Douglas

“Miles Ahead” Movie Crew Brian Douglas

Source: University of Cincinnati Economics Center report for the Greater Cincinnati and Northern Kentucky Film Commission*Economic impact estimate based on productions of “Carol,” “Miles Ahead,” and “Renovation Row”

105296_changeA.indd 25 3/26/15 11:43 AM

PLAY

ENTERTAINMENT Downtown entertainment venues reported an overall annual attendance of nearly 17 million visitors in 2014. With unique, collaborative programming such as Lumenocity, Washington Park welcomed one million visitors throughout the year. Broadway in Cincinnati, the Midwest Regional Black Family Reunion, and The Betts House increased their audiences by 50% over the previous year.

MOST VISITED1 million to 5 million


HIGHLY ATTENDED100,000 TO 999,999

Riverfront Daily Park Users

Cincinnati Bengals

Oktoberfest Zinzinnati

US Bank Arena

Taste of Cincinnati

Riverfront Events/Cincinnati Park Board

Broadway in Cincinnati

CSO/Cincinnati POPS/Lumenocity

Riverfest

PNC Summer Music Series

Cincinnati Arts Association

Cincinnati Art Museum

Krohn Conservatory

Cincinnati Playhouse in the Park

Taft Theatre

Horseshoe Casino

Cincinnati Reds

Cincinnati Museum Center

Main Library/Public Library of Cincinnati & Hamilton County

Findlay Market

Washington Park

3,480,000

2,476,664

1,246,000

1,190,258

1,090,000

1,000,000

800,000

722,065

650,000

572,421

550,000

395,530

267,370

253,813

250,000

200,000

183,500

176,530

171,618

166,875

156,026

The largest Oktoberfest in the U.S., Oktoberfest Zinzinnati takes over downtown Cincinnati with over 500,000 attendees annually. —“America’s Best Oktoberfests,” Fodor’s

“

”Source: Attendance reported by venues and event organizers

105296_changeA.indd 26 3/26/15 11:43 AM

PLAY

LOCAL FAVORITES1,000 TO 19,999

MIDSIZE20,000 TO 99,999


National Underground Railroad Freedom Center

Children’s Theatre of Cincinnati

Bunbury Music Festival

Cincinnati Ballet

Taft Museum of Art

Cincinnati Shakespeare Company

U.S. Bank Ice Rink

Contemporary Arts Center

Buckle Up Music Festival

Ensemble Theatre Cincinnati

Memorial Hall

Cincinnati Opera

MidPoint Music Festival

Bockfest

Macy’s Light Up the Square

Cincinnati Brew Ha-Ha

82,411

82,401

65,000

59,391

52,222

51,251

50,000

48,107

45,000

31,201

30,000

28,488

27,000

25,000

25,000

20,000

Black Family Reunion

Macy’s Downtown Dazzle

Huntington Bank New Year’s Blast

Cincy Cinco

Second Sundays on Main

Cincinnati May Festival

School for Creative & Performing Arts

Cincinnati Fringe Festival

Know Theatre of Cincinnati

Fire Museum of Greater Cincinnati

Go OTR 5K Summer Celebration

Bluesfest

Macy’s Art Sampler (hosted by Artswave)

Mercantile Library

The Betts House

Lloyd Library

19,000

15,000

15,000

11,500

11,000

10,172

9,583

8,777

7,501

7,269

6,000

5,000

3,900

3,757

2,116

1,236

Bunbury raises the city’s profile by recruiting a mixture of beloved headliners and exciting up-and-comers…the festival has become a regional favorite in only a few short years. —“10 Summer Music Festivals Worth Knowing,” Forbes

“

”

105296_changeA.indd 27 3/26/15 11:43 AM

PLAY

DOWNTOWN HOTELS

HOTELSThe redevelopment of the former Bartlett Building into the Renaissance Cincinnati Downtown Hotel added 323 rooms for a current total of 3,295 rooms and ten full-service hotels in downtown Cincinnati.


Millenium Hotel Cincinnati

21c Museum Hotel

Hilton Cincinnati Netherland Plaza

Hyatt Regency Cincinnati

The Cincinnatian Hotel

The Symphony Hotel

Renaissance Cincinnati Downtown Hotel

The Residence Inn Cincinnati Downtown

Garfield Suites Hotel

Westin Hotel Cincinnati323

491561

152

456

156

6

146

132

872

3,295Rooms

21c Museum Hotel ranked #1 Hotel In the Midwest in the 2014 Readers’ Choice Awards. Metropole ranked #12 on the list of 15 Best Restaurants in the Midwest. —Condé Nast Traveler

“

” 21c Museum Hotel Lobby Courtesy of Downtown Cincinnati Inc.

105296_changeA.indd 28 3/26/15 11:43 AM

PLAY

Source: Hotel occupancy and rates provided by Cincinnati USA Convention & Visitors Bureau *RevPAR, or revenue per available room, is a performance metric in the hotel industry, calculated by multiplying a hotel’s average daily room rate (ADR) by its occupancy percentage.

HOTEL OCCUPANCY


100%

80%

60%

40%

20%

0%

National

Cincinnati USA(OH-KY-IN)

Downtown

Gr. Cincinnati

64%

60%59%59%

2010 2014I I I

HOTEL ROOM RATES

$160

$140

$120

$100

$80

Downtown

National

Gr. Cincinnati


$144

$115

$100

$93

2010 2014I I I

HOTEL REVPAR*

$100

$80

$60

$40

Downtown

National

Gr. Cincinnati


$84

$74

$59$56

2010 2014I I I

105296_changeA.indd 29 3/26/15 11:43 AM

PLAY

NEW RETAILClose to 50 new retail, restaurant, and service establishments opened downtown in 2014 including a meeting space, a men’s grooming accessories store, a pretzel shop, three new pizzerias, a juice bar, a high-end electronics store, a primary care doctor’s office, a frankfurtary, and a boxing gym where patrons can learn how to throw a punch and stay fit.


29

32

33

34

35

42

36

38

39

40

43

45

4447

46

41

37

30

311

2

3

4

5

8

7

910

11

12

13

6

14

15

16

17

18

1920

21

22

23

24

25

26

27

28

Dining

Shopping

Services

LEGEND:

Note: For a complete list of downtown retail establishments, visit downtowncincinnati.com.

105296_changeA.indd 30 3/26/15 11:43 AM

http://www.downtowncincinnati.com/exploring-downtown/downtown-cincinnati-restaurants

PLAY

2014 NEW DOWNTOWN CINCINNATI ESTABLISHMENTS

DINING

SHOPPING

SERVICES


1 BoBa Cha 1606 Main Street

2 Brainstorm 815 Main Street

3 Brezel 6 W. 14th Street

4 Cake Rack Bakery 113 W. Elder

5 Cheapside Cafe 326 E. Eighth Street

6 D. Burnham’s 36 E. Fourth Street

7 Domino’s 401 Race Street

8 Dunkin Donuts 125 E. Court Street

9 Gomez Salsa 107 E. Twelfth Street

10 Goodfellas Pizzeria 1211 Main Street

11 HalfCut 1128 Walnut Street

12 Happy Belly 1344 Vine Street

13 Huit Craft BBQ 29 E. Court Street

14 Kiji 126 E. Sixth Street

15 Krueger’s Tavern 1211 Vine Street

16 Liberty’s Bar & Bottle 1427 Main Street

17 Macaron Bar 1206 Main Street

18 Off the Vine Juice Bar 1218 Vine Street

19 Pi Pizzeria 199 E. Sixth Street

20 Rusconi Pizza 126 W. Sixth Street

21 Spare Lounge 35 E. Seventh Street

22 Sweet Petit Desserts 1407 Vine Street

23 Subway 1123 Sycamore Street

24 The Blind Pig 25 W. Ogden Place

25 The Hearth Room 125 E. Fourth Street

26 The Mercer OTR 1324 Vine Street

27 The President’s Room 812 Race Street

28 Wienerwurst Mike Frankfurtary 1310 Moore Street

29 Bang & Olufsen 6 W. Fourth Street

30 Black Owned 822 Elm Street

31 Cincy Shirts 1435 Main Street

32 Dick Waller’s Art Place 130 W. Court Street

33 G. Salzano’s 201 E. Fourth Street

34 Heiba Haven 608 Main Street

35 Homage 1232 Vine Street

36 Hoop & Needle 1415 Main Street

37 Hustler Express 411 Elm Street

38 Maverick Chocolate 129 Elder Street

39 Rooster 923 Vine Street

40 Roosters Men’s Grooming 301 E. Fourth Street

41 Wiesnkoenig USA 1621 Moore Street

42 Zuri Handmade 1419 Vine Street

43 BRIDEface 2009 Elm Street

44 Hoxworth Blood Center 105 E. Fourth Street

45 Red Bike 14 W. Fifteenth Street

46 The Punch House 708 Walnut Street

47 UC Primary Care 425 Walnut Street

For the fifth consecutive year, Orchids at Palm Court was recognized by OpenTable as one of the Top 100 Restaurants in the U.S., named #7 Best Restaurant in 2014. —OpenTable

“

”

105296_changeA.indd 31 3/26/15 11:43 AM

PLAY


DOWNTOWN RETAIL OCCUPANCY*

DOWNTOWN RETAIL COMPOSITION

RETAIL COMPOSITION AND OCCUPANCYThere were nearly 590 retail establishments in all of downtown Cincinnati in 2014. According to CBRE, retail spaces in the Central Business District were occupied at a rate of almost 96%, with sales per square foot averaging $124 and average rent per square foot averaging $20.20.

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

Squ

are

Feet

Base Square Feet

Occupied Square Feet

Dining

Shopping

Services

95

.5%

2,7

85

,72

3

Source: CBRE, Data provided for zip code 45202*Downtown retail overall square footage based on downtown properties of 10,000 sq. ft. or greater. Base square footage decreased in 2014 due to the conversion of Tower Place Mall to Mabley Place garage.

587Merchants

2010 2014*I I I

105296_changeA.indd 32 3/26/15 11:43 AM

PLAY


121Services

281Restaurants/

Bars

Breweries/Brewpubs

Cocktail/Wine Bars

Coffee/Bakeries/Ice Cream

Full Fare Restaurants

Sports/Neighborhood Bars

Private Dining Facilities

Music Dance Clubs

Lunch/Fast Casual Restaurants

Tickets/Travel

Wireless Electronics

Auto/Bike/Home Repair

Beauty

Car/Bike Rentals

City Tours

Pets

Libraries

Funeral

Florists/Wedding

Fitness/Health

Eyewear

Cleaners/Tailors/Shoe Repair

Antiques/Auction Houses

Apparel/Shoes/Accessories

Beer/Wine/Liquor

Department Stores/Malls

Galleries

Gifts/Books/Novelty

Pharmacies/Newsstands

Jewlery/Furs

Home Furnishings/Art

Grocery/Convenience Markets

185Shops

105296_changeA.indd 33 3/26/15 11:43 AM

PLAY

CONVENTIONSThe Cincinnati Conventions and Visitors Bureau hosted 197 meetings and conventions, including meetings of the International Association of Fire Fighters and the National Urban League, which resulted in 184,846 hotel room nights held in 2014, with an economic impact of $55 million.

ROOM NIGHTS AND MEETINGS

ECONOMIC IMPACT


$70M

$60M

$50M

$40M

$30M

$20M

$0M

$5

5M

Meetings

Room Nights

Economic Impact of CVB room nights

Source: Cincinnati USA Conventions & Visitors Bureau (CVB) Room Nights and Meetings are reported as totals of room nights and meetings held within each calendar year. Economic Impact is the product of room nights held each year and the Estimated Direct Attendee Spending per person provided by DMAI (Destination Marketing Association International).

The Cincinnati USA CVB was awarded the 2014 Platinum Choice Award from Smart Meetings magazine—a coveted industry honor,

with winners selected by top meeting professionals and Smart Meetings readers – recognizing 130 hotels and 50 convention and

visitors bureaus across North America.

250

200

150

100

50

0

197

18

4,8

46

0

250,000

200,000

150,000

100,000

50,000

0

2010 2014I I I

2010 2014I I I

105296_changeA.indd 34 3/26/15 11:43 AM

PLAY

GROUP ROOM ECONOMIC IMPACT NIGHTS (IN MILLIONS)

Educational Testing Service 21,017 $6.26

International Association of Fire Fighters 12,422 $3.70

National Urban League 6,709 $2.00

V Twin Expo by Easyriders 6,244 $1.86

Nature’s Sunshine Products, Inc. 4,143 $1.23

United Supreme Council 3,534 $1.05

National Coalition of Black Meeting Planners 1,179 $ .35

KEY DOWNTOWN CINCINNATI CONVENTIONS BOOKED

DOWNTOWN CINCINNATI CONVENTION HIGHLIGHTS

GROUP ROOM EVENT NIGHTS DATE

The Kroger Company 18,659 2015

National Association for the Advancement of Colored People (NAACP) 10,090 2016

Improved Benevolent Protective Order of Elks of the World 5,833 2016

Christian Booksellers Association 5,555 2016

International Association of Venue Managers, Inc. 5,028 2021

Institute of Electrical & Electronics Engineers 4,635 2018


National Urban League Conference Courtesy of the Cincinnati USA Convention and Visitors Bureau

105296_changeA.indd 35 3/26/15 11:43 AM

PLAY

WALKS AND RUNSFundraising walks and runs boosted visitation to downtown Cincinnati on the weekends. Cincinnati’s renowned Flying Pig Marathon registered more than 36,000 participants from all 50 states and 19 countries for its 16th annual event in May of 2014. The Flying Pig alone has raised over 12 million dollars for charities since its beginning in 1997.

Participants Event Charity

36,131 Cincinnati Flying Pig Marathon Various local and national charities

25,000 Heart Mini Marathon American Heart Association

15,670 Thanksgiving Day Race Various local charities focusing on children,

cancer research and Alzheimer’s research

15,000 Making Strides Against Breast Cancer American Cancer Society

13,000 March for Babies March of Dimes

11,000 Buddy Walk Down Syndrome Association of Greater Cincinnati

10,000 The Color Run Leukemia and Lymphoma Society

5,000 Freestore Foodbank’s Hunger Walk and 5K Run Freestore Foodbank and Partner Agencies

5,000 Light the Night Walk Leukemia and Lymphoma Society

4,841 Redlegs Run 10K and 5K Cincinnati Reds Community Fund

4,000 Girls on the Run Greater Cincinnati Spring 5K Girls on the Run Greater Cincinnati

3,587 Queen Bee Half Marathon Various local charities focusing on women

3,200 Walk Ahead for a Brain Tumor Cure UC Brain Tumor Center

3,674 Hudepohl 14K and 7K Brewery Run Over-the-Rhine Historic Brewery District

3,655 Walk and Run MS Cincinnati National MS Society, Ohio Valley Chapter

2,100 PurpleStride Cincinnati Pancreatic Cancer Action Network

1,726 Bockfest 5K Over-the-Rhine Historic Brewery District

1,297 Step Out: Walk To Stop Diabetes American Diabetes Association

1,207 Go OTR 5K Race Over-the-Rhine Chamber Of Commerce

500 Superhero Run for Kids ProKids CASA Volunteer Program

150 The Great Race Boys and Girls Club of Cincinnati

Source: City of Cincinnati Police event permits and reports from event organizers and/or charities, when available


105296_changeA.indd 36 3/26/15 11:43 AM

PLAY


The Flying Pig Marathon Michael E. Anderson, Courtesy of Game Day Communications

The Hudy 14K Travis Estell

March for Babies Courtesy of The March of Dimes Buddy Walk Courtesy of the Down Syndrome Association of Greater Cincinnati

Freestore Foodbank 5K Scott Beseler, Courtesy of the Freestore Foodbank

105296_changeA.indd 37 3/26/15 11:43 AM

ACCESS AND TRANSITMeans of access and transit downtown expanded last year. Two new downtown garages

provided additional parking options for downtown drivers. Metro announced a regional

pass with TANK and was listed as #1 in operational efficiency among 12 peer transit

systems, according to a UC Economics Center study. As track and utility work continued in

2014, the year-end sale of the limited-edition, commemorative Cincinnati Streetcar “Founder’s

Club” cards raised over $50,000 towards operation, with buyers looking forward to their

first ride in 2016. And Cincy Red Bike made a splash downtown, exceeding ridership

expectations and bringing a new mode of public transportation to the urban core.

105296_changeA.indd 38 3/26/15 11:43 AM

MONTHLY PARKINGThe opening of Mabley Place and dunnhumby Centre Garage contributed close to 2,000 new spaces for a total of over 38,000 monthly parking spaces tracked by Downtown Cincinnati Inc. in the Central Business District, Over-the-Rhine, and Pendleton. Downtown garage and surface lot spaces averaged $91 per month* by the end of 2014.

DOWNTOWN CINCINNATI MONTHLY PARKING

Source: Data reported by parking operators *Reflects price per available space at year-end for monthly parking in garages and surface lots surveyed in the Central Business District, Over-the-Rhine and Pendleton.

$160

$140

$120

$100

$80

$60

$40

$20

$0

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

38

,41

0

$91

Reserved Monthly Spaces

Available Monthly Spaces

Average Available Monthly Price

ACCESS AND TRANSIT


2010 2014I I I

Mabley Place Garage Thadd Fiala

105296_changeA.indd 39 3/26/15 11:43 AM

http://www.downtowncincinnati.com/parking-downtown

PUBLIC TRANSITCincy Red Bike, a new bike-sharing program in Cincinnati, installed stations with 260 bikes now available for public use at $8 per day in downtown and uptown. Construction of the Cincinnati Streetcar progressed as the completion of the final weld of the rails of the Over-the-Rhine portion of the route was celebrated in December.


ACCESS AND TRANSIT

Southbank Shuttle

Government Square

Tank, The Bus Stop

Future Cincinnati Streetcar route

Metro, Government Square

Red Bike stations

Southbank Shuttle

Tank, The Bus Stop

ZipCar locations

LEGEND:

Note: For more information on public transportation and links to schedules and rates, visit downtowncincinnati.com.

105296_changeA.indd 40 3/26/15 11:43 AM

http://www.downtowncincinnati.com/exploring-downtown/transit-options


Streetcar Founders Passes Travis Estell

Sixth Street Taxi Stand Randy Simes

Southbank Shuttle Courtesy of Downtown Cincinnati Inc.

Fifth and Walnut Intersection Travis Estell

Urban Basin Bicycle Club 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com

ACCESS AND TRANSIT

105296_changeA.indd 41 3/26/15 11:43 AM

DOWNTOWN CINCINNATI INC.

ANNUAL REPORT

105296_changeA.indd 42 3/26/15 11:43 AM

DOWNTOWN CINCINNATI INC. ANNUAL REPORT PG. 40

TABLE OF CONTENTS

Marketing and Communications 41

Safe and Clean 42

Stakeholder Services 43

Independent Auditors’ Report 44

Financial Statements 45

DCI Board of Directors 53

DCI Members 56

DCI Staff 59

2014 HIGHLIGHTS AND ACCOMPLISHMENTS

• The 2014 Downtown Cincinnati Perceptions Survey, available from August 13 to September 23, was completed by 2,979 local respondents and had the most diverse participation in the survey to date. For overall safe and clean ratings, 70% viewed the Central Business District as safe and 74% agreed it is clean.

• DCI joined the board of the newly created Regional Economic Development Initiative to assist in attraction and retention of office users. DCI provided support during development to the owners of At580, Mabley Place, Renaissance Hotel, The Banks, and the future Homewood Suites and Hampton Inn.

• ArtVenture, an online database of public art and themed itineraries that feature many downtown businesses, received an International Downtown Association Achievement Award.

• The new Gum Buster machine, which uses steam and solvent to remove gum from the sidewalks and spray paint from walls, was added to the equipment the Ambassadors use to keep downtown clean with 25 block faces cleaned by year’s end.

• The Social Service Outreach Coordinators assisted 6,043 people downtown, and helped to move 40 people into permanent housing. They continue to focus on the most challenging individuals pursuant to a partnership with the mental health board and the Cincinnati Police.

• Downtown Cincinnati Gift Card sales were 43% ahead of 2013. More than 200 establishments now accept the Gift Card, which is available for purchase at Findlay Market, the DCI office, and at downtowncincinnati.com.

• The 2014 DCI Membership year ended with 294 members (5% over goal) and $140,025 (7% over goal).

DCI 2014 ANNUAL REPORT

105296_changeA.indd 43 3/26/15 11:43 AM


Communications DCI partnered with the Regional Tourism Network and the Convention & Visitors Bureau to host a reception with Mayor Cranley in New York City during the “Cincy in NYC” events in May. Local and national media, meeting planners, and real estate professionals attended this event to learn more about Cincinnati. The potential reach of the media coverage was 305 million people over the course of the week.

ArtVenture, with itineraries that feature art and downtown businesses, was launched in May and was featured on WVXU and WNKU and in Soapbox and the Business Courier. This project received an International Downtown Association Achievement Award in October.

Holidays Macy’s Downtown Dazzle celebrated its tenth anniversary with a new sponsor, Fioptics from Cincinnati Bell, a new light show, and an enhanced fireworks display. All 1,000 of the Rookwood Commemorative ornaments were sold at Macy’s Fountain Place. The new Shillito’s Elves display at the Carew Tower helped drive additional traffic to the Arcade merchants and created engagement on social media.

DCI produced new holiday television and radio commercials that featured the voiceover work of a young actress from the film Frozen. Over the holidays, downtown merchants and events were featured on 24 live TV interviews during a five-week period.

Retail Promotion Downtown Cincinnati Gift Card sales were 43% ahead of 2013. Gift Cards, available for purchase at Findlay Market, in addition to the DCI office and website, are now accepted at more than 200 establishments throughout downtown.

Inspired by the iconic I “heart” NY campaign, 45 pairs of street pole banners were installed throughout downtown. These banners celebrate what people love most about Cincinnati – ice cream, baseball, ballet, football, beer and more.

The Summer Retailer Kickoff meeting was held in May and the Holiday Kickoff meeting in November. Each was attended by more than 120 stakeholders, with presentations about upcoming events, conventions, and construction news.

MARKETING AND COMMUNICATIONSAdvancing the image, awareness, and usage of downtown Cincinnati as a vibrant hub of activity for people to live, work, dine, shop, and play.

PG. 41 DOWNTOWN CINCINNATI INC. ANNUAL REPORT

Jenna Kendle Courtesy of Resource Ammirati

105296_changeA.indd 44 3/26/15 11:43 AM


Ambassadors Every day, those who live, work, and play downtown are greeted by the DCI Ambassadors. Trained in public safety, enhanced cleanliness, and customer service, more than 30 Ambassadors patrol the streets. Awareness of the Ambassadors continues to grow. Respondents to the 2014 Perceptions Survey rated Ambassador visibility at 57%.

During the summer, DCI produced A Day in the Life of an Ambassador, a video which followed an Ambassador on his daily rounds, cleaning, meeting with police, and offering social service and hospitality assistance. The Ambassadors’ Facebook page has 877 likes and shares information about safety issues, traffic, and downtown businesses.

Clean and Welcoming In 2014, Keep Cincinnati Beautiful awarded the Central Business District (CBD) the best score possible, on the monthly litter index reports. A Gum Buster machine was added to the equipment the Ambassadors use to keep downtown clean. It uses steam and solvent to remove gum from the sidewalks and spray paint from walls. In all, 25 block faces were cleaned with the Gum Buster.

During the year, the Ambassadors removed 832,713 pounds of trash, power-washed 550 block faces, removed weeds from 1,192 block faces and removed 4,437 instances of graffiti. They made 28,328 hospitality assists, which include giving directions to pedestrians, distributing downtown guides, and offering safety escorts.

Community Engagement During Sector Groups meetings, retailers, residents, and property owners identify and solve quality of life issues. Held regularly, the Central Business Section Commander and the President and CEO of DCI attend all meetings.

DCI’s Social Service Outreach Coordinators had 6,043 contacts and interactions with clients, social service providers and landlords and helped 40 individuals move into housing facilities. During 2014, the Ambassadors made 9,336 contacts with panhandlers, and they continue to encourage visitors to give to social services organizations instead of panhandlers to make a lasting difference.

DCI issued 132 Virtual Block Watch email notifications regarding urgent safety topics and street construction updates. This demonstrates an 8% increase over last year’s updates.

SAFE AND CLEANEnhancing the safe, clean, and welcoming environment of downtown Cincinnati.


Courtesy of Downtown Cincinnati Inc.Alex Koppelman Courtesy of Downtown Cincinnati Inc.

105296_changeA.indd 45 3/26/15 11:43 AM


Living Downtown More than 1,000 Welcome Bags filled with promotional items from restaurants, retailers, arts, culture, and transit organizations were delivered to new downtown workers and residents.

DCI participated on the board of the Downtown Residents Council coordinating its speaker program which included representatives from Cincy Red Bike, City of Cincinnati Councilmembers, National Urban League Conference, Cincinnati Preservation Society, The Women’s Fund of The Greater Cincinnati Foundation, ReelAbilities Film Fest, Renaissance Cincinnati Downtown Hotel, Cincinnati Streetcar, and Cincinnati Parks Foundation.

New and Expanding BusinessesDowntown Orientation sessions, presented with partners including the City of Cincinnati and Metro/SORTA, were provided to new downtown companies Jedson Engineering, Pure Romance, BDO and Zipscene. Growing downtown firms Keating, Muething & Klekamp and PricewaterhouseCoopers enjoyed downtown update presentations from DCI.

DCI joined the board of the Regional Economic Development Initiative (REDI), new in 2014, to assist in attraction and retention of office users. These efforts included working with owners of AT580, the Terrace building, Mabley Place, Renaissance Cincinnati Downtown Hotel, the future Homewood Suites and Hampton Inn, The Banks Phase II, and GE.

Research and Information

The 2014 Downtown Cincinnati Perceptions Survey was completed by 2,979 local respondents, 29% of whom represented minority racial and ethnic groups—the most diverse participation in the survey to date. Perceptions of downtown remained strongly positive in 2014 with 74% of respondents rating the Central Business District favorably, and 80% of visitors rating Over-the-Rhine favorably.

DCI provided data support to commercial developers and residential developers, commercial real estate firms, the Cincinnati USA Convention and Visitors Bureau, and the Cincinnati Police and Communications departments.

The combined State of Downtown and Annual Report, Celebrating 20 Years of Downtown Revitalization, featured a 20 year timeline outlining major milestones, residential data, safe and clean indicators, and entertainment and recreational visitation.

STAKEHOLDER SERVICESSupporting and advocating for business and residential growth in downtown Cincinnati.

Courtesy of Downtown Cincinnati Inc. Courtesy of the Downtown Residents Council Courtesy of LaVERDAD Marketing


105296_changeA.indd 46 3/26/15 11:43 AM


Independent Auditors’ Report Board of Directors Downtown Cincinnati, Inc. Cincinnati, Ohio We have audited the accompanying financial statements of Downtown Cincinnati, Inc. (DCI) (a nonprofit organization), which comprise the statements of financial position as of December 31, 2014 and 2013 and the related statements of activities and cash flows for the years then ended, and the related notes to the financial statements. Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion

In our opinion, the financial statements referred to above, present fairly, in all material respects, the financial position of DCI as of December 31, 2014 and 2013 and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

March 12, 2015 Cincinnati, Ohio

www.barnesdennig.com

105296_changeA.indd 47 3/26/15 11:43 AM

STATEMENTS OF FINANCIAL POSITIONDecember 31, 2014 and 2013

2014 2013

Assets Cash and cash equivalents $ 486,129 $ 600,634 Certificates of deposit 249,950 249,692 Contracts and accounts receivable 400,152 176,845 Unbilled receivables 198,802 270,829 Prepaid expenses 6,490 7,149 Property and equipment, net 48,036 11,566

Total assets $ 1,389,559 $ 1,316,715

Liabilities and Net Assets

Liabilities Accounts payable and accrued expenses $ 412,598 $ 424,845 Advanced memberships 83,326 82,101

Total liabilities 495,924 506,946

Unrestricted Net Assets 893,635 809,769 Total liabilities and net assets $ 1,389,559 $ 1,316,715



105296_changeA.indd 48 3/26/15 11:43 AM

2014 2013

Unrestricted revenues and support DCID contract: Special Improvement District $ 2,275,500 $ 2,265,911 Service agreements 308,285 488,904 Memberships 140,025 131,210 Holiday, directory sponsorships and special events 104,392 120,020 In-kind donations 27,537 18,121 Other Income 12,300 2,500 Interest income 1,406 986 Net assets released from restriction — 50,000

Total unrestricted revenues and support 2,869,445 3,077,652

Expenses Operating 2,758,042 2,934,240 In-kind 27,537 18,121

Total expenses 2,785,579 2,952,361

Change in unrestricted net assets 83,866 125,291

Temporarily restricted net assets released from restriction — (50,000)

Change in temporarily restricted net assets — (50,000)

Change in net assets 83,866 75,291

Net assets, beginning of year 809,769 734,478

Net assets, end of year $ 893,635 $ 809,769

STATEMENTS OF ACTIVITIESYears Ended December 31, 2014 and 2013



105296_changeA.indd 49 3/26/15 11:43 AM


STATEMENTS OF CASH FLOWSYears Ended December 31, 2014 and 2013

2014 2013

Cash flows from operating activities Change in net assets $ 83,866 $ 75,291 Adjustment to reconcile change in net assets to net cash provided by operating activities: Depreciation 8,882 4,424 Changes in: Contracts and accounts receivable (223,307) 28,222 Unbilled receivables 72,027 (6,937) Prepaid expenses 659 (1,369) Accounts payable and accrued expenses (12,247) 141,218 Advanced memberships 1,225 4,475

Net cash provided by (used in) operating activities (68,895) 245,324

Cash flows from investing activities Purchase of certificates of deposit (301,012) (249,692) Certificate of deposit maturities 300,754 55,000 Purchase of property and equipment (45,352) (9,213)

Net cash used in investing activities (45,610) (203,905)

Net change in cash and cash equivalents (114,505) 41,419

Cash and cash equivalents, beginning of year 600,634 559,215

Cash and cash equivalents, end of year $ 486,129 $ 600,634


105296_changeA.indd 50 3/26/15 11:43 AM


NOTES TO FINANCIAL STATEMENTS

NATURE OF OPERATIONSDowntown Cincinnati, Inc. (DCI or the Organization) is a nonprofit corporation organized to enhance downtown Cincinnati through safe and clean programs, communications and marketing programs, and stakeholder services including assisting small women-owned and minority- owned firms. DCI receives contributions from Cincinnati area companies and foundations; and also receives funds from assessments on all downtown properties to take leadership in the revitalization of downtown.

FINANCIAL STATEMENT PRESENTATIONThe financial statements have been prepared on the accrual basis of accounting in accordance with generally accepted accounting principles (GAAP). The Organization is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets which have no donor-imposed restriction; temporarily restricted net assets which have donor-imposed restrictions that will expire in the future; and permanently restricted net assets which have donor-imposed restriction which do not expire. There are no temporarily or permanently restricted net assets at December 31, 2014 and 2013.

CASH AND CASH EQUIVALENTSThe Organization considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2014 and 2013, cash equivalents consisted primarily of money market funds. The Organization maintains its cash in bank deposit accounts which, at times, exceed federally insured limits. The Organization has not experienced any losses in such accounts and management believes it is not exposed to any significant credit risk.

CERTIFICATES OF DEPOSITCertificates of deposit are carried at cost which approximates fair value. The certificates held at December 31, 2014 mature on various dates during 2015 and 2016.

CONTRACTS AND ACCOUNTS RECEIVABLEContracts and accounts receivable consist of reimbursements due under contract agreements and general accounts receivable. The Organization provides an allowance for doubtful accounts, which is based upon a review of outstanding receivables, historical collection information and existing economic conditions. Delinquent receivables are written off based on individual credit evaluation and specific circumstances. As of December 31, 2014 and 2013, management considered all receivables to be collectible; therefore, no allowance was necessary.

UNBILLED RECEIVABLESUnder the Special Improvement District (SID) contract through Downtown Cincinnati Improve-ment District (DCID), SORTA and Hamilton County Office of Reentry, the Organization bills actual monthly expenses the following month. Unbilled receivables represent December SID, SORTA and Hamilton County Office of Reentry expenses to be billed in January of the following year. Also included in unbilled receivables at December 31, 2014 and 2013 were December consignment sales of promotional products (Commemorative Rookwood Tiles) billed in January of the following year.

NOTE 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


105296_changeA.indd 51 3/26/15 11:43 AM

NOTES TO FINANCIAL STATEMENTS (continued)

NOTE 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

PROPERTY AND EQUIPMENTProperty and equipment are recorded at cost or at fair value as of the date of the contribution. Depreciation is provided using the straight-line method over the estimated useful lives of the respective assets. The cost of maintenance and repairs are expensed as incurred while significant improvements are capitalized.

CONTRIBUTIONSThe Organization records gifts of cash and other assets at their fair value as of the date of contribution. Such donations are recorded as unrestricted support unless explicit donor stipulations specify how the donated assets must be used. Gifts that are originally restricted by the donor and for which the restriction is met in the same time period are recorded as unrestricted support.

Gifts of long-lived assets with explicit restrictions that specify how the assets are to be used and gifts of cash or other assets that must be used to acquire long-lived assets are reported as restricted support. Absent explicit donor stipulations about how long-lived assets must be maintained, the Organization reports expirations of donor restrictions when the donated or acquired long-lived assets are placed in service.

IN-KIND DONATIONSThe Organization receives certain in-kind donations during the year, which are recorded at fair market value as contribution revenue and an expense in the financial statements.

ADVANCED MEMBERSHIPSMemberships received in advance are deferred and recognized in the period to which the memberships relate.

INCOME TAXESThe Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of Ohio law. However, the Organization is subject to federal income tax on any unrelated business taxable income.

The Organization’s IRS Form 990 is subject to review and examination by federal and state authorities. The Organization believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the financial statements. The Organization is generally no longer subject to examinations by tax authorities for years before 2011.

FUNCTIONAL ALLOCATION OF EXPENSESThe costs of supporting the various programs and other activities have been summarized on a functional basis in the notes to the financial statements. Expenses have been classified based upon the actual direct expenditures and cost allocations based upon estimates of time spent by Organization personnel.



105296_changeA.indd 52 3/26/15 11:43 AM


NOTE 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

NOTE 3

CONCENTRATION / SPECIAL IMPROVEMENT DISTRICT

NOTE 4

OTHER SERVICE CONTRACTS

NOTE 2

PROPERTY AND EQUIPMENT

USE OF ESTIMATESThe preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

SUBSEQUENT EVENT EVALUATIONIn preparing its financial statements, the Organization has evaluated events subsequent to the statement of financial position date through March 12, 2015, which is the date the financial statements were available to be issued.

DCI entered into a Special Improvement District contract with Downtown Cincinnati Improvement District (DCID) which expires on December 31, 2017. DCID is a special assessment of downtown property owners, which purchase the services of DCI. Approximately 78% of revenues in 2014 and 75% in 2013, and 87% of the receivables in 2014 and 71% in 2013 are related to the Special Improvement District contract.

DCI had contracts with the Fountain Square Management Group to clean Fountain Square and OTR Holdings to clean certain areas in Over-the-Rhine. These contracts ended in April 2014. DCI expended $95,350 in 2014 and $377,721 in 2013 in connection with these contracts.

DCI also has a contract with SORTA to clean Government Square, bus stops and shelters in the central business district and Hamilton County Office of Reentry to provide outreach services. DCI expended $204,349 in 2014 and $149,645 in 2013 in connection with these contracts.

Property and equipment consisted

of the following: 2014 2013

Computer equipment $ 60,300 $ 55,758

Signage 31,891 —

Computer software 24,608 16,141

Office equipment 9,018 8,566

125,817 80,465

Less accumulated depreciation (77,781) (68,899)

$ 48,036 $ 11,566

Depreciation expense was $8,882 in

2014 and $4,424 in 2013.



105296_changeA.indd 53 3/26/15 11:43 AM


NOTE 5

LEASE COMMITMENTS

NOTE 7

FUNCTIONAL ALLOCATION OF EXPENSES

NOTE 6

401(K) PLAN

The costs of supporting the various programs and other activities of the Organization have been summarized below. Expenses have been classified based upon the actual direct expenditures and cost allocations based upon estimates of time spent by Organization personnel.

2014 2013

Program services $ 2,463,563 88.4% $ 2,652,217 89.9%

General and administrative 194,787 7.1% 209,072 7.0%

Fundraising 127,229 4.5% 91,072 3.0%

$ 2,785,579 100.0% $ 2,952,361 100.0%

DCI participates in a multi-employer 401(k) plan sponsored by the Cincinnati USA Regional Chamber of Commerce The Organization matches up to 5% of the employees’ contributions to the plan. Participants vest in employer contributions 20% each year and are fully vested after five years. Plan contributions were $24,050 for 2014 and $23,216 for 2013.


The Organization leases office space and various equipment under operating leases that will expire in 2017. Rent expense for these leases was $67,452 in 2014 and $55,985 in 2013.

Future minimum lease payments are as follows:

2015 $ 67,482

2016 67,482

2017 66,584

$ 201,548


105296_changeA.indd 54 3/26/15 11:43 AM


Contemporary Arts Center’s Metrobot Travis Estell

Taste of Cincinnati Courtesy of the Cincinnati USA Regional Chamber

Reds Fans Courtesy of the Cincinnati Reds

Pi Pizzeria Thadd Fiala

Nick and Drew Lachey at Oktoberfest Courtesy of the Cincinnati USA Regional Chamber

Renaissance Cincinnati Downtown Hotel 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com


105296_changeA.indd 55 3/26/15 11:43 AM

DOWNTOWN CINCINNATI INC. BOARD OF DIRECTORS

Executive Committee

Mayor John Cranley Honorary Chair Mayor, City of Cincinnati

Jill P. Meyer Chair (beginning as Chair April 1, 2014) Partner-in-Charge, Frost Brown Todd LLC

Mark T. Reitzes Chair (through April 1, 2014)

Edward D. Diller Vice Chair (beginning as Vice Chair February 15, 2014) Partner-in-Charge, Taft Stettinius and Hollister LLP

Marvin Blade Vice Chair (through February 15, 2014) Director, Government and Community Relations, Duke Energy

Ryan M. Rybolt Secretary (beginning as Secretary April 1, 2014) President, Infintech LLC

Kelley J. Downing Secretary (through April 1, 2014) President and Chief Executive Officer, Bartlett and Company

David A. Eshman Treasurer Partner, Deloitte LLP

Harry Black (beginning September 1, 2014) City Manager, City of Cincinnati

David N. Ginsburg President and Chief Executive Officer, Downtown Cincinnati Inc.

Wijdan Jreisat Attorney at Law, Katz, Teller, Brant and Hild

Arlene R. Koth Vice President, Administration and Human Resources, TriVersity Construction Company

Christopher Monzel President, Hamilton County Board of Commissioners

William J. Moran (beginning February 1, 2014) Senior Vice President, Director of Corporate Facilities, Fifth Third Bank

Chad Munitz Executive Vice President, Development and Operations, Cincinnati Center City Development Corporation (3CDC)

Jim T. Neyer Executive Vice President, Real Estate Development, Al Neyer LLC

Kevin Shibley General Manager, Saks Fifth Avenue

Scott Stiles (through September 1, 2014) Interim City Manager, City of Cincinnati

Directors

Tim Abbott (beginning May 1, 2014) Government and Community Relations Manager, Duke Energy

Eric P. Avner Vice President and Senior Program Manager, Community Development, The Carol Ann and Ralph V. Haile, Jr./U.S. Bank Foundation

Chief Jeffrey Blackwell (beginning February 1, 2014) Chief of Police, Cincinnati Police Department



105296_changeA.indd 56 3/26/15 11:43 AM


DCI Board of Directors (continued)

Wayne Bodington (through April 1, 2014) General Manager, The Westin Hotel, Cincinnati

Paul Brown (beginning April 1, 2014) Vice President, Cincinnati Bengals

Ashley Buchanan Assistant Vice President, Director Queen City Square Management, Eagle Realty Group A member of Western and Southern Financial Group

Donald B. Bush

Brian T. Carley (beginning March 1, 2014) President and Chief Executive Officer, Cincinnati USA Regional Chamber

Cristina Chuecos Consultant, Diversity and Global Competency, Wisdom Nuggets, LLC

Deborah Dent President and Founder, Venue 222

Daniel J. Eifert Vice President, Property Management Hines

Kimber L. Fender The Eva Jane Romaine Coombe Director, The Public Library of Cincinnati and Hamilton County

Mary Sue Findley Vice President of Human Resources, dunnhumbyUSA

Karen Forgus Senior Vice President of Business Operations, Cincinnati Reds

Terry Garcia Crews (through July 1, 2014) Chief Executive Officer and General Manager, Metro

Carl L. Goertemoeller Senior Vice President, Real Estate, Macy’s Inc.

Barbara Hauser Manager, Ohio Community Relations, The Procter and Gamble Company

Dr. Julia A. Heath Executive Director of the Economics Center and Professor, Alpaugh Family Chair of Economics, University of Cincinnati

Dr. LaVaughn M. Henry, Ph.D. Vice President and Senior Regional Officer, Federal Reserve Bank of Cleveland - Cincinnati Branch

Sallie L. Hilvers (beginning July 1, 2014) Executive Director Strategic Communications, Metro

Craig Hudson (beginning April 1, 2014) President, Downtown Residents Council

Lt. Col. Paul Humphries (through February 1, 2014) Executive Assistant Chief, Cincinnati Police Department

Emilie Johnson President, Over-the-Rhine Chamber

Steven T. Kenat (beginning April 1, 2014) Principal Director, Community Development, GBBN Architects, Inc.

Kevin Kline Senior Vice President and General Manager, Horseshoe Casino

Kelly Kolar President, Kolar Design


105296_changeA.indd 57 3/26/15 11:43 AM

DCI Board of Directors (continued)


Daniel M. Lincoln President and Chief Executive Officer, Cincinnati USA Convention and Visitors Bureau

James J. McGraw, Jr. Partner, Keating Muething and Klekamp PLL

Peg Moertl (through October 1, 2014) Central Territory, Executive Senior Vice President, Community Development Banking, PNC Bank

Gregory A. Otis Chief Executive Officer, GO! Creative LLC

Julia W. Poston Office Managing Partner, Ernst and Young LLP

Sherri Prentiss (beginning April 1, 2014) Vice President, Marketing, Cincinnati Symphony Orchestra

Brian A. Ross

Sean Rugless President and Chief Executive Officer, Greater Cincinnati/Northern Kentucky African American Chamber of Commerce

Wm. John Ryan Greater Cincinnati-Northern Kentucky Complex Manager, Senior Vice President, Investments, Raymond James and Associates

Carl Satterwhite (through December 4, 2014) President, The RCF Group

Karen Seiter Vice President, Manager Corporate Real Estate, Fifth Third Bank

Elizabeth P. Sherwood (beginning April 1, 2014) Vice President, Community Development, Huntington National Bank

Stephen Taylor Vice President, District Manager, US Bank

Conrad Thiede (through April 1, 2014) Director of Planned Giving and Special Campaigns, Cincinnati Symphony Orchestra

LeVon Thompson, Jr. President and Chief Operating Officer, Foxx Construction, LLC

Ellen G. van der Horst (through March 1, 2014) President and Chief Executive Officer, Cincinnati USA Regional Chamber

Stanford T. Williams, Jr. Vice President, Economic Inclusion, Messer Construction Company

Mark P. Woodruff Senior Brand Marketing Manager, Enquirer Media


105296_changeA.indd 58 3/26/15 11:43 AM

5th Street Gallery

Acme Lock Inc.

Airrosti Rehab Centers, LLC

Al. Neyer, LLC

Allpro Parking

American Modern Insurance Group

Antonelli College

Appointments – The Business Store

Arnold’s Bar & Grill

Art Beyond Boundaries

ArtWorks

AT&T Ohio

ATech: Automotive Technology

Baker & Daboll, LLC

Bang & Olufsen Cincinnati

Barbara J. Howard Co. LPA

Barnes Dennig & Co., Ltd.

Bartlett & Company

Below Zero Lounge

BHDP Architecture

BKD, LLP

Block by Block, Louisville

Bonnie K. White & Associates, Inc.

Brandstetter Carroll Inc.

Brian L. Tiffany & Co., LLC

Broadway in Cincinnati

Budco Group Inc.

Burgess & Niple, Inc.

Burke & Schindler PLL

Cadre Computer Resources Co.

Castellini Company LLC

Charitable Words

DOWNTOWN CINCINNATI INC. MEMBERS

Christ Church Cathedral

Cincilingua Inc. International Language Center

Cincinnati Art Galleries, LLC.

Cincinnati Arts Association

Cincinnati Bar Association

Cincinnati Bengals

Cincinnati Book Publishing

Cincinnati Business Committee

Cincinnati Business Courier

Cincinnati Center City Development Corporation (3CDC)

Cincinnati Development Fund, Inc.

Cincinnati Hills Christian Academy

Cincinnati Masonic Center

Cincinnati Museum Center

Cincinnati Reds

Cincinnati Saints Soccer Club

Cincinnati Stage Employees Local No. 5

Cincinnati State Technical and Community College

Cincinnati Symphony Orchestra

Cincinnati USA Convention and Visitors Bureau

Cincinnati USA Regional Chamber

Cincinnati USA Regional Tourism Network

Cincy Magazine

Cintas Corporation

City Dermatology and Laser

Clark, Schaefer, Hackett & Co.

Colliers International Greater Cincinnati

Contract Sweepers

Cooney Faulkner & Stevens, LLC

Covenant First Presbyterian Church

CR Architecture + Design

CRAVE Cincinnati

Cushman & Wakefield|Cincinnati Commercial, REALTORS

Defining Moments Consulting

Deloitte LLP

Development Strategies Group, LLC

Dinsmore & Shohl LLP

DTZ

Duke Energy

Duke Energy Center/Global Spectrum

dunnhumbyUSA

Elliott Management Group

Empower MediaMarketing

Enquirer Media

Ensemble Theatre of Cincinnati

Ernst & Young LLP

Fabulous Frames and Art

Federal Home Loan Bank of Cincinnati

Fifth Third Bank

Findlay Market

Forza Marketing

Foundation Bank

Foxx Construction, LLC

FRCH Design Worldwide

FreeStore FoodBank, Inc.

Frisch’s Restaurants, Inc.

Frost Brown Todd, LLC

Fund Evaluation Group, LLC

Game Day Communications

Garfield Suites Hotel


Corporate


105296_changeA.indd 59 3/26/15 11:43 AM

GBBN Architects

General Electric Aviation

Glaserworks

Global Cloud

Godbey & Associates

Goodson and Company, Ltd.

Graeter’s Manufacturing Company

Greater Cincinnati/Northern Kentucky African American Chamber of Commerce

GreenSource Cincinnati

Hardman Investment Group

Hart Productions, Inc.

Hathaway Stamp and Identification

Heidelberg Distributing Company

HGC Construction

HHB Partners, Inc., Realtors

Hilliard Lyons

Hilton Cincinnati Netherland Plaza Hotel

Hines

Hixson Architecture, Engineering, Interiors

Horseshoe Casino

Humler & Nolan

Hunt Club Clothiers Ltd., Inc.

Huntington National Bank

Infintech, LLC

Inner Peace Holistic Center

Integrated Research Associates

ISQ CoolCo, LLC

Izzy’s

JDL Warm Construction

Jeffrey R. Anderson Real Estate Inc.

Katz, Teller, Brant & Hild

Keys & Simpkinson

Klosterman Baking Company

KMK Consulting Company, LLC

Kolar Design, Inc.

Lala’s Blissful Bites

LaVerdad Marketing & Media

Legg Mason Investment Counsel

Lincoln Maly Marketing

LKAB Minerals, Inc

Local 12 WKRC-TV

LPK Design

Lucy Blue Pizza Cafe

Macy’s, Inc.

Manley Burke

Mark Bowen Media

MC Squared Limited, LLC

McKinney & Namei Co., LPA

Mellott & Mellott, P.L.L.

Messer Construction Company

Metro

Michael Schuster Associates, Inc.

Mike & Carol Trotta

Model Group

Moerlein Lager House

Morton’s Steakhouse

Nicholson’s Pub LLC

North American Properties

NorthPointe Realty

OKI - Regional Council of Governments

Over-the-Rhine Chamber of Commerce

Paula Norton Photography

Peak Property Group

Pepper Construction Company of Ohio, LLC

Plante & Moran, PLLC

Plum Street Cafe

PNC Bank

Port of Greater Cincinnati Development Authority

Premier Social Security Consulting, LLC

Prime 47

Pure Romance

R.G. McGraw Insurance Agency, Inc.

Raymond James & Associates

Renaissance Cincinnati Downtown Hotel

Palomino Rotisserie and Bar

Richter & Phillips Company

Riverpoint Capital Management, Inc.

RJE Business Interiors

Robinson Sotheby’s International Realty

Rookwood Pottery Company

Roosters Men’s Grooming Center

Saks Fifth Avenue

Sanger & Eby

Scott Knox Attorney At Law

Sibcy Cline, David Dawson

Sibcy Cline Realtors, Metropolitan Office

SMS Events

Sonic Arts Digital Audio Services, Inc.

SP Plus Parking

Standard Textile Company, Inc.

Starboard Strategy

Statman Harris & Eyrich

Stock Yards Bank & Trust

Stout & Gallant

Strauss & Troy

Taft Stettinius & Hollister LLP

TDA Associates, Inc.

Terry Monnie Title Company

The Bank of Kentucky

The Bromwell Company

The Carol Ann & Ralph V. Haile, Jr./U.S. Bank Foundation

The Contemporary Arts Center

DCI Members (continued)



105296_changeA.indd 60 3/26/15 11:43 AM

2014 DOWNTOWN CINCINNATI INC. ANNUAL REPORT PG. 60

The Garage OTR

The Greater Cincinnati Foundation

The Gym at Carew Tower

The Hearth Room

The Kroger Company

The Nature Conservancy

The Phoenix Restaurant Group

The Preview Group, Inc.

The Procter & Gamble Company

The Public Library of Cincinnati and Hamilton County

The RCF Group

The Reserve at 4th and Race

The Soapbox Salon

The University Club of Cincinnati

Theatre Management Corporation

Thesing Real Estate Services, Inc.

Thomas D Heldman CPA & Associates, Inc

Thompson Hine LLP

THP Limited Inc.

Tiffany & Co.

Time Warner Cable

Tom and Chee LLC

Trattoria Roma

Tri-State Plan Administration Inc.

TriVersity Construction Company

Ulmer & Berne LLP

United Way of Greater Cincinnati

Universal Protection Services, LLC

University Hospital

University of Cincinnati

UPS Store

Upside Down Holdings LLC

Uptown Consortium, Inc.

Urban Fast Forward

Urban Sites Limited Liability Company

US Bank

US Digital Partners

Venue 222

Vestige Redevelopment Group

Via Vite

Walter E. Gay, Jr., D.D.S., Inc.

Western & Southern Financial Group/ Eagle Realty Group

Whitmer & Company CPAS, LLP

Winegardner & Hammons, Inc.

Wisdom Nuggets LLC

Wood, Herron & Evans, LLP

Individual and Family MembersNancy Allen

Eric Anderson

Mary Armor

Geoffrey Barnes

Mary A. Berry

Tom Besanceney

Damian Bolton

Paula Brehm-Heeger

Kathleen and George Brinkman

Kathleen DuPriest

Greg Edwards

Andrew Gephardt

Coralie Ginsburg

David and Pamela Ginsburg

Marshall and Enid Ginsburg

Philip Gissen

Mike and Carol Glotfelter

LaVaughn Henry

Kathryn Haines

Craig Hudson

DCI Members (continued)

Thomas Huenefeld

Alison Kamine

Lisa Kaminski

Steven Kenat

Thomas Kilcoyne

Kinsey King

Susan Lennard

Stephen MacConnell

John Mack

Martha McGlinchey

Terry Miller

Daniel and LaWana Moroski

Mike and Katie Moroski

Michael Ohmer

Mark Painter

Rick Pender

Thomas Powers

Albert Pyle

Bill Schmidt

Kevin Schuitema

Andy Scott

Jalea Stowers-Grimes

Wayne Taleff

Cindy Taylor

Conrad Thiede

Jeffrey Waite

Cynthia Walker

Nathan Waller

James and Joan Wichman

David Yip

Christy Zerges

Michael Zipfel



105296_changeA.indd 61 3/26/15 11:43 AM

STAFFDavid N. Ginsburg, President and CEO

Patricia Casey, Administrative Manager

Shelly Fuller, Director of Operations

Gina Gartner, Director of Stakeholder

and Information Services

Ron Mabry, Operations Manager,

Ambassador Services

Julie McGuire, Administrative Assistant

Mindy Rosen, Senior Vice President of

Communications and Strategic Initiatives

Tricia Suit, Director of Marketing

David Thomas, Director of Ambassador Services


Downtown Ambassadors Courtesy of Downtown Cincinnati Inc.

Downtown Cincinnati Inc. Staff Gregg Smith

David Ginsburg News Interview Courtesy of Downtown Cincinnati Inc.


105296_changeA.indd 62 3/26/15 11:43 AM

105296_changeA.indd 63 3/26/15 11:43 AM

35 East Seventh Street, Suite 202 Cincinnati, OH 45202 513.421.4440www.downtowncincinnati.com

THE MISSION OF DOWNTOWN CINCINNATI INC.

IS TO BUILD A DYNAMIC METROPOLITAN CENTER

VALUED AS THE HEART OF THE REGION.

105296_changeA.indd 64 3/26/15 11:43 AM

state of downtown issued april 2015 and 2014 annual report

Documents