3. OUR MISSION
• 3CDC is a non-profit, real estate
development and finance organization
focused on strategically revitalizing
Cincinnati’s downtown urban core in
partnership with the City of Cincinnati
and the Cincinnati corporate
community. Our work is specifically
focused on the Central Business
District and in Over-The-Rhine.
• 3CDC manages The Cincinnati Equity
Fund (CEF) and the Cincinnati New
Markets Fund (CNMF). These
investment funds play an important
role by providing financial aid in
downtown development activities.
4. Board Members
American Financial Group *
American Modern Insurance Group
Castellini Company
Cincinnati Bell
Cincinnati Enquirer
Cincinnati USA Regional Chamber
Cintas
Convergys Corporation
Deloitte
Dinsmore & Shohl
Duke Energy
Fifth Third Bank *
First Financial Bank
General Electric
Global Novations
Humana
Huntington Bank
Jack Rouse Associates
KPMG
Macy’s *
North American Properties
Peck, Shaffer & Williams
PNC Bank
Procter & Gamble *
Scripps Interactive
The Kroger Company *
Towne Properties
Toyota Motor
United Way
Uptown Consortium
U.S. Bank
Western & Southern Financial Group * * Fortune 500 Headquartered Companies
5. CEF/CNMF
Cincinnati Equity Fund
Cincinnati New Markets Fund
Cincinnati Equity Fund $44.5 million
Cincinnati Equity Fund II $50.2 million
Cincinnati New Market Fund $50.0 million
Cincinnati New Market Fund II $35.0 million
Cincinnati New Market Fund III $18.0 million
State New Market Tax Credit $2.0 million
Cincinnati New Market Fund IV $50.0 million
TOTAL $249.7 million
6. I N V E S T M E N T S TO D AT E
Over the past 6 years:
$163 Million CEF/CNMF investment
$122 Million private investment
$39 Million City investment
(with additional pledge of 16.4 through TIF districts over the next
20 years with a NPV of $7.7 million )
$324 Million
Invested in downtown and OTR
7. UPCOMING INVESTMENTS
Over the next 12 months:
Mercer Commons - $53.5 Million
Paint Building - $4.1 Million
OTR Phase V - $23 Million
Homeless to Homes - $25 Million
5 th & Ra c e - $ 1 0 0 M i l l i o n
$205.6 Million
in additional investments
11. OTR ACTION STEP:
LAND BANKING
• CEF/CNMF has invested
over $27 million in
private funding to land
bank properties in the
Washington Park
section of OTR
• 3CDC owns or controls:
200 buildings
169 vacant parcels
• Over $700,000 in
annual carrying costs
15. OT R A C T I O N S T E P :
CLOSING PROBLEM PROPERTIES
118 W. 15th 1432 Vine (Pohlar Bar) 1401 Race (Bang’s) 1412 Vine (Cricket)
(Walt’s)
1331-35 Vine (AM/PM Market) 20-22 W. 12th (Jordan’s) 3 E. 13th (Albert’s) 1201 Vine (Glossinger’s)
17. OT R A C T I O N S T E P :
ACQUIRED AND SECURED VACANT
PROPERTIES
Before:
After:
18. OT R : C H A L L E N G E S
Crime Statistics within 3CDC’s Targeted Area
Type of Crime 2004 2005 2006 2007 2008 2009 2010 2011 % Change
Part I 1,170 1,160 946 675 671 567 540 583 -50%
Part II 603 587 537 510 443 351 341 323 -46%
Total 1,773 1,747 1,483 1,185 1,114 918 881 906 -49%