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Published, Version of Record (VoR)Open Access (License Unspecified), Open Access
Published, Version of Record (VoR)Open Access (License Unspecified), Open
Report
Cincinnati's Over-The-Rhine: A Private Led Model for Revitalizing Urban Neighborhoods
25 Jun 2019
DOI:
https://doi.org/10.17918/00010541
Abstract
In 2003, Cincinnati’s Mayor, Council and business leaders created a private, non-profit organization called the Cincinnati Center City Development Corporation (3CDC) to implement a revitalization plan for downtown and its adjacent Over-the-Rhine neighborhood. This paper explores how the Cincinnati model created a new type of institution that makes catalytic, non-conventional investments in real estate such as civic spaces, severely blighted properties, affordable and special needs housing, speculative condominium development, and retail and office developments. 3CDC and its corporate board used primarily private funding to improve civic spaces and to catalyze the transformation of vacant and underutilized properties into investable resources in order to reinvigorate Cincinnati’s dormant downtown and change the trajectory of a neighborhood plagued by blight and vacancy.
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Details
- Title
- Cincinnati's Over-The-Rhine: A Private Led Model for Revitalizing Urban Neighborhoods
- Creators
- Bruce J Katz - Drexel University, Nowak Metro Finance LabKaren L Black - Drexel University, Lindy Institute for Urban InnovationLouise Norig - Copenhagen Business School
- Publisher
- Nowak Metro Finance Lab, Drexel University; Philadelphia, PA
- Number of pages
- 72
- Resource Type
- Report
- Language
- English
- Academic Unit
- Nowak Metro Finance Lab; Lindy Institute for Urban Innovation
- Other Identifier
- 991021902029604721