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STATE OF
DOWNTOWN
CINCINNATI
Issued April 2015
IN CLUDING:
Downtown Cincinnati Inc.
2014 ANNUAL REPORT
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TABLE OF CONTENTS
01INTRODUCTION
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
05WORK
Dick Waller’s Art Place
Lease Transactions, Downtown Development, Employment,
Office Inventory, Office Rental and Vacancy Rates
5chw4r7z, Courtesy of 5chw4r7z.blogspot.com
13LIVE
Perceptions, Residential Amenities, Safe and Clean,
Residential Unit Sales and Prices, Residential Units and
Occupancy, Downtown Population
21 P
LAY
Films, Entertainment, Hotels, New Retail, Retail
Composition and Occupancy, Conventions, Walks and Runs
35 A
CCESS AND TRANSIT
DCI Street Pole Banners
Monthly Parking, Public Transit
Courtesy of Downtown Cincinnati Inc.
39 D
CI 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
Bodies in Urban Spaces
5chw4r7z, Courtesy of 5chw4r7z.blogspot.com
SOURCES
The 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:
•
•
•
•
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bizjournals.com/cincinnati
choosecincy.com
cincinnati.com
cincinnati-oh.gov
•
•
•
•
cincinnatichamber.com
cincinnatiUSA.com
cincyusa.com
ilivedowntown.com
• myfountainsquare.com
• otrchamber.com
• soapboxmedia.com
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IN T RODUCTION
PARTNERS
Downtown Cincinnati Inc. thanks the following individuals
and organizations for their assistance in compiling this report:
CBRE
Cincinnati’s arts, culture,
sports & entertainment
organizations
DCI Welcomes City Manager Harry Black
Courtesy of Downtown Cincinnati Inc.
Cincinnati Business
Courier
Cincinnati Center
City Development
Corporation (3CDC)
Cincinnati Multiple
Listing Service
Cincinnati USA
Convention & Visitors
Bureau
Greater Cincinnati &
Northern Kentucky Film
Commission
Cincinnati USA Regional
Chamber of Commerce
Keep Cincinnati
Beautiful
Cincy Red Bike
Amy Smith
City of Cincinnati
The Corporation for
Findlay Market of
Cincinnati
Colliers International
Downtown Residents
Council
Enquirer Media
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: Page 35
Steve Pittman, Resource Ammirati: Page 39
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.
PG. 1 STATE OF DOWNTOWN REPORT
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ABOUT THIS REPORT
The 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.
Fountain Square
—“Style Across America: Touching Down in Cincinnati,” Esquire
”
Courtesy of Downtown Cincinnati Inc.
STATE OF DOWNTOWN REPORT
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Dear Downtown Cincinnati Inc.,
“
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
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
PG. 3
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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.
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. Meyer
President and Chief Executive Officer Downtown Cincinnati Inc.
Board Chair
Downtown Cincinnati Inc.
Frost Brown Todd LLC
This year, we welcomed new partners such as Brian
Carley, president and CEO of the Cincinnati USA
Regional Chamber, Dwight Ferrell, CEO at Metro,
STATE OF DOWNTOWN REPORT
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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.
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LEASE TRANSACTIONS
Major 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
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.
STATE OF DOWNTOWN REPORT
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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.
47
21
51
38
17
1 33 36
32 28 11 37
15
7
23
3 13
49
6
24 43
48
8 19
29
50
35
10
52 39
41
2
40
12
44
25
22
16
14
20
42
18
5
34
4
9
45
46
30 31
26
27
PG. 7 STATE OF DOWNTOWN REPORT
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$176M
$679M
$333M
Central Business District
Over-The-Rhine
Completed Projects
Under Construction Projects
Proposed Projects
UNDER CONSTRUCTION
Project Name
Address
TypeInvestmentCompletion/
($M)
Anticipated Completion
1 1500 Elm Street
1500 Elm Street
RES
$4.20
2014
Broadway and 12th Streets
RES
$12.20
2014
2 Broadway Square Phase I
3 Emanuel Community Church
1308 Race Street
OFF
$2.50
2014
550 Main Street
OFF
$34.00
2014
4 John Weld Peck Federal Building 5 Mabley Place
Fourth and Race Streets
MIX
$5.00
2014
6 Mercer Commons Phases I and II
Vine, between 13th and 14th Streets
MIX
$49.00
2014
7 Park Haus Scattered
RES
$7.80
2014
26 and 28 West 13th Street
MIX
$1.50
2014
8 Park West
9 Renaissance Cincinnati Downtown Hotel
36 East Fourth Street
CEE
$50.00
2014
1404 Main Street
CEE
$1.20 2014
10 The Woodward Theater
11 Westfalen Lofts II
1426-1438 Race Street
MIX
$8.60
2014
12 1201 Walnut
13 15 West 14th
14 AT580
15 Beasley Place
16 CAC Lobby Renovation
17 Chatfield College
18 Cincinnati Streetcar
19 Cintrifuse
20 dunnhumby Centre
21 Globe Building
22 Homewood Suites and Hampton Inn
and Suites
23 Mercer III Townhomes
24 Parksite
25 Seven at Broadway
26 Smale Riverfront Park (Phase 3-4) 27 Smale Riverfront Park (Phase 5) 28 Taft’s Ale House
29 Tea Company Townhomes
30 The Banks (Phase II A)
31 The Banks (Phase II B)
32 The Olson
33 The Osborne
34 Westin Hotel Renovation
35 YMCA
1201 Walnut Street
15 West 14th Street
580 Walnut Street
1405 Republic Street
44 East Sixth Street
1544 Central Parkway
CBD and OTR
1311-1315 Vine Street
Fifth and Race Streets
1801-1805 Elm Street
PRE-DEVELOPMENT/PROPOSED
COMPLETED
Pendleton
36 15th and Race
37 15th and Vine
38 Abington Flats
39 Alumni Lofts
40 Broadway Square Phase II
41 Cutter Apartments
42 Fourth and Race
43 Hogan Building
44 Holiday Inn Hotel
45 Lytle Park Renovation
46 Lytle Tunnel Renovation
47 Market Square at Findlay Market
48 Memorial Hall
49 Music Hall Revitalization
50 The Transept
51 Warner Brothers Building
52 Ziegler Park
15th and Race Streets
1425 - 1437 Vine and Five West 15th Street
33 Green Street
1310 Sycamore Street
Scattered Site, Broadway, 12th Street and 13th Street
Scattered Site, Broadway, 12th Street and 13th Street
411 Race Street
1317 and 1319 Republic Street
Broadway and Seventh Streets
Lytle Park
Lytle Park and I-71
1800 block of Race Street
1225 Elm Street
1243 Elm Street
1205 Elm Street
1600 Central Parkway
Sycamore Street between 13th and 14th Streets
MIXN/A TBD
MIXN/A TBD
RES
$4.00
2016
RES
$24.00
2016
MIX
$11.60 2016
RES
$5.50
2015
MIX
$77.30 TBD
RES
$1.50
2015
CEE
$14.00
2016
ACC
$6.00
2017
ACC
$31.60
2017
MIX
$18.50
2016
CEE
$7.80 2016
CEE
$125.00
2017
CEE
$4.70
2015
OFF
$1.00
2016
CEEN/A TBD
MIX = Mixed Use
N/A = Not available
ACC = Access & Parking
CEE = Cultural/Entertainment/Educational
$7.14 $1.05 $40.00
$2.80
$1.10
$3.40
$148.00
$16.70 $139.73
$4.60
2015
2015
2015
2015
2015
2015
2016
2015
2015
2015
617 Vine Street
CEE
$37.00
10-26 Mercer Street
MIX
$5.45 1316-1318 Race Street
RES
$3.60 Seventh and Broadway Streets
RES
$22.30 Riverfront
CEE
$25.40
Riverfront
CEE
$15.00
1429 Race Street
CEE
$9.60
18-20 West 13th Street, 1307 Republic Street
MIX
$3.10 The Banks
MIXN/A
The Banks
OFFN/A
1408 Elm Street
MIX
$1.74
118 and 122 West 15th Street and 1509 Pleasant Street MIX
$3.61 21 East Fifth Street
CEEN/A
1105 Elm Street
MIX
$27.50 2015
2015
2015
2015
2015
2015
2015
2015
2016
2016
2015
2015
2015
2016
OFF = Office
MIX
CEE
MIX
RES
CEE
CEE
ACC
MIX
MIX
MIX
RES = Residential
TBD = To be determined
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.
STATE OF DOWNTOWN REPORT
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EMPLOYMENT
The 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.
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)
“
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
”
Urban Sites Offices Travis Estell
*According to a report prepared for Colliers by ESRI for zip code 45202, year 2014.
PG. 9
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OFFICE INVENTORY
Colliers 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 DOWNTOWN OFFICE INVENTORY
Inventory: 6,802,968 sq. ft.
Inventory: 9,508,320 sq. ft.
Inventory: 2,258,761 sq. ft.
CLASS A
CLASS B
CLASS C
$23.29
per sq. ft.
$16.31
per sq. ft.
$12.76
per sq. ft.
Net Absorption: 147,259 sq. ft.
Net Absorption: (44,960) sq. ft.
Net Absorption: (76,969) sq. ft.
Occupied
Vacant
2014 REGIONAL OFFICE INVENTORY
Blue Ash
CBD
CBD - Periphery
East
I-71 Corridor North (of I-275)
I-75 Corridor North (of I-275)
Kenwood/Montgomery
Midtown
Northern KY Riverfront
Northern KY
Tri-County
West
Inventory of
Rentable Sq. Ft. Vacancy Rate
Average Rental Rate
2013 Net
Absorption
5,355,542
13.03%
$16.58
(21,735)
18,749,61315.09%$19.18 25,330
4,242,950
22.85%
$18.22
(1,023)
3,415,47711.89%$13.21 68,605
5,435,307
12.19%
$16.33
176,976
2,527,564
4.80%
$19.40
(8,424)
2,299,720 8.24%$16.06 13,918
5,210,579 11.22% $19.45118,063
2,499,366
27.37%
$21.35
54,909
6,841,040
14.48%
$18.13
98,693
7,344,91920.74%$14.88 2,241
1,314,23811.85%$15.13 63,696
Source: Colliers International, Cincinnati Office
STATE OF DOWNTOWN REPORT
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OFFICE RENTAL RATES
The 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
$23.29
CBD CLASS A
Average Regional Rental
ALL Classes*
$17.92
CBD CLASS B
$16.31
CBD CLASS C
$12.76
“
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
”
$20
$15
$10
2010
2014 U.S. RENTAL RATES:
DOWNTOWN CLASS A OFFICE
$25
I
I
I
2014
New York City (Midtown)
$76.65
$62.00
San Francisco
Washington, DC
$54.53
Boston$50.98
Chicago$40.30
$39.76
Los Angeles
Denver$34.35
Portland$27.01
Raleigh/Durham$26.35
Pittsburgh$25.94
Nashville$23.63
Detroit$23.32
Cincinnati$23.29
Atlanta$22.16
Cleveland$22.13
Baltimore$21.26
Columbus$19.58
$19.10
Grand Rapids
Indianapolis$18.95
$17.69
St. Louis
Minneapolis$17.37
Source: Colliers International, Cincinnati Office, “Office Market Outlook, Q4 2014”
PG. 11
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OFFICE VACANCY RATES
Office 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.
OFFICE VACANCY RATES
25%
Cincinnati CBD
15.1%
15.0%
Cincinnati
Suburban
15%
US Suburban
13.8%
11.7%
US CBD
2010
2014 U.S. VACANCY:
DOWNTOWN CLASS A OFFICE
“
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
”
20%
I
I
I
10%
2014
Los Angeles
19.5%
Cleveland17.1%
Detroit16.6%
Atlanta16.1%
St. Louis
15.9%
15.7%
Grand Rapids
Cincinnati15.1%
Baltimore13.2%
Minneapolis12.2%
Chicago11.9%
Nashville11.6%
Boston10.9%
Denver10.7%
10.7%
New York City (Midtown)
Washington, DC
10.6%
Indianapolis9.5%
Columbus9.4%
Pittsburgh9.2%
Portland8.6%
7.5%
San Francisco
Raleigh/Durham4.8%
Source: Colliers International, Cincinnati Office, “Office Market Outlook, Q4 2014”
STATE OF DOWNTOWN REPORT
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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.
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LIV E
PERCEPTIONS
An 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
100%
A PLACE TO TAKE OUT-OF-TOWN GUESTS
OVERALL POSITIVE IMPRESSION
SAFE OVERALL
CLEAN OVERALL
AMBASSADORS ARE VISIBLE
POLICE ARE VISIBLE
0%
GAY FRIENDLY
Survey respondents
with favorable ratings
WELCOMING TO ALL RACES/ETHNICITIES
20%
FAMILY FRIENDLY
40%
IS WALKABLE
60%
VARIETY OF ENTERTAINMENT OPTIONS
80%
“
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
”
Source: 2014 Perceptions Survey conducted by LaVerdad Marketing & Media for Downtown Cincinnati Inc. For more information, visit downtowncincinnati.com.
STATE OF DOWNTOWN REPORT
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LIV E
RESIDENTIAL AMENITIES
As 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.
LEGEND:
Department Stores
Dry Cleaners
Food/Grocery
Home Goods
Pet Amenities
Pharmacy
Wine/Spirits
Note: For a complete list of residential amenities, visit downtowncincinnati.com
PG. 15
105296_changeA.indd 18
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
LIV E
SAFE AND CLEAN
There 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
2,000
1,500
1,075
1,000
500
396
PART 1 CRIME**
PART 2 CRIME
0
2010
I
I
2014
I
OVER-THE-RHINE
CRIME
2,000
1,500
917
1,000
628
500
PART 1 CRIME**
PART 2 CRIME
0
2010
I
I
I
2014
“
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
*Source: Cincinnati Police Department
Note: 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.
STATE OF DOWNTOWN REPORT
105296_changeA.indd 19
PG.16
3/26/15 11:43 AM
LIV E
RESIDENTIAL UNIT SALES
With 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
50
45
40
30
35
30
25
20
15
10
1
Condominiums
Single Family Homes
5
0
2010
I
I
I
OVER-THE-RHINE
2014
93
100
90
80
70
60
50
40
30
14
20
10
Condominiums
Single Family Homes
0
2010
I
I
I
2014
PENDLETON
9
8
7
7
6
5
4
3
3
2
1
Condominiums
Single Family Homes
0
2010
I
I
I
2014
Source: Cincinnati Multiple Listing Service (MLS)
PG. 17
105296_changeA.indd 20
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
LIV E
RESIDENTIAL UNIT PRICES
The 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
$800,000
$320,760
$675,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
Condominiums
Single Family Homes
2010
I
I
$0
2014
I
OVER-THE-RHINE
$350,000
$300,000
$224,222
$250,043
$250,000
$200,000
$150,000
$100,000
$50,000
Condominiums
Single Family Homes
$0
2010
I
I
2014
I
$350,000
$261,170
$306,667
PENDLETON
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
Condominiums
Single Family Homes
$0
2010
I
I
I
2014
Source: Cincinnati Multiple Listing Service (MLS)
STATE OF DOWNTOWN REPORT
105296_changeA.indd 21
PG. 18
3/26/15 11:43 AM
LIV E
RESIDENTIAL UNITS AND OCCUPANCY
There were an estimated 8,350 total residential units in the Central Business District, Overthe-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 RESIDENTIAL UNITS*
8,350
703
COMPLETED UNITS
UNDER CONSTRUCTION
Central Business District
Over-The-Rhine
Pendleton
DOWNTOWN RENTAL PROPERTIES
Total Number of Properties Surveyed
Total Number of Units Surveyed
Average Number of Units/Property
Weighted Occupancy
Average Rent/Unit
Average Rent/Sq. ft.
11
1,639
149
96.0%
$1,325.00
$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.
PG. 19
105296_changeA.indd 22
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
LIV E
DOWNTOWN POPULATION
Demographic 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
Race
White52%
Black
43% Hispanic
3%
Asian
2%
Education
High School
Bachelor’s Degree
Master’s Degree
24%
20%
13%
Marital Status
Single men
Single women
Married men and women
47%
28%
25%
Household size
One person
Two persons
Three or more persons
60%
26%
14%
Transportation to Work
Drove alone
56%
Walked18%
Public transportation
12%
Job Type
White collar
Service & Farm
Blue Collar
75%
16%
9%
38
Average Age
Zip Code 45202
Average Household Income
$59,851
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.
STATE OF DOWNTOWN REPORT
105296_changeA.indd 23
PG. 20
3/26/15 11:43 AM
PLAY
The 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
PL AY
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
”
Don Cheadle in “Miles Ahead”
Brian Douglas
“
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...
“Miles Ahead” Movie Crew
Brian Douglas
—Elizabeth Karlsen, Producer, “Carol”
”
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”
STATE OF DOWNTOWN REPORT
105296_changeA.indd 25
PG.22
3/26/15 11:43 AM
PL AY
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 VISITED
1 million to 5 million
Horseshoe Casino
Cincinnati Reds
Cincinnati Museum Center
3,480,000
2,476,664
1,246,000
1,190,258
Main Library/Public Library of Cincinnati & Hamilton County
1,090,000
Findlay Market
1,000,000
Washington Park
HIGHLY ATTENDED
100,000 TO 999,999
Riverfront Daily Park Users
Cincinnati Bengals
Oktoberfest Zinzinnati
US Bank Arena
“
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
”
Taste of Cincinnati
Riverfront Events/Cincinnati Park Board
800,000
722,065
650,000
572,421
550,000
395,530
267,370
Broadway in Cincinnati
253,813
CSO/Cincinnati POPS/Lumenocity
Riverfest
250,000
200,000
PNC Summer Music Series
183,500
Cincinnati Arts Association
176,530
Cincinnati Art Museum
171,618
Krohn Conservatory
166,875
Cincinnati Playhouse in the Park
156,026
Taft Theatre
Source: Attendance reported by venues and event organizers
PG. 23 STATE OF DOWNTOWN REPORT
105296_changeA.indd 26
3/26/15 11:43 AM
PL AY
MIDSIZE
20,000 TO 99,999
National Underground Railroad Freedom Center
82,411
Children’s Theatre of Cincinnati
82,401
Bunbury Music Festival
“
Bunbury raises the city’s profile
by recruiting a mixture of beloved
headliners and exciting up-andcomers…the festival has become
a regional favorite in only a few
short years.
—“10 Summer Music Festivals Worth Knowing,” Forbes
”
­
LOCAL FAVORITES
1,000 TO 19,999
Cincinnati Ballet
65,000
59,391
Taft Museum of Art
52,222
51,251
Cincinnati Shakespeare Company
U.S. Bank Ice Rink
50,000
48,107
Contemporary Arts Center
Buckle Up Music Festival
45,000
Ensemble Theatre Cincinnati
31,201
Memorial Hall
30,000
Cincinnati Opera
28,488
MidPoint Music Festival
27,000
Bockfest
25,000
Macy’s Light Up the Square
25,000
Cincinnati Brew Ha-Ha
20,000
Black Family Reunion
19,000
Macy’s Downtown Dazzle
15,000
Huntington Bank New Year’s Blast
15,000
11,500
Cincy Cinco
11,000
Second Sundays on Main
10,172
Cincinnati May Festival
9,583
School for Creative & Performing Arts
8,777
Cincinnati Fringe Festival
7,501
Know Theatre of Cincinnati
7,269
Fire Museum of Greater Cincinnati
6,000
Go OTR 5K Summer Celebration
5,000
Bluesfest
3,900
Macy’s Art Sampler (hosted by Artswave)
3,757
Mercantile Library
2,116
The Betts House
1,236
Lloyd Library
STATE OF DOWNTOWN REPORT
105296_changeA.indd 27
PG. 24
3/26/15 11:43 AM
PL AY
HOTELS
The 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.
DOWNTOWN HOTELS
Westin Hotel Cincinnati
The Symphony Hotel
The Cincinnatian Hotel
Hilton Cincinnati
Netherland Plaza
456
6
Renaissance Cincinnati
Downtown Hotel
323
The Residence Inn
Cincinnati Downtown
132
146
3,295
Rooms
561
Hyatt Regency Cincinnati
491
156
Garfield Suites Hotel
152
21c Museum Hotel
872
Millenium Hotel Cincinnati
“
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.
PG. 25 STATE OF DOWNTOWN REPORT
105296_changeA.indd 28
3/26/15 11:43 AM
PL AY
HOTEL OCCUPANCY
100%
National
80%
Cincinnati USA
(OH-KY-IN)
64%
Downtown
60%
59%
59%
60%
Gr. Cincinnati
40%
20%
0%
2010
I
I
2014
I
HOTEL ROOM RATES
$160
$144
Downtown
$140
National
Gr. Cincinnati
$115
Cincinnati USA
(OH-KY-IN)
$100
$120
$100
$93
$80
2010
I
I
2014
I
HOTEL REVPAR*
$100
Downtown
$84
National
$74
$80
Gr. Cincinnati
$60
Cincinnati USA
(OH-KY-IN)
$59
$56
2010
I
I
I
$40
2014
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.
STATE OF DOWNTOWN REPORT
105296_changeA.indd 29
PG. 26
3/26/15 11:43 AM
PL AY
NEW RETAIL
Close 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.
43
38
4
28
41
45
1
42
31
22
26
3
16
12
36
18
15
35
17
10
9
11
23
32
27
39
13
8
2
30
5
46
20
LEGEND:
34
21
14
Dining
19
Shopping
Services
47
37
7
29
6
44
25
33
40
24
Note: For a complete list of downtown retail establishments, visit downtowncincinnati.com.
PG. 27
105296_changeA.indd 30
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
PL AY
2014 NEW DOWNTOWN CINCINNATI ESTABLISHMENTS
DINING
“
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
”
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
STATE OF DOWNTOWN REPORT
105296_changeA.indd 31
PG. 28
3/26/15 11:43 AM
PL AY
RETAIL COMPOSITION AND OCCUPANCY
DOWNTOWN RETAIL OCCUPANCY*
3,500,000
95.5%
2,785,723
3,000,000
Square Feet
There 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.
2,500,000
2,000,000
1,500,000
1,000,000
500,000
Base Square Feet
Occupied Square Feet
0
2010
I
I
I
2014*
DOWNTOWN RETAIL COMPOSITION
587
Merchants
Dining
Shopping
Services
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.
PG. 29
105296_changeA.indd 32
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
PL AY
Breweries/Brewpubs
Sports/Neighborhood Bars
Cocktail/Wine Bars
Private Dining Facilities
Music Dance Clubs
281
Restaurants/
Bars
Coffee/Bakeries/Ice Cream
Full Fare Restaurants
Lunch/Fast Casual Restaurants
Antiques/Auction Houses
Pharmacies/Newsstands
Apparel/Shoes/Accessories
Jewlery/Furs
Beer/Wine/Liquor
Home Furnishings/Art
185
Shops
Department Stores/Malls
Galleries
Gifts/Books/Novelty
Grocery/Convenience Markets
Tickets/Travel
Pets
Wireless Electronics
Libraries
Auto/Bike/Home Repair
Funeral
Florists/Wedding
Fitness/Health
Eyewear
121
Services
Beauty
Car/Bike Rentals
City Tours
Cleaners/Tailors/Shoe Repair
STATE OF DOWNTOWN REPORT
105296_changeA.indd 33
PG.30
3/26/15 11:43 AM
PL AY
CONVENTIONS
The 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
0
197
250,000
250
200,000
184,846
200
150,000
100,000
50,000
Meetings
100
50
0
0
2010
Room Nights
150
I
I
I
2014
ECONOMIC IMPACT
$70M
$55M
$60M
$50M
$40M
$30M
$20M
conomic Impact of CVB
E
room nights
$0M
2010
I
I
I
2014
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.
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).
PG. 31
105296_changeA.indd 34
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
PL AY
DOWNTOWN CINCINNATI
CONVENTION
HIGHLIGHTS
KEY DOWNTOWN
CINCINNATI CONVENTIONS
BOOKED
GROUP
ROOM NIGHTS
ECONOMIC IMPACT
(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
GROUP
ROOMEVENT
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
4,6352018
National Urban League Conference
Courtesy of the Cincinnati USA Convention and Visitors Bureau
STATE OF DOWNTOWN REPORT
105296_changeA.indd 35
PG. 32
3/26/15 11:43 AM
PL AY
WALKS AND RUNS
Fundraising 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
PG. 33
105296_changeA.indd 36
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
PL AY
The Flying Pig Marathon
Michael E. Anderson, Courtesy of Game Day Communications
Freestore Foodbank 5K
The Hudy 14K March for Babies Scott Beseler, Courtesy of the Freestore Foodbank
Travis Estell
Courtesy of The March of Dimes
Buddy Walk Courtesy of the Down Syndrome Association of Greater Cincinnati
STATE OF DOWNTOWN REPORT
105296_changeA.indd 37
PG. 34
3/26/15 11:43 AM
ACCESS AND TRANSIT
Means 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
ACCES S A ND TR A NSIT
MONTHLY PARKING
The 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
$160
38,410
40,000
35,000
30,000
$140
$120
$100
25,000
$91
20,000
$80
15,000
$60
10,000
$40
5,000
$20
Reserved Monthly Spaces
Available Monthly Spaces
Average Available Monthly Price
0
$0
2010
I
I
I
2014
Mabley Place Garage Thadd Fiala
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.
STATE OF DOWNTOWN REPORT
105296_changeA.indd 39
PG. 36
3/26/15 11:43 AM
ACCES S A ND T R A NSIT
PUBLIC TRANSIT
Cincy 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.
LEGEND:
Future Cincinnati
Streetcar route
Metro,
Government Square
Red Bike stations
Southbank Shuttle
Tank, The Bus Stop
ZipCar locations
Government
Square
Tank, The
Southbank Bus Stop
Shuttle
Note: For more information on public transportation and links to schedules and rates, visit downtowncincinnati.com.
PG. 37
105296_changeA.indd 40
STATE OF DOWNTOWN REPORT
3/26/15 11:43 AM
ACCES S A ND TR A NSIT
Streetcar Founders Passes Travis Estell
Fifth and Walnut Intersection Sixth Street Taxi Stand Southbank Shuttle Travis Estell
Randy Simes
Courtesy of Downtown Cincinnati Inc.
Urban Basin Bicycle Club 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com
STATE OF DOWNTOWN REPORT
105296_changeA.indd 41
PG. 38
3/26/15 11:43 AM
DOWNTOWN CINCINNATI INC.
ANNUAL REPORT
105296_changeA.indd 42
3/26/15 11:43 AM
D CI 2014 A N NUA L REP OR T
2014 HIGHLIGHTS AND ACCOMPLISHMENTS
• T
he 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.
TABLE OF CONTENTS
Marketing and
Communications41
Safe and Clean
42
• D
CI 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.
Stakeholder Services
43
Independent Auditors’
Report
44
Financial Statements
45
• A
rtVenture, an online database of public art and
themed itineraries that feature many downtown
businesses, received an International Downtown
Association Achievement Award.
DCI Board of Directors
53
DCI Members
56
DCI Staff
59
• T
he 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.
• T
he 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.
• D
owntown 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).
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
105296_changeA.indd 43
PG. 40
3/26/15 11:43 AM
D CI 2014 A N NUA L REP ORT
MARKETING AND COMMUNICATIONS
Advancing the image, awareness, and usage of downtown Cincinnati as a vibrant hub of
activity for people to live, work, dine, shop, and play.
Courtesy of Resource Ammirati
Jenna Kendle
Communications
Holidays
Retail Promotion
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.
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.
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.
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.
PG. 41
105296_changeA.indd 44
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.
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.
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
3/26/15 11:43 AM
D CI 2014 A N NUA L REP OR T
SAFE AND CLEAN
Enhancing the safe, clean, and welcoming environment of downtown Cincinnati.
Alex Koppelman
Courtesy of Downtown Cincinnati Inc.
Courtesy of Downtown Cincinnati Inc.
Ambassadors
Clean and Welcoming
Community Engagement
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%.
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 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.
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.
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.
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.
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
105296_changeA.indd 45
PG. 42
3/26/15 11:43 AM
D CI 2014 A N NUA L REP ORT
STAKEHOLDER SERVICES
Supporting and advocating for business and residential growth in downtown Cincinnati.
Courtesy of the Downtown Residents Council
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.
PG. 43
105296_changeA.indd 46
Courtesy of Downtown Cincinnati Inc.
New and Expanding
Businesses
Downtown 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.
Courtesy of LaVERDAD Marketing
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.
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
105296_changeA.indd 47
PG. 44
3/26/15 11:43 AM
D CI 2014 A N NUA L REP ORT
STATEMENTS OF FINANCIAL POSITION
December 31, 2014 and 2013
Assets
Cash and cash equivalents Certificates of deposit Contracts and accounts receivable Unbilled receivables Prepaid expenses Property and equipment, net Total assets 20142013
$ 486,129 249,950 400,152 198,802 6,490
48,036
$ 600,634
249,692
176,845
270,829
7,149
11,566
$ 1,389,559 $ 1,316,715
$ 412,598 83,326 $ 424,845
82,101
495,924 506,946
893,635 809,769
Liabilities and Net Assets
Liabilities
Accounts payable and accrued expenses Advanced memberships Total liabilities Unrestricted Net Assets
Total liabilities and net assets
PG. 45
105296_changeA.indd 48
$ 1,389,559
$ 1,316,715
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
3/26/15 11:43 AM
D CI 2014 A N NUA L REP OR T
STATEMENTS OF ACTIVITIES
Years Ended December 31, 2014 and 2013
2014 Unrestricted revenues and support
DCID contract: Special Improvement District
Service agreements
Memberships
Holiday, directory sponsorships and special events
In-kind donations
Other Income
Interest income
Net assets released from restriction
Total unrestricted revenues and support
$ 2,275,500
308,285 140,025 104,392 27,537 12,300
1,406 —
2013
$ 2,265,911
488,904
131,210
120,020
18,121
2,500
986
50,000
2,869,445 3,077,652
Expenses
Operating In-kind 2,758,042
27,537 2,934,240
18,121
2,785,579 2,952,361
83,866 125,291
Temporarily restricted net assets released from restriction
—
(50,000)
Change in temporarily restricted net assets
—
(50,000)
83,866 75,291
809,769 734,478
$ 893,635 $ 809,769
Total expenses
Change in unrestricted net assets
Change in net assets
Net assets, beginning of year
Net assets, end of year
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
105296_changeA.indd 49
PG. 46
3/26/15 11:43 AM
D CI 2014 A N NUA L REP ORT
STATEMENTS OF CASH FLOWS
Years Ended December 31, 2014 and 2013
2014 Cash flows from operating activities
Change in net assets
Adjustment to reconcile change in net assets to
net cash provided by operating activities:
Depreciation
Changes in:
Contracts and accounts receivable
Unbilled receivables
Prepaid expenses
Accounts payable and accrued expenses
Advanced memberships
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of certificates of deposit Certificate of deposit maturities Purchase of property and equipment
Net cash used in investing activities
Net change in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
2013
$ 83,866
$ 75,291
8,882 4,424
(223,307)
72,027 659
(12,247)
1,225 28,222
(6,937)
(1,369)
141,218
4,475
(68,895)
245,324
(301,012)
300,754
(45,352)
(249,692)
55,000
(9,213)
(45,610) (203,905)
(114,505)
41,419
600,634
559,215
$ 486,129
$ 600,634
PG. 47 DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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D CI 2014 A N NUA L REP OR T
NOTES TO FINANCIAL STATEMENTS
NOTE 1
SUMMARY OF
SIGNIFICANT
ACCOUNTING
POLICIES
NATURE OF OPERATIONS
Downtown 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 minorityowned 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 PRESENTATION
The 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 EQUIVALENTS
The 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 DEPOSIT
Certificates 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 RECEIVABLE
Contracts 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 RECEIVABLES
Under the Special Improvement District (SID) contract through Downtown Cincinnati Improvement 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.
DOWNTOWN CINCINNATI INC. ANNUAL REPORT PG. 48
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D CI 2014 A N NUA L REP ORT
NOTES TO FINANCIAL STATEMENTS (continued)
NOTE 1
SUMMARY OF
SIGNIFICANT
ACCOUNTING
POLICIES
(Continued)
PROPERTY AND EQUIPMENT
Property 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.
CONTRIBUTIONS
The 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 DONATIONS
The 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 MEMBERSHIPS
Memberships received in advance are deferred and recognized in the period to which the
memberships relate.
INCOME TAXES
The 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 EXPENSES
The 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.
PG. 49
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D CI 2014 A N NUA L REP OR T
NOTES TO FINANCIAL STATEMENTS (continued)
NOTE 1
SUMMARY OF
SIGNIFICANT
ACCOUNTING
POLICIES
(Continued)
USE OF ESTIMATES
The 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 EVALUATION
In 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.
NOTE 2
PROPERTY AND
EQUIPMENT
Property and equipment consisted
of the following:
Computer equipment 2014 2013
$ 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.
NOTE 3
CONCENTRATION /
SPECIAL IMPROVEMENT
DISTRICT
NOTE 4
OTHER SERVICE
CONTRACTS
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.
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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D CI 2014 A N NUA L REP ORT
NOTES TO FINANCIAL STATEMENTS (continued)
NOTE 5
LEASE
COMMITMENTS
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:
NOTE 6
401(K) PLAN
NOTE 7
FUNCTIONAL
ALLOCATION OF
EXPENSES
2015 $ 67,482
2016 67,482
2017 66,584
$ 201,548
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 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.
Program services
2014 $ 2,463,563
2013
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%
PG. 51 DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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D CI 2014 A N NUA L REP OR T
Contemporary Arts Center’s Metrobot Nick and Drew Lachey at Oktoberfest
Reds Fans Travis Estell
Courtesy of the Cincinnati Reds
Pi Pizzeria
Courtesy of the Cincinnati USA Regional Chamber
Taste of Cincinnati
Renaissance Cincinnati Downtown Hotel
Courtesy of the Cincinnati USA Regional Chamber
5chw4r7z, Courtesy of 5chw4r7z.blogspot.com
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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Thadd Fiala
PG. 52
3/26/15 11:43 AM
D CI 2014 A N NUA L REP ORT
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
Jim T. Neyer
Executive Vice President,
Real Estate Development,
Al Neyer LLC
Kevin Shibley
General Manager,
Saks Fifth Avenue
David N. Ginsburg
President and
Chief Executive Officer,
Downtown Cincinnati Inc.
Scott Stiles
(through September 1, 2014)
Interim City Manager,
City of Cincinnati
Wijdan Jreisat
Attorney at Law,
Katz, Teller, Brant and Hild
Directors
Arlene R. Koth
Vice President,
Administration and
Human Resources,
TriVersity Construction
Company
Tim Abbott
(beginning May 1, 2014)
Government and
Community Relations
Manager,
Duke Energy
Christopher Monzel
President,
Hamilton County Board
of Commissioners
Eric P. Avner
Vice President and Senior
Program Manager,
Community Development,
The Carol Ann and Ralph V.
Haile, Jr./U.S. Bank Foundation
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)
Chief Jeffrey Blackwell
(beginning February 1, 2014)
Chief of Police,
Cincinnati Police Department
PG. 53 DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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D CI 2014 A N NUA L REP OR T
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
Kimber L. Fender
The Eva Jane Romaine
Coombe Director,
The Public Library of Cincinnati
and Hamilton County
Dr. LaVaughn M. Henry, Ph.D.
Vice President and Senior
Regional Officer,
Federal Reserve Bank of
Cleveland - Cincinnati Branch
Mary Sue Findley
Vice President of Human
Resources,
dunnhumbyUSA
Sallie L. Hilvers
(beginning July 1, 2014)
Executive Director
Strategic Communications,
Metro
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.
Cristina Chuecos
Consultant,
Diversity and Global
Competency,
Wisdom Nuggets, LLC
Barbara Hauser
Manager,
Ohio Community Relations,
The Procter and Gamble
Company
Deborah Dent
President and Founder,
Venue 222
Dr. Julia A. Heath
Executive Director of the
Economics Center and
Professor, Alpaugh Family
Chair of Economics,
University of Cincinnati
Daniel J. Eifert
Vice President,
Property Management
Hines
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
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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D CI 2014 A N NUA L REP ORT
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
PG. 55
105296_changeA.indd 58
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
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
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
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
3/26/15 11:43 AM
D CI 2014 A N NUA L REP OR T
DOWNTOWN CINCINNATI INC. MEMBERS
Corporate
5th Street Gallery
Christ Church Cathedral
Cooney Faulkner & Stevens, LLC
Acme Lock Inc.
Cincilingua Inc. International
Language Center
Covenant First Presbyterian Church
Cincinnati Art Galleries, LLC.
CRAVE Cincinnati
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
CR Architecture + Design
Cincinnati Arts Association
Cincinnati Bar Association
Cushman & Wakefield|Cincinnati
Commercial, REALTORS
Cincinnati Bengals
Defining Moments Consulting
Cincinnati Book Publishing
Deloitte LLP
Cincinnati Business Committee
Development Strategies Group, LLC
Cincinnati Business Courier
Dinsmore & Shohl LLP
Cincinnati Center City Development
Corporation (3CDC)
DTZ
Cincinnati Development Fund, Inc.
Duke Energy Center/Global Spectrum
Cincinnati Hills Christian Academy
Duke Energy
dunnhumbyUSA
Cincinnati Masonic Center
Elliott Management Group
Cincinnati Museum Center
Empower MediaMarketing
Cincinnati Reds
Enquirer Media
Cincinnati Saints Soccer Club
Ensemble Theatre of Cincinnati
Cincinnati Stage Employees
Local No. 5
Ernst & Young LLP
Fabulous Frames and Art
BKD, LLP
Cincinnati State Technical and
Community College
Block by Block, Louisville
Cincinnati Symphony Orchestra
Fifth Third Bank
Bonnie K. White & Associates, Inc.
Cincinnati USA Convention and
Visitors Bureau
Findlay Market
Cincinnati USA Regional Chamber
Foundation Bank
Cincinnati USA Regional
Tourism Network
Foxx Construction, LLC
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
Federal Home Loan Bank of Cincinnati
Forza Marketing
FRCH Design Worldwide
Cincy Magazine
FreeStore FoodBank, Inc.
Cintas Corporation
Frisch’s Restaurants, Inc.
City Dermatology and Laser
Frost Brown Todd, LLC
Clark, Schaefer, Hackett & Co.
Colliers International Greater Cincinnati
Contract Sweepers
Fund Evaluation Group, LLC
Game Day Communications
Garfield Suites Hotel
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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D CI 2014 A N NUA L REP ORT
DCI Members (continued)
GBBN Architects
KMK Consulting Company, LLC
General Electric Aviation
Kolar Design, Inc.
Glaserworks
Lala’s Blissful Bites
Global Cloud
LaVerdad Marketing & Media
Godbey & Associates
Legg Mason Investment Counsel
Goodson and Company, Ltd.
Lincoln Maly Marketing
Graeter’s Manufacturing Company
LKAB Minerals, Inc
Greater Cincinnati/Northern
Kentucky African American
Chamber of Commerce
Local 12 WKRC-TV
GreenSource Cincinnati
Hardman Investment Group
LPK Design
Lucy Blue Pizza Cafe
Macy’s, Inc.
Manley Burke
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
Mark Bowen Media
Robinson Sotheby’s
International Realty
MC Squared Limited, LLC
Rookwood Pottery Company
McKinney & Namei Co., LPA
Roosters Men’s Grooming Center
Mellott & Mellott, P.L.L.
Saks Fifth Avenue
Messer Construction Company
Sanger & Eby
Metro
Scott Knox Attorney At Law
Michael Schuster Associates, Inc.
Sibcy Cline, David Dawson
Hines
Mike & Carol Trotta
Hixson Architecture, Engineering,
Interiors
Model Group
Sibcy Cline Realtors,
Metropolitan Office
Moerlein Lager House
SMS Events
Horseshoe Casino
Morton’s Steakhouse
Sonic Arts Digital Audio Services, Inc.
Humler & Nolan
Nicholson’s Pub LLC
SP Plus Parking
Hunt Club Clothiers Ltd., Inc.
North American Properties
Standard Textile Company, Inc.
Huntington National Bank
NorthPointe Realty
Starboard Strategy
Infintech, LLC
OKI - Regional Council
of Governments
Statman Harris & Eyrich
Over-the-Rhine Chamber
of Commerce
Stout & Gallant
Hart Productions, Inc.
Hathaway Stamp and Identification
Heidelberg Distributing Company
HGC Construction
HHB Partners, Inc., Realtors
Hilliard Lyons
Hilton Cincinnati Netherland
Plaza Hotel
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
PG. 57
105296_changeA.indd 60
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
Stock Yards Bank & Trust
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
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
3/26/15 11:43 AM
D CI 2014 A N NUA L REP OR T
DCI Members (continued)
The Garage OTR
US Bank
Thomas Huenefeld
The Greater Cincinnati Foundation
US Digital Partners
Alison Kamine
The Gym at Carew Tower
Venue 222
Lisa Kaminski
The Hearth Room
Vestige Redevelopment Group
Steven Kenat
The Kroger Company
Via Vite
Thomas Kilcoyne
The Nature Conservancy
Walter E. Gay, Jr., D.D.S., Inc.
Kinsey King
The Phoenix Restaurant Group
Western & Southern Financial Group/
Eagle Realty Group
Susan Lennard
The Procter & Gamble Company
Whitmer & Company CPAS, LLP
John Mack
The Public Library of Cincinnati
and Hamilton County
Winegardner & Hammons, Inc.
Wisdom Nuggets LLC
The RCF Group
Wood, Herron & Evans, LLP
The Preview Group, Inc.
The Reserve at 4th and Race
The Soapbox Salon
Stephen MacConnell
Martha McGlinchey
Terry Miller
Daniel and LaWana Moroski
Mike and Katie Moroski
Michael Ohmer
Theatre Management Corporation
Individual and
Family Members
Thesing Real Estate Services, Inc.
Nancy Allen
Thomas D Heldman CPA &
Associates, Inc
Thomas Powers
Eric Anderson
Albert Pyle
Mary Armor
Bill Schmidt
Geoffrey Barnes
Kevin Schuitema
Mary A. Berry
Andy Scott
Tom Besanceney
Jalea Stowers-Grimes
Damian Bolton
Wayne Taleff
Paula Brehm-Heeger
Cindy Taylor
Tri-State Plan Administration Inc.
Kathleen and George
Brinkman
Conrad Thiede
TriVersity Construction Company
Kathleen DuPriest
Ulmer & Berne LLP
Greg Edwards
United Way of Greater Cincinnati
Andrew Gephardt
Universal Protection Services, LLC
Coralie Ginsburg
University Hospital
David and Pamela Ginsburg
University of Cincinnati
Marshall and Enid Ginsburg
UPS Store
Philip Gissen
Upside Down Holdings LLC
Mike and Carol Glotfelter
Uptown Consortium, Inc.
LaVaughn Henry
Urban Fast Forward
Kathryn Haines
Urban Sites Limited Liability Company
Craig Hudson
The University Club of Cincinnati
Thompson Hine LLP
THP Limited Inc.
Tiffany & Co.
Time Warner Cable
Tom and Chee LLC
Trattoria Roma
Mark Painter
Rick Pender
Jeffrey Waite
Cynthia Walker
Nathan Waller
James and Joan Wichman
David Yip
Christy Zerges
Michael Zipfel
DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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D CI 2014 A N NUA L REP ORT
STAFF
David 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
Downtown Ambassadors Courtesy of Downtown Cincinnati Inc.
Tricia Suit, Director of Marketing
David Thomas, Director of Ambassador Services
Downtown Cincinnati Inc. Staff David Ginsburg News Interview Gregg Smith
Courtesy of Downtown Cincinnati Inc.
PG. 59 DOWNTOWN CINCINNATI INC. ANNUAL REPORT
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THE MISSION OF DOWNTOWN CINCINNATI INC.
IS TO BUILD A DYNAMIC METROPOLITAN CENTER
VALUED AS THE HEART OF THE REGION.
35 East Seventh Street, Suite 202
Cincinnati, OH 45202
www.downtowncincinnati.com
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513.421.4440
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