Over-the-Rhine's transformation far from over
Quote:
OVER-THE-RHINE - The contractors have it down pat: Expose aging brick walls and tin ceilings. Finish hardwood floors. Repaint colorful trim and gargoyles. Pour new concrete sidewalks, and brighten up facades with freshly planted window boxes. And then: Bring in hundreds of new residents, from young professionals to first-time homebuyers to empty-nest baby boomers.
In just six years, developers have moved Over-the-Rhine from one of America’s poorest, most run-down neighborhoods to among its most promising.
“It’s the best development in the country right now,” says Tom Murphy, a senior resident fellow at the Urban Land Institute in Washington, D.C., and a former mayor of Pittsburgh. “You have governments paralyzed and doom and gloom going on around the country, yet there’s this remarkable model in Cincinnati.”
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Source:
http://news.cincinnati.com/article/2...er?odyssey=mod
Key Points: 3CDC will start work on 247 new townhomes and apartments within the next 60 days. By next summer, 3CDC ALONE will have rehabbed over 100 historic buildings in Over-the-Rhine. 3CDC still owns another 100 buildings in the neighborhood, which will be developed in future phases.