It's supposed to be difficult to demo a building in the city of Cincinnati b/c of preservation and historical designations in certain areas. I'm not sure if money is exchanging hands back-door or not, but from what I've seen the last ten years, MANY of the demos appeared to have value and weren't by any means the principal eyesore of the block. Yet many of those crumbling walkups stand and the less challenging reclamation projects are lost to memory.
I'll be glad when Cincinnati is starting to hit its stride in 2017 or so, causing these demos to come to a dry trickle citywide. Then again, it's a probability that the Westside and Avondale will still be going through this.
It seems like the city's solution to blight is to demo a building, and after wards often causes more of an eyesore, as it becomes overgrown, weedy mess. The city needs to focus on restoring historical buildings, and allowing new buildings that fit in with the character of the neighborhood, not turn everything into stuff for Yuppies. Let's face it, the area where they're building this will never be a Yuppie area, it'll always be a college student area. They need to put in affordable housing, and put in some more variety for foods, even if it means fast food. That area needs a late night dinning option besides Papa Dino's, a Steak n Shake in this new building would do extremely well, both providing the need for late night food, as well as affordable dinning option.