Brutus_buckeye

There are a lot of investors coming to Cleveland from out of town because of the cheap housing stock. Some know what they are doing and will do a good job, others will realize quickly that they are in over their heads and sell out.

^ Not so much Ohio's law but in the decision from the SC about 15 years back, they said that any such eminent domain had to be used for a public purpose like roads, schools, etc and not for private developers. With Rookwood, Norwood was using the eminent domain to force owners to sell to a private developer to allow them to build a newer, expensive development which would maximize potential tax revenues to the city. The benefit to the city was increased tax revenue and nothing more. THis was deemed to be an illegal use of eminent domain because the primary benefit was a private developer. In this case, while a private developer will tangentially benefit here, the widening of the roads is a public works project that would qualify as a legitimate use of eminent domain.

How many daily departures does CVG now offer with these additions as well as Deltas?

Give it time, the wounds are fresh, it will die down.

Unless there was something in the contract that Precourt signed when he purchased the team, nothing would require him to sell to a local investor. It is a hail mary pass to try and frustrate and delay but if he is determined enough to get out of town with a team, he will ultimately prevail.

The thing is that even if a local group is found, there is nothing that can really compel PreCourt to sell the Crew to them. It may cost him more money and create some additional delays but bottom line is that he will ultimately have the right to move the team.

Many years ago I used to drive down Central past the Mohawk neighborhood and think how much character it has and how it could be like Northside or what OTR is becoming today if only there was something that could draw people to that side of the street. While not Mohawk, I think the stadium could do this to the West End area. Now it will not be a huge area that is affected (after all see what the Banks are today) but even if it brings progress and investment to 3-4 blocks it is a good starting point to develop out from there. Central Parkway will always be a wall and this helps to bridge that wall some.

That SKybridge is pretty insignificant now. With Tower Place and Macy's a tihing of the past now, there is minimal foot traffic in that bridge. Leaving it is not a huge deal

Given its orientation toward Central Parkway, it will essentially be inviting people to cross the street. I anticipate initial benefits in the lots adjacent to the stadium with some bars and such (not too many). The growth and benefit will be to the South where the new Stargell will be built because it is closer to the CBD. I think the other side of the stadium may see some new housing but not what people may be hoping for as the stadium will create a wall on that end of the neighborhood. It is still a good overall net benefit.

It may be a bookend, but it allows for additional development along the East side of Central and should also spur development South of the stadium too. even if only used 30 times a year, it will give another destination draw for the neighborhood.

^ It would be at Paul Brown, World Cup games draw 60-70k fans. It would need to be the larger venue. They would also install natural grass in Paul Brown if they got it per World Cup specs. If you go back to 1994, The Silverdome in Detroit hosted it and they put natural grass in the dome for the World Cup games.

Would love to see a significant retail portion on the first floor and 2nd floor, with hotel ballroom space on 2nd & 3rd floors. Add about 5-7 levels of parking above that. then a 10-15 stories in office, 15-20 stories in hotel and 5-10 stories of penthouse apartments to top it off. I know that wont happen, but would be a great use for the property.

There is a model, but I don't think W&S is in any hurry to build it. They will build it if they get another major tenant to move in. Then they can take up the lower floors in the building.

^ Great American does not own the Great American Tower, Western Southern owns it. Great American is the tenant. Hence my whole point on the overhead. If Western Southern wanted a tower, they would have moved into Great American instead of renting it out.

I am not saying never, but I am not holding my breath. THey are not going to develop A+ office space only to use for themselves as the sole tenant. They have a number of divisions that require such space at 303 Broadway already. They are not going to spend on unnecessary overhead. They will need to have a primary tenant and then take up additional space. Such real estate is too valuable not to monetize. Look at the other big buildings in town. If you look at the US Bank and 5/3 HQ buildings, the banks occupy the lower floors in the buildings because the upper floors rent out for higher rates. Same concept with a Western & Southern HQ

Just call her and set her items out on the curb. THis way she does not have to come into your place again. Or if you have another closet in the front of the place you can consolidate things in, place them there, therefore, when she comes over, she does not need to go beyond the front entry way and you do not need to let her past that part of your house.

^ most landlords are lazy, burnt out or simply don't have the time anymore. It is why the bad tenants flock to smaller properties like 2 & 4 families because the larger ones can have more on site management to keep the riff raff out. Outside of NNN properties, there really is no such thing as mailbox money anymore and with the retail shakeup who knows how safe NNN are. Used to be if you had Toys R US, Best Buy and Sears in a mall, you were pretty solid. Now, not so much.

^ Jake, no matter what you do, and how well you screen, you will get burned sometimes. The key is having flexibility to get them out when you need too. We once had a tenant who invited his friend and friend of a friend to move in with him without telling us. The friend of the friend was a bad dude with multiple warrants outstanding. When we found out of this we told him he had to leave and was not to come to the premises. It turned out he did not listen and caused a standoff with the cops over it. Sometimes, your tenants don't exercise good judgment, that is why you need to protect yourself from their stupidity.

That is why Cincinnati city council should not give any money to FF Cincinnati. Let him build the stadium with his own money. Who is to say FC Cincy owner Carl Lindner is not going to have that same relocation clause written into his contract if his team gets into MLS. Say if in 20 years Carl Lindner or his heir wants to move to greener pastures, FC Cincinnati will be in the same situation the Columbus Crew is now in. The money that FC is seeking is infrastructure money that is available to anyone bringing a viable development. It is not because it is a stadium but rather because it is projected to have a certain economic impact. Whether it is the stadium or if the company is say Cardinal Health, the money would be the same.

That is a natural progression of things. It would be nice is Western and Southern built themselves a new tower as their current HQ is a dump but they will not do that for themselves. What really changed besides the 580 building was the older buildings like 1st National Bank Building, Central Trust Tower, Carew Tower, Mercantile Library Building, and the soon to be Kimpton Hotel Building lost their tenants because it became affordable to move into old 1980s Class A space which is now becoming Class B (like 525 Vine and old URS Center). RiverCenter becoming vacant had nothing to do with Queen City Square. That was because Ohio Tax law changes made it much more cost effective for the business to be in Ohio than in Kentucky so you saw a mass migration across the river with Omnicare and Neilson

A background check company is not going to show if someone is on a do not rent list. It sounds like Uptown wont rent anything to her and maybe a few other larger landlords are familiar with her. You will need to call prior landlords to get this information. Background check only shows evictions and criminal activities and bill payment history, etc. If she is a complete sh*t show, and cant get a lease in her name, then prior landlords will share this information. Also, we always put in our leases that tenants cannot invite others to live with them without our prior approval and adding them to the lease. If a tenant wants the girlfriend to move in with them, even though it is their apartment, we have the right to say no. If the girlfriend stays over routinely more than a few days per month, we have the right to kick them out over that. Point being, you want to know who is staying on your property at all times because sometimes the wolf can sneak in the back door by moving in with a significant other. I cant tell you how many times the girlfriend gets an apartment and then quietly tries to move in their boyfriend who is a drug dealer, sex offender or other undesirable tenant, you have the ability to get them out quickly.

^ Not so much Columbus, but there has been activity in Cleveland. Also Columbus had Minerva Park development in the late 90s which counts.

The big difference with Cincinnati as opposed to peer cities is that in around 1991 pretty much all downtown construction sans stadiums stopped until around 2005. There was really nothing of significance developed downtown during that period. Fountain Place was a disappointment at best, it needed to be more. The Delta reservation center was ugly and nothing special. I cant think of anything else downtown that was really developed for a 10-15 year period until 303 Broadway and QCS. Cleveland had more downtown development during that time and even Columbus did too.

Both of those should count too. I think anything from 81-93 really counts as far as when Skylines developed. Look at Minneapolis, Chicago, Pittsburgh, etc. They all developed at that time. Philly is another great example although they did not allow building taller than William Penn prior to the late 80s.

In Columbus there was the Huntington Building, 5/3 Building, US Bank Building, Franklin Cty Courthouse, William Greene Building, A couple on the Nationwide Campus, there was the Vern Riffe Center, and I am trying to think of what else there was.