Brutus_buckeye

I am sorry buy you are flat out Wrong on this - The way the legislation is written, you have are essentially giving a monopoly to 1 company who can provide this insurance. On the surface, the product is good, but to mandate it, is a huge mistake to low income renters. This product only makes sense for shorter term renters who are upwardly mobile. Otherwise, you will be financing the gains of class A tenants on the backs of the working class. What happens is that the tenant will have a choice of paying a Sec Dep or tenant insurance. The tenant insurance is say $5-$15 per month. It will be higher depending on credit scoring and total amount insured. Lets assume it is $10/month on average. You will have to pay $120 per year to insure the security deposit. Now assume the security deposit is say $600-$700 for the unit. If you live there 1-2 years, it may be a good deal to pay the $240 and keep the rest of the cash. However, note if you move out, you do not get any of this back as it is a fee. If you are working class and often live in the same apartment for 5-10-20 years, you will end up paying much more than the security deposit. If you live in the unit 10 years, you will pay $1020 toward security deposit insurance and if you leave and the landlord claims against that amount, the landlord will get $the $600-$700 but then if there is additional damage, they will have to pursue you individually for the difference. The $400 additional you have paid in could have gone to satisfy the additional damages, but you have now paid that in fees to an insurance company that is only giving you a payout benefit of $600. Not a good deal. However, in year 1 when you are confronted with the choice of a $600 payment up front held in escrow or $10/month, the $10 month option seems tempting and appealing if you are a working class individual. The other challenge that this legislation will do, is that it will force landlords to stop offering month to month renewal options and you will essentially need to renew your lease annually. If an opportunity comes up to move, you will almost always look at a situation where you would break your lease and owe damages. This is because the company offering the insurance requires a year lease for administrative purposes and the paperwork must be renewed annually. Not always a great deal. If you just break the lease and the landlord claims against the security deposit, the insurance company will then seek to collect from you for your breach and seek repayment. This is because this is not really an insurance product, like PG's bill says but rather it is more of a surety bond. This will hit your credit rating in a negative manner if you needed to break the lease early. I could go on and on about this, but I hope you can see the problems with this legislation. While the product itself is intriguing and offers a unique concept in the marketplace, a one sized fits all mandate in this case is just poor policy and will lead to significant problems.

It almost seems like it would have been easier to build on the empty lot and get the new HQ hotel up say a year or 2 sooner.

https://www.citybeat.com/news/blog/21102812/cincinnati-city-council-to-consider-legislation-requiring-landlords-to-offer-security-deposit-alternatives Chalk this up to other bad ideas from a city councilman who does not understand much about the average renter in Cincinnati. In an effort to "put money in renters pockets" he is creating a mandate opening up a predatory product to renters.

Like I said, the worst thing that could happen is they tear down the Millenium and it becomes a parking lot for the next 3-5 years. That would be worse than just keeping it "as is"

Who wants their front yard to be the back of a Kroger store.

Why not put something that will be a destination type place. Now that there is a grocery store downtown, the thing they are missing is a movie theatre. It can be an Esquire type theatre even, but that would be a nice addition to the urban core with the new residents and add to street life.

Wonder if the Mercy Health acquisition of the Irish hospital chain has led to more demand to get to Ireland from CVG

In the apartment sector as well as most other real estate sector there are 6-10 big institutional companies that sit there and trade properties amongst themselves. It does not mean that outsiders cant play in the business and cant buy, but ultimately, if 3-4 of these players choose to enter a market, they know there is an exit strategy when they look to sell, and will just pass the properties around to each other. Right now, these companies are playing in Nashville.

It is access to capital. If you notice most of those are apartment buildings. Nashville is an institutional money market. Columbus is not (neither is Cleveland or Cincinnati). all the major New York, California, and even international real estate financers are players in Nashville. They are not playing in Ohio. IT means that there is a lot more cheap money flowing to Nashville to gamble on more speculative projects because the theory is there will always be another institutional investor behind them to cash out to when the project is complete.

How many are in downtown cincy now? I thought there were 4 but I think they are down to 2 or 3 now with the Kroger building being completed. It looked like some of that area was in the Gulch? I would equate that area almost to Clifton or Covington when comparing it to downtown.

You have lot of capital chasing Nashville. It has an international reputation with the country music side of things so the city is well known around the world. You have a ton of institutional capital that comes in and throws money at project after project regardless of the success. The key is the capital. You can go to NYC and see a new tower being built because someone has the money to make it happen. Some of the new towers are huge successes, others fail miserably and are picked up a few years later for pennies on the dollar and the new owner makes a killing on them. At the end of the day, you have a gleaming tower whether successful or not and that is all people see.

Yes, the large projects. The ones that get derailed when you have too many parties with differing interests trying to negotiate together.

I would be a really bad thing. It would make it extremely difficult to get anything substantial built in the city, especially downtown. You have a wildcard with the school board who could take a militant position on things that are detrimental to the city. With the agreement, you have one voice to negotiate with in the room. WHen you enter multiple parties in the negotiation process, you just create chaos and make it extremely difficult to get to a decision. Even when things get done, they move a lot slower and at a snails pace. When you are developing and have money wrapped up on a project, you need to make sure you can get it to the finish line in a timely basis.

Present company excluded of course....

You could say the exact same thing about someone driving a Tesla

It makes sense to combine Cleveland and Akron. The east side suburbs run into each other. The one question I have is that Akron is already combined with Canton, so do they combine Cle-Akr-Can or is it still Akron-Canton and separately Cleveland-Akron, which can get confusing.

did not realize that. I clicked on another one of her YouTube videos and it showed her at WDTN. I ended up seeing another video about how she had a big move to a new city when she got the job at channel 12. I never watch 12 so that is why I have never heard of her.

She drives to Dayton every day from Oakley? Does not really get her much credibility in her local market if she does not live in it.

You need something with all wheel drive in Cleveland for the winters. The thing about the trucks and the SUV's is that since they sit higher off the ground, more people want them so they can see over traffic or are not blocked by traffic especially when turning left at stop lights. If more people are sitting high off the ground in a truck or SUV, it tends to increase the demand more.

A guy I used to work with had a 20 year old Ram, loved to work on the engine in his spare time, it was his baby. Body was falling apart but the thing ran like a beauty. He had all the aftermarket parts and loved to roll coal on the highway. Not my cup of tea but to each their own I guess.

Steelers are and have been a dirty team for a long time now. Unfortunately, the person who throws the initial punch is not the one punished, it is the person who retaliates. They play a dirty brand of football. It is why AFC North teams are always getting into issues with them. Look at them and Cincinnati from a few years back. It is because the Bengals players started punching back to their cheap shots years ago. Same with the Ravens players. What is not being talked about is that it seems that whenever these types of incidents and fights in the NFL arise, it always seems to involve the dirty Steelers. Not to defend Garrett, who certainly deserves a suspension, but up until last night, how many incidents over the last 5 years like this involved Cleveland players?? I would almost say maybe 1 at best. now how many times do you hear Steelers players involved in something with another team. For the last 4 years it was Pittsburgh and Cincinnati getting really chippy. Pittsburgh and Baltimore had that too. Now it is Pittsburgh and the Browns. All I am saying is that there is an overarching theme here and it always centers around the Steelers. And no, it is not because they have been good for so long, it is because they are a dirty team.

I completely agree that what Garrett did was wrong and he needs a long suspension. However, you cannot suspend him without suspending some of the Dirty Steelers involved too. They are a dirty team, have been since Cowher ran the show there. Tomlin is no different. Garrett does not react like that (no player does) when the game is over and it is a pretty meaningless play unless someone on the Steelers did something dirty to him or were essentially doing something the whole game. The Steelers play a dirty brand of football and it seems like these types of incidents happen more frequently when the Steelers are playing someone vs when the Browns, Bengals, Ravens, Etc. play any other team. There is something rotten in Sh*ttsburgh too

So which project will be finished first, the 4th and Walnut hotel or the Kimpton?

The one thing I noticed driving around Cleveland the last couple months is that it seems like there are quite a few homes for sale (in the nicer neighborhoods) compared to what I have seen in Columbus and Cincinnati. I was in Avon Lake and Bay Village recently and Chagrin a few weeks back and considering it was the slow time, there was quite a bit of inventory on the market which I found a bit odd for this time of year. I have not seen that as much down in Cincinnati or in some of the Columbus neighborhoods, at least to the extent it stood out in Cleveland.

1) That is still fine. You operate at one tower. You still collect taxes on those rooms to continue to contribute to the overall downtown room pot. Maybe those rooms go somewhere else in the city maybe they don't. 2) It is easier to keep an operating property up as opposed to a vacant one. I know it is subject to demolition, but do we want another white elephant like the Terrace Plaza to deal with. Not a problem if they tear it down in early 2020, but again, without a plan, why have an empty lot for a few years at such a prominent corner.