December 10, 20159 yr "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
December 15, 20159 yr Dunnhumby to Leave Downtown Dunnhumby intends to move its local office and about 70 employees from downtown Cincinnati to Norwood... Dunnhumby, which is headquartered in London, also has North America offices in Boston, New York, Sacramento, Montreal and Toronto. Dunnhumby is best known for helping companies learn more about shopper habits in an effort to boost customer loyalty. In April, Kroger Co. acquired part of Dunnhumby and changed its name to 84.51. It is now a subsidiary of Kroger Co. The part of the company that Kroger didn’t buy, which included employees who specialized in figuring out consumer preferences for companies such as Cincinnati-based Macy’s Inc., continues to operate as Dunnhumby. This is the most confusing company I have ever seen. Idk what's going on anymore.
December 15, 20159 yr What is left of Dunnhumby in Cincinnati is much smaller than 84.51 (which was acquired by Kroger and has the new HQ on Race). Article said only about 70 employees work for Dunnhumby in Cincinnati today. And i would think several hundred work for 84.51 in their new building.
December 15, 20159 yr Yes, "dunnhumbyUSA" (now known as 84.51 and owned by Kroger) is not leaving downtown. The other "dunnhumby" part is leaving downtown (they were located in the building between the Brent Spence Bridge ramps). Both companies were located in that building under the ramps until dunnhumbyUSA built their new HQ.
May 5, 20169 yr EXCLUSIVE: TriHealth searching for new headquarters May 5, 2016, 1:29pm EDT Updated May 5, 2016, 3:32pm EDT Barrett J. Brunsman and Tom Demeropolis Cincinnati Business Courier The giant health system, which operates six hospitals in Greater Cincinnati, now has 918 employees at its administrative office in the Bethesda Oak building in Avondale, including its top leadership team and some patient support services. The building, located at 619 Oak St., was formerly Bethesda Oak Hospital, which operated from 1898 until 2000. http://www.bizjournals.com/cincinnati/news/2016/05/05/exclusive-trihealth-searching-for-new-headquarters.html
May 5, 20169 yr ^Interesting. Would be great if TriHealth could build a new HQ in the Uptown area, preferably near the MLK/Reading intersection.
May 11, 20169 yr Kudos to Chris Wetterich for asking the questions he does, this time regarding City Hall's dependency on the earnings tax to pay for stuff. http://www.bizjournals.com/cincinnati/blog/2016/05/does-cincinnati-depend-too-much-on-its-income-tax.html I'd like to see the city settle on a slightly higher property tax amount and then stick with it year after year. Possibly to be reviewed every 5 years or something. A tax on parking lots / garages would also be a game-changer.
May 11, 20169 yr Does the city have the authority to adjust the property tax rates for land value and improvements separately? It would be great if the city could start upping the tax rate on land value and decreasing the rate on improvements (buildings). That would start to put more pressure on surface lot owners to build something more substantial rather than just sitting on those lots for decades.
May 11, 20169 yr If the earnings tax were administered by Ohio's dept of taxation, as is the case in cities like New York, then there could be a graduated city earnings tax. For example, the .3% Metro tax could apply to all earnings from $0 up to $100k, but the 1.8% could be made to apply onto to earnings above $30k. I'm just throwing that out as an example.
May 11, 20169 yr Does the city have the authority to adjust the property tax rates for land value and improvements separately? It would be great if the city could start upping the tax rate on land value and decreasing the rate on improvements (buildings). That would start to put more pressure on surface lot owners to build something more substantial rather than just sitting on those lots for decades. That's starting to sound like a land value tax.
May 11, 20169 yr Does the city have the authority to adjust the property tax rates for land value and improvements separately? It would be great if the city could start upping the tax rate on land value and decreasing the rate on improvements (buildings). That would start to put more pressure on surface lot owners to build something more substantial rather than just sitting on those lots for decades. That's starting to sound like a land value tax. Well, yeah, but it doesn't need to tax only the land, it can tax the land and the improvement value at different rates. Currently the total improved (land + improvement) value is taxed at a single rate, say 2%. You can massage the numbers so that by taxing the land at a higher rate and the improvements at a lower rate you still end up with the same net tax income, but it incentivizes improving the land rather than letting it sit fallow either as vacant speculative property, parking lots, or empty space. Some zoning reforms would be necessary too in order to help things along.
May 11, 20169 yr Does the city have the authority to adjust the property tax rates for land value and improvements separately? It would be great if the city could start upping the tax rate on land value and decreasing the rate on improvements (buildings). That would start to put more pressure on surface lot owners to build something more substantial rather than just sitting on those lots for decades. That's starting to sound like a land value tax. Sure, but throwing out the current property tax and replacing it with a pure land value tax is hard sell and may not even be possible without changing state law. But what many municipalities are now doing is adjusting the rates in that direction to put pressure on owners of parking lots and other low-value uses of urban land.
May 31, 20169 yr Giant Noah's Ark to create 20,000 jobs: http://www.cincinnati.com/story/opinion/contributors/2016/05/31/ark-economic-driver-region/84950856/
June 1, 20169 yr ^ Plus, they invested half a million dollars into widening a highway and adding a parking lot!
June 1, 20169 yr 20,000 jobs? Seriously, are they building Bethlehem (the real one, not that fake one in Pennsylvania)? "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
June 4, 20169 yr Hopefully, soon there will be good news concerning this large Norwood building, a former Medpace HQ: http://bizjournals.com/cincinnati/news/2015/08/06/exclusive-former-cincinnati-bell-president-to-open.html. For a long time now, not only have there been white-collar people going in and out, but there's also been an increased amount of work related activities in prep for something more. Months ago I asked a professional looking man going in the building what he knew about the proposed data-center. He confirmed that there would be a major announcement in June. Today, on a June 4th Saturday, there were numerous work trucks parked out front - obviously, a good sign.
June 5, 20169 yr Giant Noah's Ark to create 20,000 jobs: http://www.cincinnati.com/story/opinion/contributors/2016/05/31/ark-economic-driver-region/84950856/ There's no way in hell they'll: a) Employ 20,000 people b) get anywhere near 1.4 million visitors annually c) ever create enough tax money to be worth the massive tax breaks they received and have continued to use despite breaking federal law when it comes to projects that utilize public money d) stay open more than a handful of years without either drastically downsizing or just closing altogether It's rare that I want a business to fail, even if it's something I don't agree with, but when it's this type of bulls**t I really cannot wait to see it fail. Spreading a fairytale utilizing public money while having exceptionally discriminatory hiring practices deserves nothing but failure.
June 5, 20169 yr Giant Noah's Ark to create 20,000 jobs: http://www.cincinnati.com/story/opinion/contributors/2016/05/31/ark-economic-driver-region/84950856/ There's no way in hell they'll: a) Employ 20,000 people b) get anywhere near 1.4 million visitors annually c) ever create enough tax money to be worth the massive tax breaks they received and have continued to use despite breaking federal law when it comes to projects that utilize public money d) stay open more than a handful of years without either drastically downsizing or just closing altogether It's rare that I want a business to fail, even if it's something I don't agree with, but when it's this type of bulls**t I really cannot wait to see it fail. Spreading a fairytale utilizing public money while having exceptionally discriminatory hiring practices deserves nothing but failure. The "Creation Museum" averages about 250,000 a year
June 5, 20169 yr Giant Noah's Ark to create 20,000 jobs: http://www.cincinnati.com/story/opinion/contributors/2016/05/31/ark-economic-driver-region/84950856/ There's no way in hell they'll: a) Employ 20,000 people b) get anywhere near 1.4 million visitors annually c) ever create enough tax money to be worth the massive tax breaks they received and have continued to use despite breaking federal law when it comes to projects that utilize public money d) stay open more than a handful of years without either drastically downsizing or just closing altogether It's rare that I want a business to fail, even if it's something I don't agree with, but when it's this type of bulls**t I really cannot wait to see it fail. Spreading a fairytale utilizing public money while having exceptionally discriminatory hiring practices deserves nothing but failure. Remember PTL/Heritage USA?
June 5, 20169 yr Anyone else think they should have built this on the Riverfront instead of way out in the boonies? The Ovation site, maybe? The Creation Museum already pulls in about 100,000 more people than the Freedom Center, and they don't even have an Ark yet! Plus, they could have designed it in a way that made the Ark an actual boat.
June 6, 20169 yr Remember PTL/Heritage USA? No, what was that? Anyone else think they should have built this on the Riverfront instead of way out in the boonies? The Ovation site, maybe? The Creation Museum already pulls in about 100,000 more people than the Freedom Center, and they don't even have an Ark yet! Plus, they could have designed it in a way that made the Ark an actual boat. That would require it to be visible from somewhere in Cincinnati and I would never want to inflict that upon a people I care about.
June 6, 20169 yr That's pretty funny ^ I wouldn't have any issue with this if it was all private development, but it isn't. I was reading a long article yesterday on this, can't find it now, about how it is a $62 million TIF District. Ken Ham uses select language to say (There is no taxpayer subsidies for the Ark). That is true, the Ark itself has no taxpayer subsidy. But the Ark Encounter land has a $62 million TIF, the 800 (I believe) acres of land was sold for $1.00, roads were widened. They will charge parking fees, 2% of wages will go back to the TIF. Visitor projects Ham is using are his own "Private". The actual study done showed 400k visitors per year under the way he is making the site as a strict interpretation, where as it was simply an "Ark", it would pull closer to 800k. I think he is saying they will have Double that amount plus more. The very last thing.... They are still using discriminatory hiring practices. So they are taking loads of taxpayer subsidies and still using discriminatory practices. This is some corrupt stuff going on, something that no true Christian would ever partake in. He gives Christians a bad name. I hope out of all of this, at least the city of Williamsburg will be in better shape and a lot of people will get jobs out of this and can make a living *if they stop the discriminatory hiring*. For the sake of this city and Grant County, I hope it is successful because they have put all their eggs into this basket.
June 7, 20169 yr Remember PTL/Heritage USA? No, what was that? https://en.wikipedia.org/wiki/Heritage_USA
June 7, 20169 yr Ah, yes. Falwell on the waterslide in his $5000 suit. Let's be fair, he did that to keep a pledge he made, trying to raise $20 million to pay PTL (Pay The Lady) debts....
June 7, 20169 yr We went there all the time when I was kid. I could still give a guided tour of the place. My folks sent them a ton of money.
August 8, 20168 yr Why one Over-the-Rhine company moved back to the ‘burbs (Subscriber article) As the Business Courier reported last week, Four Entertainment Group moved into the 7,500-square-foot space vacated by Core Resources in the Paint Building at 1404 Vine St. [...] To focus on development, Core Resources downsized its construction department, reducing staff to 20 from 29, which led to surplus space. At the same time, 4EG, a longtime client of Core Resources, was looking to expand.
August 24, 20168 yr Concerning downtown business, from the Cincinnati Enquirer: http://www.cincinnati.com/story/money/2016/08/24/small-businesses-power-downtown-retail-rebound/89000996/
August 24, 20168 yr ^That's tremendous growth. It says 16 opened last year. This year 13 have opened so far with about 14 more slated to open. Not certain how many are in retail spots that were previously vacant and how many spots are switching locations. Also would need to subtract against that the number that left but overall great growth. Also the article states the reasons for the moves: more downtown jobs the streetcar more residents
September 2, 20168 yr Can someone find a recent statistic about the number of jobs in Downtown Cincinnati? I was hoping DCI's latest annual report would have this number but I couldn't find it.
September 2, 20168 yr Over 65,000 according to DCI's webpage: http://www.downtowncincinnati.com/doing-business-downtown Not sure how recent. “All truly great thoughts are conceived while walking.” -Friedrich Nietzsche
September 13, 20168 yr Greater Cincinnati ranked the third largest exporter in the Midwest: http://www.bizjournals.com/cincinnati/news/2016/09/09/cincinnati-breaks-export-record.html http://www.cincinnati.com/story/money/2016/09/08/cincinnati-region-sets-record-241b-exports-us-says/90093008/ The update's individual PDF's state the case well enough: http://trade.gov/mas/ian/metroreport/tg_ian_003084.asp
September 28, 20168 yr An iron foundry and castings company in Oakley is closing its doors in November, which will result in 97 unemployed. http://www.bizjournals.com/cincinnati/news/2016/09/28/cincinnati-plant-closure-leaves-97-jobless.html This sad news brings to mind a comment a good friend made that despite having such a rich history in precision tooling, Cincinnati today does not have many high tech manufacturing companies. Those are her words, not mine, but she's now out in the Bay area in spite of her best efforts to stay in Cincinnati.
September 28, 20168 yr Oakley manufacturer closing, cutting 97 jobs That's sad! I am lamenting the loss of yet another manufacturer in the Cincinnati area. There used to be a lot of heavy industry in the city but it's mostly relocated to Kentucky or to the northern suburbs. The city thankfully did not experience a total collapse of its industrial base back in the 1970's and 1980's as its economic base was more diverse (unlike Cleveland and Youngstown), but these high paying jobs are hard to replicate and hard to bring back (in the city). Can you imagine a startup like Cast Fab trying to locate in Oakley? You'd have residents complaining about the smell, aesthetics of the buildings... And it looks like once Cast Fab closes, it'll be demolished to make way for an extension of the suburban mess that's already there.
September 28, 20168 yr Bummer, Cast-Fab and Cimcool are the last remaining industries in the Oakley Station area. That whole site, including the US Playing Card factory in Norwood, were part of a sizable spec industrial park development with a central steam plant and railroad sidings from the early 20th century. As best as I can tell, the Cast-Fab plant is the "New Foundry" mentioned at https://en.wikipedia.org/wiki/Foundry_products_operations_(Cincinnati_Milling_Machine) which was opened in 1940. That makes it an early example of modernist industrial architecture similar to what came out of the Bauhaus and Weimar Republic in Germany. I hope it can be repurposed for something, versus the way the rest of the development has been squandered. https://goo.gl/maps/YSSof73mNDQ2
September 28, 20168 yr I'd love to see that building re-purposed, though I have no idea what the interior is like and how much it would cost to renovate for other uses. Anybody have interior photos? I'd love to see what their machinery looks like. The long, skinny portion is 1,100'x105' (appears to be ~1.5 stories tall). The wider portion is ~700'x275' (appears to be 3.5-ish stories tall). It's hard to gauge floor height since a manufacturing building like this might be one big open space with extremely tall ceilings. http://wedge3.hcauditor.org/view/re/0520001001900/2015/aerial_imagery_full
September 28, 20168 yr Years ago my dad used to work for the Cincinnati Gear Company which was located in this factory that now houses some other company. I don't know anything about the history of the building but always thought it looked awesome.
September 28, 20168 yr Bummer, Cast-Fab and Cimcool are the last remaining industries in the Oakley Station area. That whole site, including the US Playing Card factory in Norwood, were part of a sizable spec industrial park development with a central steam plant and railroad sidings from the early 20th century. As best as I can tell, the Cast-Fab plant is the "New Foundry" mentioned at https://en.wikipedia.org/wiki/Foundry_products_operations_(Cincinnati_Milling_Machine) which was opened in 1940. That makes it an early example of modernist industrial architecture similar to what came out of the Bauhaus and Weimar Republic in Germany. I hope it can be repurposed for something, versus the way the rest of the development has been squandered. https://goo.gl/maps/YSSof73mNDQ2 Haven't been in that one but I've extensively toured the Cimcool. Not sure Cimcool is worth saving due to the contamination that is probably present, but there is a lot of space under roof.
December 6, 20168 yr The latest job news looks good! http://www.cincinnati.com/story/money/2016/12/06/jobs-bonanza-13-cincy-companies-plan-to-add-2000-employees/95030638/ http://www.bizjournals.com/cincinnati/news/2016/12/06/cincinnati-lands-nearly-2-000-jobs-thanks-to.html
December 14, 20168 yr TriHealth reveals new headquarters location Dec 13, 2016, 3:53pm EST Updated Dec 13, 2016, 4:19pm EST Barrett J. Brunsman and Tom Demeropolis Cincinnati Business Courier TriHealth confirmed today that it plans to relocate the hospital system’s headquarters from Avondale to the Baldwin 200 building in Walnut Hills. TriHealth will occupy about 125,000 square feet of space at the Baldwin 200 building, which is about one mile from the hospital system’s current headquarters at 619 Oak St. http://www.bizjournals.com/cincinnati/news/2016/12/13/trihealth-reveals-new-headquarters-location.html
December 14, 20168 yr Moving closer to the core! I wonder if they will make any improvements to the building that could result in tax abatements & more money going to WHRF.
December 16, 20168 yr Moving closer to the core! I wonder if they will make any improvements to the building that could result in tax abatements & more money going to WHRF. The building has been going under rehab for the past year or so. A lot of the inside has been gutted from what I understand
December 16, 20168 yr Is Baldwin 200 the 1980s office tower on Eden Park Drive nearer I-71, and Grand Baldwin the old building with the clock tower at Eden Park Drive and Gilbert? Is that one still going residential?
December 16, 20168 yr ^I work close by, the Grand Baldwin is the older building on the corner of Gilbert and Eden Drive. Yes, this rehabilitation is well underway going to residential. The Baldwin 200 is the 1980's building on Eden Park Drive near to I-71 where they are moving, I believe. Not certain if they need to make improvements to it or not as it is a newer building. *Off-Topic a bit* Also, I haven't driven by but I saw the WHRF posted an update on the Windsor School Flats on Instagram, looks like they are well underway in converting the school to residential. https://www.instagram.com/walnuthills/ The more I drive around Walnut Hills and think about it, especially around the McMillan and Gilbert intersection, I think eventually they are going to need to slow that area down and really make it more of a complete street at least going down to Windsor Road. That is probably a long ways off with all the rehabilitation that probably needs to happen first, but just a thought from my side.
December 16, 20168 yr Right. Grand Baldwin is going residential, and when you drive by you can tell that they are already framing out the new apartment units inside. TriHealth is moving into Baldwin 200, the modern office building.
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