Wednesday, May 14, 2008

A comprehensive aproach in OTR vs Monopoly Effect

Sometimes coming into a city with "fresh eyes" you can take a look at things, not be involved with the politics of it ,and call it like it is. Over-the-Rhine will be a sucess. The only thing holding it back are developers and the city. Now what do I mean by that. Take a look around Findlay Market for example and along Elm and Race. How many empty buildings are there? dozens, hundreds ?

Findlay Market could be wildly sucessful were there were enough residents who lived in the area. The city owns huge amounts of houses as does 3CDC. As a historic restoration consultant and a restoration contractor, boarding a building is great, letting it sit for years, is not. Look at Meiners Flats, a developer buys it and sits on it TOO LONG and the result is a roof collapse and a major battle to save it from demolition.

I applaud the work done by developers like 3cdc however both they and the city need to stop playing Monopoly and let go of some of the homes in the area and sell them to people who will obtain the nescessary financing and restore them. City panning and 3cdc need to get together and look at what they could sell to people who want to own a house in OTR. "developer proposals acomplish little if it takes 3-7 yrs to get from proposal to reality.

Neither the city or 3cdc has the monies to restore "everything" so why not let some urban pioneers in the mix who are willing to buy some of these properties, roll up their sleeves and restore them. You can only have 'so many" condos in OTR. There is , in my opinion a pent up demand for Live/work spaces and for single family restoration.

Buying sonething, boarding it, in the hope that some day you will restore it doesnt "jump start" the neighborhood. One or two "Urban pioneers" per block doing restoration will.

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