Points of Discussion

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Points of Discussion

• Flood mitigation and erosion control that leads
  to a destination
• The park will be an economic engine
• The park will provide the opportunity for the
  Banks developer to partner with Parks in
  developing the cafes, restaurants, and
  concessions in the park
• The need to establish a park improvement district
  to assist in supporting the ongoing maintenance
  of the park
• We are ready to go

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Cincinnati Riverfront Park Regional Context
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Cincinnati Riverfront Park
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Park Program

• Major civic space at front door of city
• Setting for festivals and events
• Access to the river
• Features and activities to draw visitors
• Playgrounds
• Water features
• Gardens
• Boat landings
• Event lawn
• Bike path/Walkways
• Linkage to existing riverfront parks

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Planning and Approval Process

• Planning Process
• Series of public meetings
• Focus groups stakeholders meetings
• Citizen advisory committee
• Design engineering consultant team
• Corps of Engineers involvement
• Review with City, County, 3CDC, Stakeholders
• Plan Approvals
• 1999 Master Plan approved
• 2000-2002 Incorporated into Banks/Riverfront Plan
• Approved/supported by City,
  County, Park Board, CRC, Planning Commission,
  Urban Design Review Board, Chamber of
  Commerce
• 2004 Approved by Congress

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Refined Cincinnati Riverfront Park Plan

• Funded designed by the US Army Corps
• Approved by Park Board, City Council, Urban
  Design Review Board the City Planning Commission

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Large Event Layout Mehring Way Closed
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Phase I
8.6 Million

• P
• Access to riverfront
• Signature gateway to Cincinnati
• Riverfront/Cinergy Stadium memorial

• Parcel 11B, Fountain Stairs . . . . . . . . . .
  . . . . .
• Food pavilion in the park
• Upper promenade
• Embrace Roebling Bridge

6.2 Million

• East Roebling Lawn
• Great Lawn- a flexible lawn for events
• Adventure Play
• The Grove

8.6 Million

• Main Street Gardens
• Riverfront terrace swings
• Flower gardens
• Interactive fountain

9.4 Million

• Lower Promenade
• Boat access
• Walk

32.8 Million TOTAL
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Timeline
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Economic Impact

• The park will bring 1.1 million new visitors to
  downtown and will have a positive impact on
  tourists, convention goers, and downtown
  business.
• The park will leverage the development of The
  Banks and it will serve as the front
  yard/neighborhood park for its tenants, visitors,
  and home owners.
• The park will be the setting for major events and
  festivals.
• The park will contain restaurants, cafes and
  concessions to provide food and drink to
  visitors, as well as to generate revenue.

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Operating Costs

• The first phase of the park is estimated to cost
  600,000 annually to operate.
• Operating costs will be offset through a mix of
  funding sources, including
• Revenue from the restaurants and cafes in the
  park
• Revenue from private rentals/reservations
• Fees from special events and festivals
• Concessions
• Tax support
• Endowments
• Park Improvement District

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Capital Costs

• Park costs are estimated to be 2.5
  million/acre. This cost is equal to or less than
  other comparable waterfront parks, including
• Louisville Waterfront Park 1.4 M/acre
• Friendship Park 1.5 M/acre
• Tall Stacks/Yeatmans 1.8 M/acre
• Charleston, S.C. 3 M/acre
• Capital City Landing, Indianapolis 3.55 M/acre
• Chicago Millennium Park 17.6 M/acre

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Funding
Capital Funding is Debt Free

• Up to 50 million in support will come from the
  Army Corps of Engineers
• Up to 6 million will come from State Funding
• Up to 10 million will come from Local Funding
• Between 20 to 30 million will be raised
  privately to complete and partially endow the
  park.
• The revenue generated through the commercial
  opportunities in the blocks 11A and 11B will help
  support the ongoing operational needs of the
  park.

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CINCINNATI RIVERFRONT PARK Bike Path along
Mehring Way
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