Tuesday, December 2, 2008

Linden Park money will aid other College Hill projects

Cincinnati City Council has adopted a motion to channel funding originally targeted for the College Hill's Linden Park project into other neighborhood development projects.

At the request of the neighborhood, the $1.5 million in funding will be designated for the College Hill Community Urban Redevelopment Corporation (CHCURC) to acquire and demolish property in its mid-core business district to allow for redevelopment when the economy recovers.

CHCURC has already identified an alternative redevelopment project for the site.

"College Hill's identified alternative would accelerate blight removal, harness resources for demolition of deteriorating and condemned properties, incorporate the strategic use of City-already-owned properties, take advantage of the availability of strategically-located properties, eliminate a significant police 'hot spot', create a public green space, and create a site for a premier Form-Based Codes model for mixed-use, mixed-income housing and retail," said a statement accompanying the motion.

After nearly three years of planning the $9 million mixed-use project, developer Al Neyer, Inc. backed out of the Linden Park project in August due to poor condominium pre-sales and an inability to secure retail tenants.

Previous reading on BC:
Neyer backs out of Linden Park (8/29/08)
Linden Park reception to kick off sales center opening (3/6/08)
City to sell land, provide loan for Linden Park (2/1/08)
New rendering, townhome developer for Linden Park (9/24/07)
Community support of Linden Park decisive (9/6/07)