3CDC isn't a developer per se, they are more of a ...

2008-05-20T23:49:00.000-04:00

3CDC isn't a developer per se, they are more of a property warehouse.

Most of what 3CDC does involves barricading buildings, fencing in lots, and transferring its holdings to developers such as Model, Urban Sites, etc. who do the actual projects.

Now I have a great deal of respect for 3CDC and th...

2008-05-20T10:03:00.000-04:00

Now I have a great deal of respect for 3CDC and the things they do. But they currently hold too many properties and all the city is doing is transferring a problem and not developing a solution. On my trip down over the weekend there are HUNDREDS of 3CDC boardups. As a historic restoration consultant and restoration contractor I know from experience that the longer historic properties sit, the more they deteriorate. If 3CDC is to be the developer of OTR and basically "given" property owned by the city (owned by the taxpayers), then they should disclose just when each property will be redeveloped. We continue to see demolition by neglect and unless we start asking hard questions about when and where the monies will come from to rehab, sorry but 'restore" is not an appropriate word here, these properties will continue to suffer and OTR will lose more of its architectural heritage. In my opinion 3CDC should as part of the sale disclosure provide the city with a timeline for restoration an estimation of the stabilization cost. Every new property 3CDC acquires (except those that the city deems as needed demolition) should have a new roof within 90 days of acquisition as a condition of the sale. This is key in saving a property as water damage, more than anything else causes building to fail.

Comments on Building Cincinnati: City likely to sell OTR property to 3CDC, OTRCH

3CDC isn't a developer per se, they are more of a ...

Now I have a great deal of respect for 3CDC and th...