3CDC: Difference between revisions
No edit summary |
|||
| Line 16: | Line 16: | ||
==History== |
==History== |
||
In July 2003, 3CDC was formed by former mayor of Cincinnati, [[Charlie Luken]] and other corporate community members. This was a result of a recommendation by a City of Cincinnati Economic Development Task Force. Most funds are gathered through corporate contributions. In 2004, 3CDC accepted responsibility for overseeing Cincinnati New Markets Fund and Cincinnati Equity Fund. Both funds provide 3CDC with much of the money needed for their projects. |
In July 2003, 3CDC was formed by former mayor of Cincinnati, [[Charlie Luken]] and other corporate community members. This was a result of a recommendation by a City of Cincinnati Economic Development Task Force. Most funds are gathered through corporate contributions. In 2004, 3CDC accepted responsibility for overseeing Cincinnati New Markets Fund and Cincinnati Equity Fund. Both funds provide 3CDC with much of the money needed for their projects. |
||
==Controversy== |
|||
3CDC has been accused of gentrification, specifically given the manner by which their actions lead to the displacement of people who are poor. Given the large number of public dollars channeled into this private corporation, they operate as a public planning department without needing to report directly to voters. The 3CDC board is composed of several millionaires who do not live in municipal Cincinnati. |
|||
==Projects== |
==Projects== |
||
Revision as of 11:54, 27 February 2011
 | |
| Company type | Non-Profit |
|---|---|
| Founded | 2003 in Cincinnati, Ohio |
| Founder | Charlie Luken |
Key people | Stephen G. Leeper (CEO & President) Stephanie P. Gaither (Executive VP and CFO) Chad Munitz (Executive VP-Development) Bill Donabedian (Managing Director - Fountain Square) Kelly Leon (Vice President, Communications & Community Relations) |
| Website | 3cdc.org |
Cincinnati Center City Development Corporation (3CDC) is a private, non-profit corporation based in Cincinnati, Ohio. Most of 3CDC's work targets the Gateway Quarter of the Over-the-Rhine neighborhood, Fountain Square, and the central business district of Cincinnati. According to their website, 3CDC's goals and objectives are to "create great civic spaces, create high density/mixed-use development, preserve historic structures and improve streetscapes, and create diverse, mixed-income neighborhoods supported by local businesses".
History
In July 2003, 3CDC was formed by former mayor of Cincinnati, Charlie Luken and other corporate community members. This was a result of a recommendation by a City of Cincinnati Economic Development Task Force. Most funds are gathered through corporate contributions. In 2004, 3CDC accepted responsibility for overseeing Cincinnati New Markets Fund and Cincinnati Equity Fund. Both funds provide 3CDC with much of the money needed for their projects.
Projects
- Fountain Square plaza and garage: October 2005 - October 2006
- Washington Park: August 2010 - February 2011
- Vine Street streetscape project: Summer 2009–Present
- Gateway Quarter: ongoing project redeveloping streets starting with Vine Street and Central Parkway
- 5th and Race: Pending development of a current surface parking lot one block from Fountain Square