Sunday, July 16, 2023

TURNAROUNDS TAKE TIME

GREAT CITIES DO NOT HAPPEN OVERNIGHT

CREATING PLACE AND PROSPERITY REQUIRES PATIENCE

When Over-the-Rhine was making a comeback and homeownership was increasing, 3CDC launched a $48-million renovation of Washington Park, which had a history of drugs, prostitution and other ills.

Proceeds from a 450-space parking garage under the park helped finance its restoration.

The renovation added a water feature and other amenities as well as renewing the front lawn of historic Music Hall, which hosts opera, symphony, ballet, pops and other performing arts.

In less than two decades, 3CDC has overseen $1.7 billion in development while restoring more than 200 buildings and creating more than 1,000 apartments and more than 500 condos.


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