A vacant plot of land in the midst of Over-the-Rhine has ignited a battle over what ought to occur to the property that is ripe for improvement.
On one aspect is a small improvement firm trying to construct 5 luxurious houses value $800,000 every.
On the opposite aspect are neighborhood residents who say they have been promised enter on land offers and are looking for to make sure reasonably priced housing is inbuilt Over-the-Rhine.
The sale was referenced at Cincinnati Metropolis Council’s final Finances and Finance Committee agenda in an merchandise that may have spent the $420,000 from the sale. Finally, a special pot of cash was used.
Now the developer, Rhine Improvement, is not sure if the corporate can afford to go ahead.
“We have been excited to do that as a result of we needed to be a part of the OTR renaissance,” stated Lisa Diedrichs, one of many builders.
Margy Waller, an OTR resident and member of Over-the-Rhine Group Council’s housing and financial improvement committee, is on the forefront in pushing for group enter.
“It’s metropolis land, making it extra essential than traditional that the group have the ability to converse concerning the wants of the group,” Waller stated.
Vice Mayor David Mann, chairman of council’s Neighborhoods Committee, stated at this level he is towards the deal.
“I’m towards the sale with out revealing how we ended up promoting to those consumers,” Mann stated. “The town has engaged in no considerate course of.”
An Enquirer examination of the challenge exhibits the town didn’t put the land out for bid, request proposals about what individuals may need to do with it or put standards on what ought to be constructed.
As an alternative, when Rhine Improvement, a 2-yr-previous improvement firm, requested to purchase the land, the town appraised it and agreed to promote it. There are not any guidelines about what land gross sales are bid out and which are not, metropolis officers stated.
Rhine Improvement is run by Cathy Caldemeyer, the daughter of late Procter & Gamble CEO John Smale, her daughter Diedrichs, and Caldemeyer’s son.
Final yr Rhine Improvement purchased the Cincinnati Catholic Kolping Society constructing – situated throughout the road from the vacant lot – for $one hundred seventy five,000 from 3CDC. Rhine turned it into workplace area with 4 condominiums above it, in response to county property data.
Waller stated the neighborhood is within the midst of assessing housing wants and No. 1 on the record is housing for the poorest residents,…