CINCINNATI CENTER CITY DEVELOPMENT CORP

Programs

1. Mixed-use real estate: the organization continues to work to connect the fountain square area to the convention district while filling its street-level commercial spaces with a wide variety of tenants. The organization, which currenlty has over 100 tenants in street-level commercial spaces, is focused on increasing the number of minority- and women-owned businesses in its spaces. Currently, 29% (33/112) of 3cdc's leased, street-level commercial spaces are minority-owned businesses, while 35% (39/112) of 3cdc's first-floor retail tenants are woman-owned businesses.

   $18,643,171 spent$32,144,742 earned by the program
   34% of program spending

2. Parking: 3cdc's in-house parking service oversees the management of 10 garages and seven surface lots in the organization's portfolio. 3cdc is committed to providing clean, safe, well-lit garages, and outstanding customer service. The organization manages a total of 5,918 parking spaces in cincinnati's urban core, setting its prices at or below market rates to ensure parking is accessible to visitors, residents and workers in downtown. Additionally, parking serves as an amenity that supports small businesses in the urban core, making it easier for patrons to visit retail, food & beverage, and service-based establishments.

   $17,059,441 spent$13,568,187 earned by the program
   31% of program spending

3. Civic space event management and programming: in 2023, 3cdc hosted over 1,200 free family-friendly events across the six civic spaces it manages in cincinnati's urban core fountain square, washington park, ziegler park, memorial hall, court street plaza and imagination alley. This included nearly 25,000 visitors to the ziegler park pool, free swim lesssons for over 600 adults and chidren, a low-cost summer camp catering to neighborhood youth primarily utilized by families living at or below the poverty line and a free swim team. Additionally, several dozen ambassadors worked to keep the spaces clean and safe. These activities all support creating vibrant, dynamic civic spaces that result in safer neighborhoods, due to positive activity. Additionally, patrons who visit (continued in schedule o)the park often support the local economy by parking at nearby garages and visiting small businesses in the area.

   $9,250,207 spentof which $111,268 as grants$7,933,208 earned by the program
   17% of program spending

4. Business improvement district management: 3cdc employed over 40 full-time ambassadors in 2023, as well as 40 additional part-time employees. Ambassadors assist in the management of the six civic spaces 3cdc oversees, in addition to providing clean, safe, and beautification services throughout the two special improvement districts the organization manages the downtown cincinnati improvement district and over-the-rhine (otr) south special improvement district. Ambassadors patrol the streets on foot, cleaning sidewalks and alleys and providing guides, maps and friendly assistance to visitors. 3cdc focuses on making fair chance hires and employing individuals in recovery for many of these positions, working with various job readiness programs to identify potential employees.

   $4,890,586 spent$4,209,408 earned by the program
   9% of program spending

5. Development: 3cdc continued its efforts to create more affordable housing throughout otr via mixed-income development projects in 2023. The organization completed construction on adeline lofts & webster flats, as well as august flats, yielding a total of 38 mixed-income apartment units above white box commercial spaces. Of these units, 27 were affordable to those making 80% of the area median income (ami). Work continued on a third project, the annie, which consists of the renovation of four historic buildings into 29 mixed-income apartment units located above 2,600 square feet of ground-floor commercial space. The organization continued to advance predevelopment work on two major civic projects, the convention district, which involves the renovation of the convention center and construction of a new convention headquarters hotel, and findlay community center, which involves the creation of a new 60,000-square-foot state-of-the-art community center. All of this work contributes to 3cdc's overall mission of strengthening and revitalizing cincinnati's urban core, as the projects involve increasing the number of housing units and activating street level commerical spaces to create…

   $5,426,145 spent$4,608,138 earned by the program
   10% of program spending

The 5 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $55,269,550.