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PROGRESS REPORT FEBRUARY 2012

PROGRESS REPORT FEBRUARY 2012. Published March 20, 2012. The Banks Project. Master Development Plan. Executive Summary. Summary: Construction. February 2012: Close-out BP#9—Mehring Way guardrail installation complete. BP#11—Outstanding punch list items being addressed.

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PROGRESS REPORT FEBRUARY 2012

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  1. PROGRESS REPORTFEBRUARY 2012 • Published March 20, 2012

  2. The Banks Project

  3. Master Development Plan

  4. Executive Summary

  5. Summary: Construction • February 2012: Close-out • BP#9—Mehring Way guardrail installation complete. • BP#11—Outstanding punch list items being addressed. • All that’s left is the paperwork! • Public Safety Technologies work ramping up • BP#12—Contract awarded to ESI; work already underway

  6. Bid Package #12 Street Grid/Pedestrian Improvements Design • Pedestrian walkway and street improvements planned • Part 2 of BP#12 to be bid Fall 2012—sidewalk upstream side of Roebling Bridge, pedestrian bring over Pete Rose Way, construction of Ohio River Trail segment • Part 1 of BP#12 to be bid Spring 2013—widening of Second Street sidewalk, removal of Race Street Bridge, reconstruction of portion of Freedom Way, completion of Public Safety technology

  7. Summary: Budget • All public parties construction (Phases 1 and 2a) work have operated continuously within budget. • Approx. $1M Phase 1 contingency can be moved to Phase 2a • http://www.thebankspublicpartnership.com/sites/default/files/budget-detail-feb2012.pdf

  8. Summary: Developer • Carter-Dawson: • Phase 1a residential is 99% leased • Retail is 80% leased

  9. Developer’s Leasing Activity • Holy Grail, Johnny Rockets, Toby Keith, and Police Welcome Center open and operating. • The Tin Roof and Crave are finalizing permits and preparing to start construction. • Mahogany’s lease is executed; project is in design phase. • Lease executed with The Wine Guy; design is underway. • Ruth’s Chris is designing their space; construction anticipated to begin second quarter 2012.

  10. Economic Inclusion

  11. Summary: Economic Inclusion • The Project maintained the 36% SBE participation commitment (goal for Construction is 30%) as of 1/25/12. • SBE: 36% • MBE: 15.9% • WBE: 2.8% • Professional Services (SBE goal is 10%) • SBE: 8.1%

  12. Economic Inclusion f Bid Packages #5, #6, and #7 are closed out. Substantial work was completed this month by the DBE contractors on Bid Packages #9 & #11; final billings are projected to meet ODOT goals. Click here for Economic Inclusion reports: http://www.thebankspublicpartnership.com/sites/default/files/economic-inclusion-feb2012.pdf • .

  13. Economic Inclusion • Combined Minority/Female Workforce participation is 17.44% as of 1/25/12. • Minority Workforce (female and male) is 16.14% • For the one-month period ending 1/25/12, a total of 89.3% of workers lived within the 15-County Cincinnati-Middletown MSA • Local residency analysis 1,406 workers (through 12/25/11) • Tri-State 97.7% • Cincinnati-Middletown MSA 77% • Hamilton County 25.5% • City of Cincinnati 9.2% • There are no local residency participation goals.

  14. Summary: Safety • The Project has logged over 416,000 hours worked without a lost-time accident for both Public Parties construction phases through Bid Package #11.

  15. Cincinnati Parks

  16. Cincinnati Parks • Phase 1 Walnut Street Fountain and Grand Stairway to open in early Spring. • Bike Center design completed in February; scheduled to open in early Spring. • Schmidlapp Event Lawn and Stage canopy will be completed late March. • Work at Smale Riverfront Park Phase 3 continued. • Moerlein Lager House opened 2/27/12.

  17. Cincinnati ParksWork South of Mehring Way

  18. Cincinnati Parks

  19. Communications • The Banks Project in the News • Over 20 articles mentioning The Banks in February and two progress update presentations delivered. • http://www.thebankspublicpartnership.com/sites/default/files/media-summary.pdf

  20. Progress: February 2012 For more information: John F. Deatrick The Banks Project Executive (513) 946-4434 john.deatrick@hamilton-co.org http://www.thebankspublicpartnership.com

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