Brian Planalp
@BrianCinciBiz
Cincinnati Business Courier reporter covering commercial and residential real estate and GE Aerospace
Cincinnati Citywide Crime statistics compared to an average of the last three years. Part 1 Violent Crimes: down -6.6% Part 1 Property Crimes: up +0.4% Shootings Victims/Incidents: down -24.2%/-24.6% Part 2 'Quality of Life' Crimes: down -4.67%
“The gift to the Tennessee billionaires came as part of an Ohio budget that is seen as generally favoring the wealthy in a state where more than a quarter of the populace — 3 million people — are poor enough to qualify for Medicaid.”
Analysis: Ohio Republicans warned against out-of-state special interests. Then gifted $600M to one • Ohio Capital Journal / @martyschladen share.google/qdKHJbyFLiFMY0…
Peter Thiel: "If you add more people to the mix and you're not allowed to build more houses because of zoning laws, then prices go up a lot, and it's this incredible wealth transfer from the young and the lower middle class to the upper middle class and the landlords."
Declan’s tracker for our Big Audacious Housing goal of building 40k units in 10 yrs. In the last few years we have built. ~1,400 or so/year so getting to 4K/yr is challenging. But we are pushing on “what needs to be true“ to make that happen. We need more housing of all kinds.
Simply put, repealing Connected Communities makes it more difficult to build housing in the city. The city isn’t an island. Developers will take their time + resources + build in our peer cities instead. -Someone who builds housing in the city
Haven’t spoken to every developer in the city, but safe to say those I have would regard this as a big step backwards, making it harder to build and likely persuading many of them against projects within the city limits.
Cincinnati is such a shithole people are filling up expensive-to-rent apartments in the city at greater rates than the suburbs. "Even with the new supply downtown, the city of Cincinnati’s vacancy rate is around 6% lower than the region’s at large." bizjournals.com/cincinnati/new…
The next tweet has the reason for the rent growth "The region continues to permit multifamily units at a per capita rate far below its growing peer cities." The best thing we can do to lower rents is build a ton of housing along transit lines in the City of Cincinnati
Greater Cincinnati is seeing the second-fastest rent growth in the U.S., with annualized rents up 3.5% at a time when rents nationwide are flat or falling.
Portman Holdings, the developer of Cincinnati’s new headquarters hotel, announced what flag it will carry. bizjournals.com/cincinnati/new…
Can we secede already
Wow… it would appear that the coastoids are not enticed by notorious conman Vivek Ramswamy telling them to move to Ohio to escape the specter of a democratic socialist mayor.