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3CDC

Non-profit real-estate development and finance organization

Field	Value
logo	3CDC wordmark vert.svg
name	Cincinnati Center City Development Corporation
assets
num_employees	291
num_employees_year	2018
type	Non-profit
foundation	2003 in Cincinnati, Ohio
location	Over-the-Rhine
key_people
revenue
footnotes	{{Cite web
title	CINCINNATI CENTER CITY DEVELOPMENT CORPORATION – Form 990 for period ending Dec 2018 – Nonprofit Explorer
last1	Tigas	first1 = Mike
last2	Wei	first2 = Sisi
last3	Schwencke	first3 = Ken
last4	Roberts	first4 = Brandon
last5	Glassford	first5 = Alec
work	ProPublica
access-date	4 May 2020
url	https://projects.propublica.org/nonprofits/display_990/200446324/01_2020_prefixes_14-20%2F200446324_201812_990_2020011017013056
homepage	[3CDC.org](http://www.3CDC.org)

| access-date = 4 May 2020

Cincinnati Center City Development Corporation (3CDC) is a private, non-profit real-estate development and finance organization focused on strategically revitalizing Cincinnati's downtown urban core in partnership with the City of Cincinnati and the Cincinnati corporate community. Its work is specifically focused on the central business district and in the Over-the-Rhine (OTR) neighborhood. The organization played the key role in revitalizing OTR, which during the early 2000s was considered one of the most dangerous neighborhoods in the United States. While the organization began as a full-service real estate developer, it has since branched out and become a significant event programmer in Cincinnati, producing over 1,000 events per year at the four civic spaces it manages: Fountain Square, Washington Park, Ziegler Park and Memorial Hall.

History

In July 2003, 3CDC was formed by former mayor of Cincinnati, Charlie Luken and other corporate community members. This was a result of a recommendation by a City of Cincinnati Economic Development Task Force. Most funds are gathered through corporate contributions. In 2004, 3CDC accepted responsibility for overseeing Cincinnati New Markets Fund and Cincinnati Equity Fund. As of May 2018, those funds total over $250 million and have resulted in over $1.3 billion{{Cite web | access-date = 4 May 2020

Controversy

Some long-term residents of the Over-the-Rhine neighborhood have voiced concern that 3CDC does not sufficiently attend to the concerns of long-term residents of the neighborhood, which was formerly 80% African-American, and that gentrification caused by 3CDC's development is displacing the existing population and businesses.

On three occasions, the Cincinnati Board of Housing Appeals has accused 3CDC of "demolition by neglect" (a first-degree misdemeanor in Cincinnati) by allowing vacant buildings to be neglected until they require emergency demolition.

Projects

Fountain Square plaza and garage: October 2005 – October 2006
Washington Park: August 2010 – February 2011
Vine Street streetscape project: Summer 2009 – present
Over-the-Rhine: ongoing project redeveloping streets starting with Vine Street and Central Parkway

References

Woodard, Colin. "How Cincinnati Salvaged the Nation's Most Dangerous Neighborhood".
"How 3CDC built a local events empire".
(14 May 2013). "Cincinnati's 3CDC charged with 'demolition by neglect' in historic Over-the-Rhine".
(2013-05-14). "3CDC faces neglect accusations".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

organizations-based-in-cincinnati non-profit-corporations organizations-established-in-2003 2003-establishments-in-ohio

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