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Historic Restoration & Stabilization by The Port

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The Port's Real Estate Counsel Megan Meyer shared our historic restoration and stabilization work in City of Cincinnati neighborhoods and Hamilton County. Structures have been stabilized in Northside, Mt. Auburn, Over-the-Rhine, Mt. Healthy and the West End.

Published in: Government & Nonprofit
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Historic Restoration & Stabilization by The Port

  1. 1. HISTORIC RESTORATION & STABILIZATION Megan Meyer, Real Estate Counsel
  2. 2. Historic Structure Stabilization Program OVERVIEW Allows the Hamilton County Landbank to assist in stabilizing important, vacant historic buildings in order to preserve these structures for future redevelopment BUDGET Is funded annually through a combination of $200,000 - $400,000 from The Landbank, combined with targeted funds from the City of Cincinnati.
  3. 3. Property Selection Process Historic Structure Stabilization Program The Landbank established a Historic Structure Stabilization Program Advisory Board in 2012, which meets quarterly to discuss how best to allocate stabilization funds among properties under consideration. Properties do not have to be formally designated historic in order to be considered. The Landbank receives property suggestions from the municipality where the property is located, the general public, community partner groups and Landbank staff.
  4. 4. Stabilization Process The Landbank acts as the nuisance abatement agent of the local municipality under O.R.C. 715.261(E). The Landbank documents its authority by signing an Agency Agreement and Notice to Proceed with the local municipality. We obtain bids and bring the property into compliance with the local Vacant Building Maintenance License 13-point standard.
  5. 5. 1201 Linn West End 1908 YEAR BUILT $151K INVESTMENT IN STABILIZATION BY THE PORT Stabilized, awaiting redevelopment Tax Forfeited
  6. 6. 1201 Linn West End
  7. 7. 18 Mulberry West End 1870 YEAR BUILT $183K INVESTMENT IN STABILIZATION BY THE PORT BOR Expedited Tax Foreclosure
  8. 8. 18 Mulberry West End
  9. 9. 4000 Colerain Northside 1859 YEAR BUILT $73K INVESTMENT IN STABILIZATION BY THE PORT BOR EXPEDITED TAX FORECLOSURE BOR Expedited Tax Foreclosure Stabilized, awaiting redevelopment
  10. 10. 7428 Hamilton Mt. Healthy 1914 YEAR BUILT $40K INVESTMENT IN STABILIZATION BY THE PORT Stabilized, awaiting redevelopment BOR Expedited Tax Foreclosure
  11. 11. 7428 Hamilton Mt. Healthy
  12. 12. Over-the-Rhine Stabilized, awaiting redevelopment 1855 YEAR BUILT $134K INVESTMENT IN STABILIZATION BY CITY OF CINCINNATI + PORT 1706 Lang Tax Forfeited
  13. 13. 15 Baymiller Row Houses
  14. 14. Baymiller Row Houses West End 1875 YEAR BUILT $511K INVESTMENT IN STABILIZATION FROM THE CITY OF CINCINNATI BOR EXPEDITED TAX FORECLOSURE
  15. 15. Question & Answers

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