BanksOKI24FEB12

8/3/2019 BanksOKI24FEB12

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The Banks Public Partnership


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FORT WASHINGTON WAY 2000The first step

A project managed by the City of Cincinnati with thecooperation of thousands

OKI had major role and brought regionalism to project

1998 2000


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3

From the South

From the West

From the North

From the East

Flooding: The developments designchallenge1997 Flood: The Crisis that defined that design
http://www.cincinnati-transit.net/zsuspension-hist10.jpghttp://www.cincinnati-transit.net/zsuspension-hist10.jpg


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Cross-Section Of The Design ConceptA floodable Intermodal Transit Facility with a flood-proofdevelopment podium and excellent transportation connections.


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Master Development Plan


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Phase 1 June 2008


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Phase 1 October 2011


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Phase 2a

Block 2 Site Work/ Parking Facility Construction June2010 to November 2011. Any remaining work forPublic Parties will be done along with the Developerswork.


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So where are we now?

A d f P j t R t


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Agenda of Project ReportFebruary 13, 2012 Staff Meeting for the Boardof County Commission

1. Project update2. Local Public Agency (LPA) Agreement for

balance of federal monies awarded the

project3. Trade Contract -28, Public SafetyTechnology recommendation for award

4. Recommendation for award of the design

contract for replacement of the temporarypedestrian bridge over Pete Rose Way

5. Working with the Developer to supportcontinued build-out of the Master Plan.


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Summary

1. The block 2 addition to the Central RiverfrontIntermodal Garage and the Riverfront Street Grid withits underlying utility network are all complete and inservice. A minor punch list remains. The electronic

system to support both the event management andvalet parking is in operation.


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Phase 2aParking 1/31/12

New Second St Entrance


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19 17

Lot20

Lot22

Lot21

LOT

27

LOT

28

LOT

25

1

2

3

4

VALET PARKINGLOCATIONS

Approved Valet Parking Locations


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Summary

2. All Public Parties work envisioned by the Public

Parties as Phase 1 and the additional Phase 2aconstruction made possible by the ARRA program iscomplete. Work underway with the Developer for

next phases.


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Summary

3. Both construction phases of the PublicParties work continue to be within approvedbudgets and on target to meet SBE, DBE andsafety goals and should remain so through all

contract closeouts in March. The projectcontinues to have no lost time accidents.


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Summary4. Through cooperation with OKI and ODOT, all grant monies,

primarily OKI STP money, not projected to be spent in currentwork have been re-programmed into the two parts of BidPackage 12.


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Summary5. Carter-Dawson reports that Phase 1a residential

is 99% leased and that the retail is 80% leased.


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ECONOMIC INCLUSION

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The Banks Project Economic Inclusion

As of December 25, 2011:

I. ConstructionSBE 36%

MBE 15.9%WBE 2.9%

II. Professional ServicesSBE 8.0%MBE 6.8%WBE 2.1%


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The Banks Project Economic InclusionFederal/ODOT Funding Disadvantaged Business Enterprise Program

Bid Package No. ODOT DBEGoal

ContractorCommitment

Actual DBEParticipation

5 8.0% 10.8% 12.0%

7 8.0% 10.7% 11.7%

6 5.0% 5.0% 5.4%

Bid Package No. ODOT DBE

Goal

Contractor

Commitment

Actual DBE

Participation

9 4% 4.9% 2.8%

11 8% 8.4% 7.4%

Bid Packages 5, 6, and 7 are closed out. Substantial work isbeing completed this month by the DBE contractors on BidPackages 9 & 11, and the final billings are projected to meetODOT goals.


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Combined Minority/Female Workforce participation as ofDecember 25, 2011 is 17.42%; Minority Workforce(female and male) is 16.12%

For the one-month period ending December 25, 2011,

nearly 89.7% of workers lived within the 15-CountyCincinnati-Middletown MSA

Local residency analysis as of October 25, 2011 (1,397workers)

Tri-State 97.6%Cincinnati-Middletown MSA 76.9%Hamilton County 25.6%City of Cincinnati 9.2%

The Banks Project Economic Inclusion


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Safety

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Over 416,000 hours worked without a lost-timeaccident through both Public Parties construction

phases, to date.


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SCHEDULE: CONSTRUCTION

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Bid Package #9 complete; closeout underwayMehring Way and Elm Street guardrails the only work remaining

Bid Package #11 complete; closeout underwayCertificate of occupancy expected in February

Bid Package #12 Riverfront Public Safety technology contract out to bid Part 1 to be bid Spring 2013Widening Second St. sidewalk, removal of Race St. Bridge,reconstruction of portion of Freedom Way, completion of Public Safetytechnology

Part 2 to be bid Fall 2012Sidewalk upstream side of Roebling Bridge, steps and pedestrian bridgeover Pete Rose Way near Broadway; construction of Ohio River Trailfrom Steamboat Monument to Joe Nuxhall Way


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ScheduleDevelopers Leasing

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Toby Keiths prepared for opening The Tin Roof awaiting construction permit;

opening projected for Spring 2012

Orange Leaf beginning construction Mahoganys designing their build-out The Wine Guy executed their lease Ruths Chris signed lease; construction set to

begin second quarter 2012


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Cincinnati Park Board Progress

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Cincinnati Park Board ProgressPhyllis W. Smale Riverfront Park, Phases 1, 2

substantially complete. Walnut Street Fountain & Grand Stair open to public

in early Spring Bike Center interior design underway; expected

opening in SpringPhase 3 work on grounds, underground utilitiescontinues.Moerlein Lager House geothermal installation, brewingtanks installation and interior finishing continues; LagerHouse will open February 27.

Coordination with Cincinnati Parks


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Coordination with Cincinnati ParksMoerlein Lager HouseOpening February 27, 2012


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Coordination with Cincinnati ParksWalnut Street Fountain, Grand Stairs & Bike Center


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Coordination with Cincinnati ParksWalnut Street Fountain, Grand Stairs & Bike Center


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COMMUNICATIONS

The Banks Project in the news

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COMMUNICATIONS

The Banks Project in the newshttp://www.thebankspublicpartnership.com/m

edia

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http://www.thebankspublicpartnership.com/mediahttp://www.thebankspublicpartnership.com/mediahttp://www.thebankspublicpartnership.com/mediahttp://www.thebankspublicpartnership.com/media


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Budget

According to budgetprojections, local fundsremaining from theFebruary 2009 budget are

sufficient to covernecessary match and softcosts not eligible for federalfunds. Phase 1 has just over$1m contingency remainingwhich can be moved to

Phase 2.


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Phase 2a Budget Reallocation(Rollover of Phase 1 contingency would add $1 million)

Phase I IA S ources May 2010 Approval S ource BP9 Projected Use

BP11 Projected

Use BP12 Projected Use Total Projected Use

Existing Phase I Public Parties Source $5,692,945

TIF Bond Proceeds $10,197,496Stimulus - State of Ohio $13,000,000 $5,000,000 $8,000,000 $13,000,000

CMAQ Federal Grant (Stimulus) $10,200,000 $10,200,000 $10,200,000

STP Federal Grant $7,521,071 $230,358 $1,032,592 $6,258,121 $7,521,071

Developer Contribution** $2,000,000

Stimulus - OKI $1,500,000 $1,500,000 $1,500,000

Existing Federal Earmarks $1,125,116 $491,964 $625,116 $1,117,080

OKI Enhancement Grant $1,000,000 $750,000 $750,000

Budget Total $52,236,628

Total Federal Use $7,222,322 $19,232,592 $7,633,237 $34,088,151

Projected Local Use $1,492,000 $10,397,120 $5,414,540 $17,303,660

Total Use $8,714,322 $29,629,712 $13,047,777 $51,391,811

Phase IIA Sources December 8, 2011 Source BP9 Projected Use

BP11 Projected

Use BP12 Projected Use Total Projected Use

Unallocated Funds

Contingency Contingency

Existing Phase I Public Parties Source $5,692,945

TIF Bond Proceeds $10,197,496

Stimulus - State of Ohio $13,000,000 $5,000,000 $8,000,000 $13,000,000

CMAQ Federal Grant (Stimulus) $10,200,000 $10,200,000 $10,200,000

STP Federal Grant* $9,261,022 $215,520 $1,702,880 $7,342,622 $9,261,022

Developer Contribution** $2,000,000

Stimulus - OKI $1,500,000 $1,500,000 $1,500,000

Existing Federal Earmarks *** $1,037,062 $592,480 $444,600 $1,037,080

OKI Enhancement Grant**** $750,000 $750,000 $750,000

Budget Total Available $53,638,525

Total Federal $35,748,084 $7,308,000 $19,902,880 $8,537,222 $35,748,102 -$18 $1,036,800

Projected Local $17,890,441 $1,492,000 $10,397,120 $5,414,540 $17,303,660 $586,780 $259,200

Total Use $8,800,000 $30,300,000 $13,951,762 $53,051,762

*More STP available than considered in estimate of May 2010

*** Federal budget rescission reduced the dollars available in the earmarks/grants

** The Developer contribution is contingent upon exercise of a Future Phase Trigger Notice as specified in the MDA and will not be available

during construction. The Public Partie s will need to advance these funds.

Bid P k 12


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Bid Package 12Street Grid Pedestrian Improvements

Part one: ODOT Local Public Agency Agreement

(LPA) in place1. Traffic and Public Safety Technology2. Second Street/Transit Center Pedestrian Upgrade3. Freedom Way, Rosa Parks Street to Walnut Street4. Removal of Temporary Race Street, South of

Freedom Way

Part two:LPA ready for approval1. Suspension Bridge Approach Pedestrian Connection2. Riverwalk Trail3. Broadway/Pete Rose Way Pedestrian Connection


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Bid Package 12, Part 2Suspension Bridge Pedestrian Connection


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Before


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After

Bid P k 2 P 2


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Bid Package 12, Part 2Riverwalk Joint Project with Cincinnati Parks

Bid P k 12 P 2


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Bid Package 12, Part 2Pedestrian Bridge, Stair and Staging Replacement


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QUESTIONS?

John F. Deatrick(513) [email protected]

http://www.thebankspublicpartnership.com

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