PROGRESS REPORT
FEBRUARY 2012
Published March 20, 2012
The Banks Project
Master Development Plan
3
Executive Summary
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
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
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/sit
es/default/files/budget-detail-feb2012.pdf
Summary: Developer
Carter-Dawson:
•Phase 1a residential is 99% leased
•Retail is 80% leased
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.
Economic Inclusion
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%
Economic Inclusion
Bid Package
No.
ODOT DBE
Goal
Contractor
Commitment
Actual DBE
Participation
9
4%
4.9%
2.8%
11
8%
8.4%
7.6%
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/economi
c-inclusion-feb2012.pdf
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 CincinnatiMiddletown 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.
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.
Cincinnati Parks
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.
Cincinnati Parks
Work South of Mehring Way
Cincinnati Parks
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/sit
es/default/files/media-summary.pdf
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