Originally Posted by cooperlamar
BTW, downtown is absolutely growing - it has been growing about 12% a year since 2009 - not sure any area should grow any quicker than that. It will likely increase over the next few years as the next phases of the Banks and condos in OTR emerge. My guess is that the casino will also significantly help Pendleton and the eastern portion of OTR. There has also been a 25% crime drop in the past 10 years.
Again, downtown Cincinnati is far from perfect but IMO it's much better than any downtown area in the region outside of Chicago.
I looked (for fun, not really seriously) at a few of the condos going up in downtown Cincinnati when I was living there in 2008. I would love to have lived there, but there were a few major problems.
They ranged in price from about $200-220K for a studio or a one-bedroom. That, to me, seemed incredibly high, particularly for two reasons: 1. Property taxes notwithstanding, housing in Cincinnati tends to be cheap compared to other urban areas. $200K will buy you a lot of house in much of the city. So it seemed silly to spend that much money on a studio apartment. 2. Public transporation is difficult in Cincinnati. On the weekends, the exact time a resident of downtown would want to get out, maybe, it would take hours to get anywhere on a bus. That's the reason, IMHO, that a comparison with a city like Chicago can't be made. One of the major reasons one can usually afford a $200K condo downtown is because one saves a lot of money by not owning a car. That is not the case in Cincinnati.
At the time, too, there was little green space downtown, and not a single grocery store. I know the former has changed and maybe the latter has too. But you can't entice people to live downtown if they have to get in their cars and make a 20-minute drive every time they need to go to the grocery store, and you can't entice growing families to stay if they have to pay $220K for a one-bedroom and have really no choice to leave when their kids come along and they have nowhere to put them to sleep or take them to play. It seemed directly set up to appeal to young professionals, which is great, but all of those people who marry and have kids will eventually have to leave. I hope this has changed.