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 es/default/files/budget-detail-feb2012.pdf 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 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: c-inclusion-feb2012.pdf c-inclusion-feb2012.pdf. Bid Package No. ODOT DBE Goal Contractor Commitment Actual DBE Participation 94%4.9%2.8% 118%8.4%7.6% f

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 Cincinnati- Middletown MSA Local residency analysis 1,406 workers (through 12/25/11) Tri-State97.7% Cincinnati-Middletown MSA77% Hamilton County25.5% City of Cincinnati 9.2% There are no local residency participation goals. Economic Inclusion

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

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. es/default/files/media-summary.pdf

Progress: February 2012 For more information: John F. Deatrick The Banks Project Executive (513)