Cincinnati Center City Development Corporation
Cincinnati Center City Development Corporation (3CDC) is a private, non-profit real-estate development and finance organization focused on strategically revitalizing Cincinnati's downtown urban core in partnership with the City of Cincinnati and the Cincinnati corporate community. Its work is specifically focused on the central business district and in the Over-the-Rhine (OTR) neighborhood. The organization is widely credited with revitalizing OTR, which a decade ago was considered one of the most dangerous neighborhoods in the United States. While the organization began as a full-service real estate developer, it has since branched out and become a significant event programmer in Cincinnati, producing over 1,000 events per year at the four civic spaces it manages -- Fountain Square, Washington Park, Ziegler Park and Memorial Hall.
|Founded||2003 in Cincinnati, Ohio|
|Founder||Cincinnati's corporate leaders|
In July 2003, 3CDC was formed by former mayor of Cincinnati, Charlie Luken and other corporate community members. This was a result of a recommendation by a City of Cincinnati Economic Development Task Force. Most funds are gathered through corporate contributions. In 2004, 3CDC accepted responsibility for overseeing Cincinnati New Markets Fund and Cincinnati Equity Fund. Today those funds total over $250 million and have resulted in over $1.3 billion invested in downtown and Over-the-Rhine real estate projects.
- Woodard, Colin. "How Cincinnati Salvaged the Nation's Most Dangerous Neighborhood". POLITICO Magazine. Retrieved 2019-01-01.
- "How 3CDC built a local events empire". Cincinnati.com. Retrieved 2019-01-01.
- www.bizjournals.com https://www.bizjournals.com/cincinnati/news/2018/05/18/3cdc-shifting-its-mission-in-downtown-cincinnati.html. Retrieved 2019-01-01. Missing or empty