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Newport, KY: Newport on the Levee: Development and News

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> As unrealistic as the plan was,

 

It was as unrealistic as our 2012 Olympic bid, which also had real meetings, real reports, etc.  The tower was part of a hail mary attempt to lure a truly big tenant across the river, and it never happened.  It's obvious at this point that the plot of the 90s was dependent upon establishing a critical mass that truly rivaled Cincinnati as the region's business and entertainment center.  The flaw in the plan is that the tenants at Rivercenter I and II were vulnerable to moving to cheap DT Cincinnati office space after QC Square (or other unbuilt large towers) took prime tenants away from existing DT office towers.  Plus, The Banks was barely on the drawing board when Newport on the Levee was actually under construction. 

 

NKY threw down all of its cards, Cincinnati still had many moves it could make.  Long-term Cincinnati still holds control, since we have the influence to control how the BSB project pans out, can permanently prevent a subway tunnel from being dug under the river in such a way as to locate a station in prime Covington riverfront territory, etc. 

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"permanently prevent a subway tunnel from being dug under the river in such a way as to locate a station in prime Covington riverfront territory"

 

We totally need something like PANYNJ. PATO train FTW.

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>"permanently prevent a subway tunnel from being dug under the river in such a way as to locate a station in prime Covington riverfront territory" We totally need something like PANYNJ. PATO train FTW.

 

 

Won't happen.  A big reason why light rail of any kind hasn't happened in Cincinnati is because it threatens to re-arrange property values, especially Class A office space.  The big wigs in this city only want towers in a few blocks of the downtown area.  They completely control that area and act tirelessly to prevent any and all competition from appearing.  A light rail subway coming down from UC would inevitably have a station at Central Parkway, and suddenly CP not only becomes a viable location for skycrapers, it's one stop closer to the rest of nearly all the city. 

 

I don't think the big cats sweated the Covington towers too bad because they knew that in its current form Covington can never really rival DT Cincinnati in the way that Central Parkway can.  It could become a formidable competitor if a first-class subway station was located right there where the parking lot is between the convention center, the towers, and the Ascent.  In the 90s at least, with Delta still on the rise at CVG, Covington was one stop closer to the airport. 

 

I am skeptical that a subway tunnel will ever be dug directly between DT Cincinnati and DT Covington for these reasons, even though it makes so much goddamn sense. 

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^And a subway tunnel implies a regional transit network, which is a huge hurdle as well.  We've seen how much trouble a simple streetcar loop stirred up, and that's just with one city.  Imagine the hornet's nest that building a system touching 4+ counties would be.

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Levee seeks 3-year extension on tax-break incentives

Development: We need time to meet competition

Dec. 15, 2013 

Written by Amanda Van Benschoten

 

More than a decade ago, state tax breaks allowed developers to complete construction of Newport on the Levee, the 400,000-square-foot entertainment complex on the southern shore of the Ohio River.

 

Now, the Levee says an extension of those tax breaks is needed to breathe new life into the facility and compete with a slew of new entertainment options along Cincinnati’s riverfront.

 

http://nky.cincinnati.com/article/AB/20131215/NEWS0103/312150018/Levee-seeks-3-year-extension-tax-break-incentives?odyssey=mod|newswell|img|FRONTPAGE|p

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> As unrealistic as the plan was,

 

It was as unrealistic as our 2012 Olympic bid, which also had real meetings, real reports, etc.  The tower was part of a hail mary attempt to lure a truly big tenant across the river, and it never happened.  It's obvious at this point that the plot of the 90s was dependent upon establishing a critical mass that truly rivaled Cincinnati as the region's business and entertainment center.  The flaw in the plan is that the tenants at Rivercenter I and II were vulnerable to moving to cheap DT Cincinnati office space after QC Square (or other unbuilt large towers) took prime tenants away from existing DT office towers.  Plus, The Banks was barely on the drawing board when Newport on the Levee was actually under construction. 

 

NKY threw down all of its cards, Cincinnati still had many moves it could make.  Long-term Cincinnati still holds control, since we have the influence to control how the BSB project pans out, can permanently prevent a subway tunnel from being dug under the river in such a way as to locate a station in prime Covington riverfront territory, etc. 

 

Jake, I don't think it was as much of an "us" against them argument for the office towers on Rivercenter. I agree with your assessment that NKY tried to make a run as the entertainment destination with NOTL and the Rivercenter barges and such. However, the Covington Towers were more a response to business desire and better tax structure that existed at the time in Kentucky vs Ohio. The reason why the towers have a lot of vacant space has more to do with the fact that the KY legislature changed the tax structure and Ohio developed a more favorable tax structure  to lure these tenants back (i.e. Neilsen and Omnicare). If QC square was not built, these companies would still be back in Ohio, they just may have been in other spaces or in Norwood.

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^Low-key, that would work.  Dick's Last Resort, Wet Willies, ZAXBY'S!!!, etc would be a very popular destination with certain crowds. 


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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^Low-key, that would work.  Dick's Last Resort, Wet Willies, ZAXBY'S!!!, etc would be a very popular destination with certain crowds. 

 

Never been to the other two, but I'd love to see a Zaxby's in Newport.

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We should also throw in a Dixie Stampede!!! LOL!!!


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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^Low-key, that would work.  Dick's Last Resort, Wet Willies, ZAXBY'S!!!, etc would be a very popular destination with certain crowds. 

 

It would be a good way to not directly compete w/ the Banks, and maintain relevance while the other side of the river is booming. A bit of a "blue ocean" tactic. And it would make the anti-urban aspects of NPOTL less relevant, since I don't think the target crowd cares as much about urban design (or so the Sunbelt would have me believe). It would almost make the sh!tty design a feature, lending to its southern authenticity, rather than a bug. (Almost.)

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That way everybody in the Tri-State can drink beer out of a cowboy boot glass like I do!

 

Ever wanted to star in a viral video? Make a cowboy version of the "Das Boot" ad.

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TKILTBAG might find that the rent is better at Newport on the Mason-Dixon.

 

I actually had something about them poaching TKILTBAG in my first post on the topic, but removed it before publishing. It might be a good idea, though it also makes sense to have a venue at the Banks explicitly appealing to sports fans from Real America.

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^Low-key, that would work.  Dick's Last Resort, Wet Willies, ZAXBY'S!!!, etc would be a very popular destination with certain crowds. 

 

Never been to the other two, but I'd love to see a Zaxby's in Newport.

 

Zaxby's is great - Raisin' Canes is even better, though, and has a bit more of that Southern theme.

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I keep thinking that this thread is being updated with news of NOTL adding a hotel and/or apartments.  They were supposed to make an announcement regarding that in late 2013.  I think they're waiting on that tax break extension, but adding a hotel and residential is exactly what NOTL needs.

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Hotel in works for Newport on the Levee

Staff Cincinnati Business Courier

 

A six-story hotel is in the works for the expansion of Newport on the Levee, WCPO reports.

 

Musselman Hotels LLC has applied for a rebate of up to $8.3 million in sales taxes over 10 years from the Kentucky Toursm Department Finance Authority for the $33.1 million project.

 

The request will be considered at a meeting in Frankfort on Wednesday, but final approval could take six to eight weeks.

 

http://www.bizjournals.com/cincinnati/morning_call/2014/01/hotel-in-works-for-newport-on-the-levee.html

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Hotel in works for Newport on the Levee

Staff Cincinnati Business Courier

 

A six-story hotel is in the works for the expansion of Newport on the Levee, WCPO reports.

 

Musselman Hotels LLC has applied for a rebate of up to $8.3 million in sales taxes over 10 years from the Kentucky Toursm Department Finance Authority for the $33.1 million project.

 

The request will be considered at a meeting in Frankfort on Wednesday, but final approval could take six to eight weeks.

 

http://www.bizjournals.com/cincinnati/morning_call/2014/01/hotel-in-works-for-newport-on-the-levee.html

 

Would have preferred to read that a six-story hotel is going into The Banks instead.

 

What's the holdup there?

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Great that this hotel is going in, but I thought that it might've been a different type of mixed use project.  Apartments are still planned and I thought the hotel and apartments would've been one building instead of two smaller ones. 

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Looks like NOTL is making a lot of good moves!

 

Possibly re-positioning itself as the more family-friendly alternative to the Banks? Wouldn't be a bad idea given the Aquarium is right there.

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Newport on the Levee hotel project gets $8M

Staff Cincinnati Business Courier

 

The planned hotel development near Newport on the Levee has been approved for $8 million in tax incentives, the Enquirer reports.

 

Louisville-based developer Musselman Hotels LLC received approval for the tax incentives from the Kentucky Tourism Development Finance Authority on Wednesday. The company is expected to create a $33 million, 150-room hotel across from Hofbrauhaus as well as another project in Frankfort using the funding.

 

http://www.bizjournals.com/cincinnati/morning_call/2014/04/newport-on-the-levee-hotel-project-gets-8m.html

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I'd rather see apartments go there, but this is still a good boost. One of the biggest problems with NOTL is that there is no good hotel within walking distance. The Travelodge is a hooker haven and while affordable, is well past its prime.

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Hotel in works for Newport on the Levee

Staff Cincinnati Business Courier

 

A six-story hotel is in the works for the expansion of Newport on the Levee, WCPO reports.

 

Musselman Hotels LLC has applied for a rebate of up to $8.3 million in sales taxes over 10 years from the Kentucky Toursm Department Finance Authority for the $33.1 million project.

 

The request will be considered at a meeting in Frankfort on Wednesday, but final approval could take six to eight weeks.

 

http://www.bizjournals.com/cincinnati/morning_call/2014/01/hotel-in-works-for-newport-on-the-levee.html

 

Would have preferred to read that a six-story hotel is going into The Banks instead.

 

What's the holdup there?

 

Footprint size at Banks would require a Hotel to X amount of stories tall (to be profitable # of rooms) but Mikey Boy doesn't want a

building of a certain height there.

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i'm not sure mike brown has much/any control over the hotel site planned for "the banks" phase 1(c or d?) directly adjacent to gabp - be it height or anything else. and i do believe there was a 10+ story hotel supposed to be built on that site should an operator ever be found. now were they to attempt to put a hotel closer to pbs - i think he does have air rights over there, and would probably let his opinion be known.

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I'd rather see apartments go there, but this is still a good boost. One of the biggest problems with NOTL is that there is no good hotel within walking distance. The Travelodge is a hooker haven and while affordable, is well past its prime.

 

From the article:

 

According to plans submitted to the state, construction on the project would begin in the summer, and the hotel would open in fall 2015. It’s part of a larger expansion planned for the mixed-use entertainment center, which includes the addition of an apartment development.

 

Probably not right away, but soon.  Sounds like good news for NOTL.

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Apartments planned next to Newport on the Levee

 

The developer of the Vue 180 apartments took six months to sell out all 93 units along Newport's riverfront this spring.

 

That's why the same developer, Capital Investment Group, is looking a few hundred feet upriver adjacent to Newport on the Levee to build another 230 upscale apartments.

 

The five-story apartment complex will go alongside an already-planned hotel on the parking lot next to the Levee and across from the Hofbrauhaus.

 

Cont


"It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton

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Apartments planned next to Newport on the Levee

 

The developer of the Vue 180 apartments took six months to sell out all 93 units along Newport's riverfront this spring.

 

That's why the same developer, Capital Investment Group, is looking a few hundred feet upriver adjacent to Newport on the Levee to build another 230 upscale apartments.

 

The five-story apartment complex will go alongside an already-planned hotel on the parking lot next to the Levee and across from the Hofbrauhaus.

 

Cont

 

The Hotel and Apartment building would be good for the Levee and Newport. Where I live on the River in Covington I can tell you that

The Marriott and DoubleTree Suites is really busy on Reds weekends in Covington. All of the parking here fills up and everyone

walks over Roebling to the Stadium. The Southbank Shuttle was a live saver when it was cold and I wanted to hit Downtown.

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Not as awful as Current at the Banks, but wouldn't you think they would want more height in that location?  The lower floors will be staring at a flood wall.  Why not take full advantage of the amazing views?

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