Cincinnati Center City Development Corporation
TypeNon-profit
Founded2003 in Cincinnati, Ohio
HeadquartersOver-the-Rhine
Key people
  • Stephen G. Leeper (President & CEO)
  • Adam Gelter (Executive VP, Development)
  • Tim Szilasi (Senior VP & CFO)
  • Christy Samad (Senior VP, Event Management)
Revenue
  • Decrease US$38,207,083 (2018)
  • US$59,987,941 (2017)
Total assets
  • Increase US$413,225,233 (2018)
  • US$349,748,267 (2017)
Number of employees
291 (2018)
Website3CDC.org
Footnotes
[1]

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 played the key role in revitalizing OTR, which during the early 2000s was considered one of the most dangerous neighborhoods in the United States.[2] 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[3] at the four civic spaces it manages: Fountain Square, Washington Park, Ziegler Park and Memorial Hall.

History

In 2001, the Over The Rhine Neighborhood experienced riots following the death of Timothy Thomas, a 19 year-old unarmed African American man at the hands of a police officer. This prompted the city to begin planning for a large scale redevelopment of the neighborhood via a 2002 neighborhood plan.[4] After this, in July 2003, 3CDC was formed by former mayor of Cincinnati, Charlie Luken and with backing from several corporations in Cincinnati such as Procter and Gamble.[5] 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. As of May 2018, those funds total over $250 million and have resulted in over $1.3 billion[6] invested in downtown and Over-the-Rhine real estate projects.

Controversy

Some long-term residents of the Over-the-Rhine neighborhood have voiced concern that 3CDC does not sufficiently attend to the concerns of long-term residents of the neighborhood, which was 75% African-American in 2000, and has since fallen to 42% in 2020. This has lead to claims of gentrification being caused by 3CDC's development and that it is displacing the existing population and businesses.[2] Since the year 2000, the population of Over-the-Rhine has also fallen from 6,400 to 5,200.

On three occasions, the Cincinnati Board of Housing Appeals has accused 3CDC of "demolition by neglect" (a first-degree misdemeanor in Cincinnati) by allowing vacant buildings to be neglected until they require emergency demolition.[7][8]

In April of 2026, the Cincinnati Parks Board voted to lease Piatt Park in Downtown Cincinnati for a proposed redevelopment. This was done without prior community engagement or knowledge on the proposal. The park weekly food serves lead by the local chapter of Food Not Bombs, which was called a "persistent misuse of the space" by 3CDC in their presentation to the Parks Board. Following this announcement, a petition was created by the Cincinnati DSA chapter to protest the planned redevelopment, along with calls for people to attend city hall and protest the change.[9] Additionally, the same day as the redevelopment was announced, 3CDC bought the Garfield Suites hotel, adjacent to Piatt Park.[10] As of October 2026, the redevelopment has stalled due to 3CDC not receiving grants from the state of Ohio.[11] The lease is set to terminate if redevelopment does not begin within 12 months of it's signing.

Projects

References

  1. ^ Tigas, Mike; Wei, Sisi; Schwencke, Ken; Roberts, Brandon; Glassford, Alec. "CINCINNATI CENTER CITY DEVELOPMENT CORPORATION – Form 990 for period ending Dec 2018 – Nonprofit Explorer". ProPublica. Retrieved 4 May 2020.
  2. ^ a b Woodard, Colin. "How Cincinnati Salvaged the Nation's Most Dangerous Neighborhood". POLITICO Magazine. Retrieved 2019-01-01.
  3. ^ "How 3CDC built a local events empire". Cincinnati.com. Retrieved 2019-01-01.
  4. ^ Mock, Sophie (2025). "A Case of Gentrification: Over-the-Rhine". University of Colorado Honors Journal. 2025.
  5. ^ "Our Story | The Evolution of 3CDC". 3CDC. Retrieved 2026-10-03.
  6. ^ "3CDC shifting its mission in downtown Cincinnati (Video)". Cincinnati Business Courier. 18 May 2018. Retrieved 4 May 2020.
  7. ^ May, Lucy (14 May 2013). "Cincinnati's 3CDC charged with 'demolition by neglect' in historic Over-the-Rhine". WCPO Cincinnati. Retrieved 14 April 2015.
  8. ^ "3CDC faces neglect accusations". Cincinnati Business Courier. 2013-05-14. Archived from the original on 2020-09-29. Retrieved 2020-09-29.
  9. ^ Swartsell, Nick; WVXU (2026-04-21). "Cincinnati's oldest public park could get a big makeover. That has some concerned". WVXU. Retrieved 2026-10-03.
  10. ^ WKRC (2026-04-17). "3CDC lands deal to buy former Garfield Suites Hotel, paving way for downtown overhaul". WKRC. Retrieved 2026-10-03.
  11. ^ Cooper, Kennedi (2026-07-16). "Piatt Park renovation on hold after 3CDC misses state tax credits". https://www.fox19.com. Retrieved 2026-10-03. {{cite web}}: External link in |website= (help)