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12-21-2009 :: 3CDC Wins International Economic Development Council Award
For Immediate Release Contact: Erin Way, Media Relations
(202) 942-9474,
eway@iedconline.org
Cincinnati Center City Development Corp (3CDC) and HR&A
receive Award at economic development conference
Entities Recognized for Partnership Endeavor
Acknowledging the Cincinnati City Center Development Corporation (3CDC) and economic development consulting agency HR&A Advisors Inc. for their public-private partnership endeavor, the International Economic Development Council (IEDC) presented an award to the team at IEDC's Annual Conference, which took place in Reno, Nevada, October 4-7. 3CDC and HR&A were noticed for this achievement during an awards ceremony on Tuesday, October 6th.
"Furthering economic development is rarely a simple task in the best of times, and advancing the cause in the midst of a global financial crisis is nothing less than arduous," said Ian Bromley, IEDC chair. "As the consequences of the widespread economic turmoil have taken hold, we have seen our members become even more ardent proponents of economic development, flying in the face of one of the most challenging economic environments we have experienced in our careers. We proudly present this award to the Cincinnati City Center Development Corporation and HR&A for their superior work during these difficult times."
Competing in the category of Public-Private Partnerships by organizations serving areas with populations over 200,000, the 3CDC and HR&A team was a clear standout with Fountain Square: Public-Private Partnership for Downtown Revitalization. Established in the 1870s, Fountain Square is the traditional heart of Cincinnati. By the end of the 20th century, however, its poor design, lack of programming and insufficient management structure caused the square to be a void in the downtown area.
In 2004, 3CDC, in partnership with the City of Cincinnati, began a two-year, $49 million renovation for Fountain Square. Outdated skywalls were removed, new granite pavers and new planting beds were laid, the Tyler Davidson Fountain was moved to the heart of the plaza, and major improvements were made to the 635-space underground parking garage. Moreover, 3CDC and the City entered into a public-private partnership agreement for the ongoing programming and maintenance of this rejuvenated city center.
The International Economic Development Council (IEDC) is headquartered in Washington, DC. Its mission is to provide leadership and excellence in economic development for communities, members and partners. IEDC's professional economic development awards annually recognize excellence in the economic development profession.
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