Is Madisonville becoming gentrified? Rising rents, taxes causing some to leave
Is Madisonville becoming gentrified? Rising rents, taxes causing some to leave
“You see the change in the neighborhood, you see the increased development, you see the increase in new housing.
It’s not a bad thing if it’s done correctly.
We have to make sure we do it correctly."
MAJOR DEVELOPMENTS AREHAPPENING IN MADISONVILLE.WITHSEVERAL HUNDRED APARTMENTUNITS PLANNED AND ADDITIONALRETAIL, THE NEIGHBORHOOD ISSEEING A BUILDING BOOM.BOOM.
BUT, WHAT'S THEIMPACT ON THE HISTORICNEIGHBORHOOD?
IN OURCONTINUING SERIES MOVE UPCINCINNATI - 9 ON YOUR SIDE'SLISA SMITH EXPLAINS WHY SOMETHINK MADISONVILLE IS BECOMINGGENTRIFIED.SOUNDS OF DEVELOPMENTAROUND MADISONVILLE.MADISONVILLE."The goal with that is tobring more residents to theneighborhood in part becausewe don't have a lot of retail."retail."MATT STRAUSS WITH THEMADISONVILLE COMMUNITY URBANREDEVELOPMENT CORPORATION SAYSTHIS PROJECT HAS BEEN IN THEWORKS FOR SEVERAL YEARS..
WITHCITY SUPPORT IT'S AT THECORNER OF MADISON AND WHETSEL.AND, A FEW BLOCKS AWAY,ANOTHER DEVELOPMENT IS PLANNEDAT MADISON AND STEWART..
WHERETHE STEWART HOUSE SITS.SITS."It's an important part ofMadisonville history, HamiltonCounty history, so we'd loveto see it shine again."again."WITH SKY9 YOU CAN SEE THELAND IS ALREADY CLEARED..
ANDALL THAT'S LEFT IS THEHISTORIC HOUSE.HOUSE."Things have been quiet for along time here and a lot ofpeople wondered why isMadisonville getting all ofthis attention all of a sudden."sudden.""This apartment building hereat the corner of Madison andWhetsel is the first of threephases, in this development.The building should be open ina few months.
But, not allresidents like what they're seeiseeing.""We didn't ask for 300 andsome odd apartments at thecorner of Madison and Whetsel."Whetsel."KATHY GARRISON HAS LIVEDIN MADISONVILLE FOR MORE THAN60 YEARS.SHE SAID THE CHANGESARE CHANGING THE COMMUNITY.COMMUNITY."We see people leaving, rentsare going up everyday.
So,people can't stay in apartments.apartments."Lisa: Are people leaving?Kate:People are leaving.leaving.KATE BOTOS IS PRESIDENT OFTHE MADISONVILLE COMMUNITYCOUNCIL.SHE SAYS RESIDENTSHAVE VALID CONCERNS.CONCERNS."People are selling becausethey can't afford theincreased property taxes.People are moving becausethey're getting displaced bytheir landlords due toincreased rents.
That's gentrifigentrification.""This is not what Madisonvilleis or was.
We've lost ourculture, we're losing thearchitect, the things thatmade us who we were in this commcommunity."COMMUNITY LEADERS SAYMADISONVILLE IS AN ATTRACTIVESPOT..
CLOSE TO I-71 AND LESSTHAN 15 MINUTES FROM DOWNTOWN.THEY JUST DON'T WANT GROWTHTO FORCE CURRENT RESIDENTS-- OUTOUT."We have to continue to makesure that our residents bothnew and old feel like they'rea part of this community."LS 9ON YOUR SIDESIDERESIDENTS ARE ALSO CONCERNEDABOUT INCREASED TRAFFIC ANDPARKING AROUND THEDEVELOPMENTS.YOU CAN READ MUCHMORE ABOUT THIS AND OTHER MOVEUP CINCINNATI STORIES ON OURWEBSITE.
