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Downtown's restaurant scene booming: Sit-down eateries grow even as economy sputters.(Cincinnati, Ohio)(Brief Article)(Statistical Data Included)
The number of sit-down restaurants downtown grew by 13 percent this year, fueled by hungry sports fans and theater crowds; downtown dwellers and business folk.
After three years of near stagnation, the number of downtown eateries surged in 2001, according to an informal annual survey conducted by economic development advocacy group Downtown Cincinnati Inc.
The overall count -- including everything from fast-food and ice cream counters to corner coffee bars - grew by 7. percent from 162 to 173. But business leaders and retail analysts are most impressed by the larger rise in the number of sit-down spots, which swelled from 72 to 81 this year and hit a level 25 percent above the 65 that were open five years ago.
The market is fattening despite lean times, both in the national economy and downtown development. Events such as the April riots and September tragedy hurt traffic and tourism. Yet while retailers such as Saks Fifth Avenue and Closson's threatened to pull out of the city without public subsidies, and bars in Over-the-Rhine scaled back hours, handfuls of restaurateurs were setting up shop.
"Any retail growth is very significant because that means entrepreneurs see enough good in this market that they are willing to invest And the fact that we have more restaurants makes downtown more and more of a destination;" said David Ginsburg, executive vice president of DCI.
A flurry of activity is punctuating the last weeks of the year, with one new menu appearing after another. The eateries are spread across downtown, from Shanghai Mama's on Sixth Street to Jordan Valley on Fourth Street. Some were much-hyped and anticipated, such as. Bella in its prime spot adjacent to the Aronoff Center. Others quietly set their tables, like Hamburger Mary's on Vine-Street near the library.
"This is really a function of downtown improving with more consumer residences ... and significant entertainment venues," said Chris Ohlinger, CEO of Highland Heights-based Service Industry Research Systems Inc., a retail research firm.
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