2024

State lawmakers support some stadium funding

A new multi-purpose stadium sought by the owners of the Cleveland Browns in suburban Brook Park appears to be growing legs thanks to a willingness by state lawmakers to fund a significant portion of the stadium’s construction costs. The biggest questions at this time are how much state funding may be forthcoming and will it make a big enough dent in the public sector side of the financial equation.

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Downtown’s 800 Superior for sale, big tenant leaving

Today, CBRE Cleveland announced that is listing the 23-story 800 Superior office tower in Downtown Cleveland for sale and said one of the property’s largest tenants, National General Insurance likely will not renew its lease at the building when it expires in two years. Meanwhile a spokesman for insurer AmTrust Financial, which is the building’s other large tenant, said it intends to stay at the building. Both companies have naming rights on the building.

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All GCRTA Blue Line stations in Shaker Heights to be rebuilt

The Greater Cleveland Regional Transit Authority (GCRTA) needed $16 million from the Federal Transit Administration (FTA) to rebuild eight of its stations in Shaker Heights along the light-rail Blue Line. Not only did GCRTA get the full $16 million, it got the money it needed on the first try. That’s a big win considering the FTA received nearly $1.1 billion in requests nationwide for the $343 million in stations funding available this year.

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Why aren’t the Browns buying this key piece of land?

On Cuyahoga County real estate parcel maps, a narrow strip of land owned by FirstEnergy knifes into the heart of a Brook Park site the owner of the Cleveland Browns football team reportedly wants for a possible new domed stadium. Despite its prominence on the map, no one in Cleveland media apparently has asked its owner if it has any agreements with anyone for its potential sale — until now.

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