Economic trends

Trending News in Northeast Ohio jobs, economy, labor, immigration, and population

Ohio City townhomes may be stalled into 2026

Eleven townhomes in various states of construction progress have been sitting idle since last fall and are becoming a worry to neighbors, based on social media posts and inquiries to NEOtrans. But based on court filings, further construction progress on the Equinox Townhomes, 1420 W. 48th St., in Cleveland’s Ohio City neighborhood may not happen for months.

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Cleveland offers lakefront stadium site to developers

Huntington Bank Field may not be located on Downtown Cleveland’s lakefront for much longer after a new, enclosed stadium is built in suburban Brook Park. If so, what should replace it? And who should do it? The answer to those questions will be the result of a request for qualifications (RFQ) issued by the city and its partners today.

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Cleveland developments to benefit from HB96

When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.

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Cleveland wins WNBA team, new downtown activity

Starting in May 2028, Cleveland’s new Womens National Basketball Association (WNBA) team will begin playing in Downtown Cleveland at Rocket Arena. The expansion team will play half of its 44-game schedule at home and, if attendance is at least near the league-wide average, will help soften the impact of the Cleveland Browns football team moving from downtown to suburban Brook Park the following year.

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Development near Edgewater Park revived

Three years ago, a team led by Beachwood-based Property Advisors Group (PAG) planned to build a large residential development at 8400 Lake Ave., overlooking Edgewater Park in Cleveland’s Detroit-Shoreway neighborhood. But with construction costs and interest rates rising, the timing wasn’t right. While costs are still high, the city’s new form-based zoning code may make a scaled-down project achievable and in a timely manner.

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