NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Gov. Mike DeWine, Lt. Gov. Jon Husted and Ohio Department of Development Director Lydia Mihalik yesterday announced $750 million in funding is now available to assist communities with infrastructure costs to create project-ready economic development sites.
Read MoreState launches All Ohio Future Fund to support new development projects Read More »
NEOtrans’ scoop last week that the owners of the Cleveland Browns are reportedly buying a 176-acre parcel in suburban Brook Park led to a flurry of discussion about what that means since the sources didn’t say why. The most obvious speculation is that the land is for a new stadium venue for home games for the National Football League franchise. But that may be only partly true. Instead, one option is to apparently use it as part of a land trade for a stadium.
Read MoreHaslams keep options open for Brook Park site Read More »
New nonstop air service from Cleveland Hopkins International Airport (CLE) will be offered by Frontier Airlines to 10 additional destinations starting this May. Those destinations include New Orleans, Jacksonville, Houston, Myrtle Beach, Austin, Charleston, Savannah, Salt Lake City, Pensacola and Baltimore.
Read MoreCleveland getting 10 new nonstops from Frontier Airlines Read More »
Like many of Cleveland’s historic but vacant commercial buildings, the former American Gas Association (AGA) laboratory in Cleveland’s St. Clair-Superior neighborhood is about to get renovated for a new use. Unlike many other buildings, this one isn’t being converted into apartments. Instead, its new uses are intended to create long-term jobs and new businesses, especially among young women and minorities.
Read MoreCleveland AGA Building to fuel start-ups Read More »
Cleveland’s international water port took a significant stride this week toward the future as its board approved the allocation of $32.1 million in federal and state grants to help rehabilitate and modernize a key warehouse and upgrade electrical infrastructure at its General Cargo Terminal. This strategic move will ensure ongoing efficiency of port facilities and prepare the port for upcoming electrification efforts.
Read MorePort of Cleveland OKs $32M in site upgrades Read More »
A site in Cleveland’s Slavic Village that has hosted school facilities for the last 127 years could host a new use in the coming years depending on the response to a request for qualifications (RFQ) from prospective developers. That RFQ was issued this week by the city of Cleveland’s Department of Community Development, in partnership with the Cleveland Metropolitan School District (CMSD).
Read MoreCleveland seeks developers for Slavic Village school site Read More »
The owners of the Cleveland Browns football team have reached a purchase agreement to acquire a large piece of land in the Cleveland suburb of Brook Park, leading to speculation that the Browns could leave the city of Cleveland for the second time in its 78-year history.
Read MoreBrowns owners buying 176 acres in Brook Park Read More »
Out of eight Northeast Ohio development projects that applied for Transformational Mixed Use Development (TMUD) tax credits from the state, only two of them received the awards, the Ohio Department of Development announced today. This was the third year of the four-year TMUD program with $100 million available in TMUD tax credits each year.
Read MoreNE Ohio wins two transformational tax credits Read More »
Cleveland-based NRP Group, one of the nation’s top-10 largest developers and managers of multifamily housing, has a new executive to guide the company’s strong finances through some challenging market headwinds. The change in leadership comes as a result of the retirement of the company’s longtime top financial manager.
Read MoreCleveland-based NRP Group names new CFO Read More »
From Sherwin-Williams’ C-Suite executives to construction workers taking their lunch break, more rumblings continue to emerge about what may follow the completion of the global coatings giant’s new headquarters west of Downtown Cleveland’s Public Square. And as time goes on, the rumors about a follow-on headquarters project are getting more detailed.
Read MoreSherwin Williams: ‘didn’t build tall enough’ Read More »
