NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
In the 1990s, the Greater Cleveland Regional Transit Authority was considering extending the Red Line into Berea. Planners touted the economic development potential of the rail line. So a group of elder Berea residents who apparently hadn’t ever ridden the Red Line before took a driving tour of the areas around some of the existing Red Line stations.
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Development of the largest shovel-ready industrial/warehousing sites in the City of Cleveland aren’t attracting much private-sector interest despite Cleveland’s low prices. Meanwhile, inner-ring suburbs offering large parcels that are almost shovel-ready are having greater success in drawing private sector interest and potentially thousands of jobs from significant planned developments.
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To anyone who follows real estate development news closely, you are allowed to be surprised by the scale and intensity of development occurring in the cores of our largest cities. And one of the biggest turnarounds anywhere in the USA is occurring in Cleveland.
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Sometime in the next 5-15 years, a remarkable event could occur. The first section of Interstate or interstate-quality highway will be abandoned somewhere in this country due to a lack of funds.
It will probably be a short, lightly used section of road with a decaying, expensive bridge in the middle of it. The highway department responsible for closing that section of road will try to minimize the significance of the event by calling it a temporary closure.
According to sources close to the proposed development, a major Transit Oriented Development in Cleveland’s University Circle district is due to be announced publicly in a matter of days. And it features components that are more grand than were suggested in prior massings and proposals.
Read MoreOur dear governor sure has lots of interesting things to say. For example, he said he wants Ohioans to get on his bus or he’ll run them over with it. …
Dear Gov. Kasich: building more highways isn’t cool Read More »
Read MoreBy Ken Prendergast    For metropolitan areas, how they emerge from recessions is a lot like how companies emerge from bankruptcies. Did they learn anything? Are they leaner and more efficient …
Cleveland may be jumping out of recession Read More »
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By Ken Prendergast Sometimes the best way to reveal how miserably underserved Ohio is when it comes to local, regional and intercity public transportation is to compare two similar cities …
A transportation tale of two cities and states Read More »
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