NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
If the rail and transit advocacy group All Aboard Ohio had designed proposed initiatives to help jump-start passenger rail development in the nations seventh-most populous state, they would likely look similar to the ones Amtrak is considering now, according to their press release.
Read MoreAmtrak considers new resources for new train services, including Ohio Read More »
A bill intended to provide significant capital to megaprojects in Ohio’s largest urban areas and lesser assistance to real estate developments in smaller communities has sped up and slowed down at various times over the past few years. Now, Substitute Senate Bill 39, the Transformational Mixed-Use Development (TMUD) tax credit, is back in the slow lane, awaiting two votes.
Read MoreMegaproject tax credit slowed by Primary, Larrys’ feud Read More »
AFTER THIS ARTICLE IS A LIST AND RANKING OF THE TALLEST BUILDINGS IN UNIVERSITY CIRCLE.
In a couple of years, the skyline of University Circle is going to look quite different. Not only will it be taller, but it will be more active at street level. And the economic and investment impact resulting from this booming district is spreading beyond the Euclid Avenue spine including into some long-troubled neighborhoods.
Read MoreUniversity Circle is becoming Cleveland’s “other downtown” again Read More »
When closet urban planners consider open land for development in Cleveland, their attention often is directed at Burke Lakefront Airport. That isn’t the only thing they direct at Burke. They also direct ridicule, scorn and even outright hatred for that 450-acre plot of former lakefront landfill that opened as an airport in 1948.
Read MoreBurke Lakefront Airport ready for take off Read More »
The Ohio House of Representatives’ Economic and Workforce Development Committee today could accept major changes to a bill designed to create a Transformational Mixed Use Development (TMUD) tax credit to kick-start real estate mega-projects.
Read MoreOhio mega-project bill gets more complex, more backers Read More »
In most years, Case Western Reserve University’s (CWRU) freshman classes get bigger. And each year, CWRU looks for ways to accommodate the growth of its enrollment that has surpassed 12,000, compared to 9,600 students in 2000. Their expansion options have involved building new dormitories as well as making it easier for more upperclassmen to live off campus.
Read MoreCWRU plans $72+ million dorm expansion, more coming Read More »
When it comes to describing Ohio’s economy, there’s the 3Cs and then there’s everyone else. With a few exceptions, if you want to find a job in Ohio, the best place to look is Ohio’s three largest metropolitan areas — Columbus, Cincinnati and Cleveland.
Consider that, since the start of 2015, Ohio has gained 227,000 jobs, according to the U.S. Bureau of Labor Statistics. The 3Cs accounted for 216,000 of those new jobs.
Read MoreOhio’s largest metros are carrying the state’s economy Read More »
The creation of two jobs can change a region in a significant way. Cases in point are two medically related positions — one that was just filled and the other that was recently advertised.
Yesterday, Cleveland State University (CSU) hired a new employee that will probably be a game changer for Cleveland and Northeast Ohio. It could ultimately lead to thousands of new jobs. Yes, thousands.
Read MoreTwo new jobs that could change Cleveland’s landscape forever Read More »
Legislation that would aid Ohio real estate megaprojects and create thousands of jobs could advance in the Ohio House of Representatives next month, according to a spokesman for State Rep. Paul Zeltwanger, chair of the House’s Workforce & Economic Development Committee.
Read MoreOhio real estate megaproject tax credit may advance in February Read More »
When John Knopfler and his spouse moved into their Tremont house where a large family had just moved out, each did what many are doing in Cleveland these days. They’re participating in the city’s Fifth Migration, bringing with it socio-economic changes unlike any experienced from the previous four migrations in the past 223 years.
Read MoreCleveland ended the decade with a boom, and it’s showing Read More »
