Greater Cleveland

NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area

George’s third billboard lands on Opportunity Corridor

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A George family-owned billboard that metastasized into three as a result of a 2023 court settlement has found its third and final landing spot in Cleveland. That third billboard site is a piece of a city-owned parcel on the Opportunity Corridor near Quincy Avenue that is unlikely to be developed with any other uses, according to a city official. Title to the land will be transferred to the Georges.

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CWRU’s South Residential expansion stops

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As Case Western Reserve University (CWRU) approaches its 200th anniversary, just two years away, the growing college has just one megaproject on its syllabus for Cleveland’s University Circle — the $300 million Interdisciplinary Science and Engineering Building. So CWRU’s bicentennial legacy is to do what it has often done — prudently build when it needs to, not when it wants to. Even so, news of what the university is not building may come as a surprise.

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Realities behind Amtrak’s ‘new’ train to Florida

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While Amtrak’s press release about the creation of a temporary Chicago-Florida passenger rail service through Cleveland touted it as an achievement, the reality behind it is actually quite different. According to several sources, the direct service is being implemented to rescue Amtrak from its own shortcomings — both internal and external.

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Metroparks, GCRTA to aid soccer stadium project

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In two different ways, two Greater Cleveland public-sector organizations are stepping up to support the Cleveland Soccer Group’s (CSG) effort to build a $150 million, 12,500-seat soccer stadium just southeast of Downtown Cleveland. Tomorrow, the Cleveland Metroparks’ board will vote on whether to acquire land for the stadium while the Greater Cleveland Regional Transit Authority (GCRTA) is pursuing an amendment to its long-range plan to add a rapid transit station to serve the stadium area.

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Burke Airport closure studies released by city

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Two reports laying out the steps for potentially closing Burke Lakefront Airport in Downtown Cleveland were released today by Cleveland Mayor Justin Bibb’s Administration. While Bibb said the reports show there are more benefits to closing Burke than costs, he and other city officials caution that no decision has been made to close the airport, so no steps have been started in that direction yet.

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Clinic’s megaprojects construction are on time

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Cleveland Clinic’s three major construction projects at its Main Campus near Cleveland’s University Circle are progressing on or close to schedule, according to a Clinic spokesperson. However, at this point, it appears that any follow-on projects at or near the Main Campus may not be happening for a while, according to two sources familiar with the Clinic’s capital planning.

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Port OKs $170M financing for major projects

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The Cleveland-Cuyahoga County Port Authority’s board of directors today approved $170 million in bond financing to fuel a series of high-impact projects, including a large redevelopment of land that contained a former Veterans Administration facility, a major manufacturing expansion, and refinancing bonds for a nonprofit school that will free up more resources for more renovations.

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