NEOtrans business, development, real estate, construction and market trend news from Ohio
The Port of Cleveland today approved the issuance of more than $171 million in bonds and notes for four transformative projects, including the pivotal first new development in Bedrock’s Riverfront project along the Cuyahoga River and a major affordable housing renovation in downtown Cleveland, among other strategic initiatives.
Read MorePort OK’s $171M in financing for major projects Read More »
In a public record secured by NEOtrans, more details are coming to light about the owner of the Cleveland Browns, the Haslam Sports Group’s (HSG), proposed mixed-use development in suburban Berea. That includes specifications for the features in the new 500,000-square-foot development which will be built around a small, new sports stadium, dubbed a community field.
Read MoreBrowns’ Berea District 46 plans coming into focus Read More »
When the Haslam Sports Group, owners of the Cleveland Browns, yesterday announced their plans for a mixed-use development next to the football team’s suburban Berea headquarters, it was the result of a tentative deal with city officials and other project partners. A summary of that deal was since revealed by Berea Mayor Cyril Kleem in a social media post.
Read MoreFinancial details of Browns’ Berea development Read More »
The rumor mill of Cleveland sports is always turning. And lately it’s been turning out rumors that Cleveland has won the 16th franchise of the National Women’s Soccer League (NWSL). Others are dropping hints of this possibility while at the same time managing expectations.
Read MoreDowntown may shift from football to futbol Read More »
An obviously exasperated Cleveland Mayor Justin Bibb today claimed the owners of the Cleveland Browns football “abandoned” downtown for suburban Brook Park, in a move due to be announced by the team as early as tomorrow. But Cuyahoga County Executive Chris Ronayne said he wasn’t ready to concede defeat yet.
Read MoreBibb: Haslams, Browns ‘abandoned’ Cleveland Read More »
If you are heading south from Cleveland Hopkins International Airport on State Route 237, you might be able to catch a brief glimpse of where a nearly $3 billion modernization program for the airport’s terminal is about to begin. But most people probably won’t even notice the building or when the work starts on upgrading its interior.
Read MoreHopkins Airport’s first terminal project takes off Read More »
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.
Read MoreCWRU’s South Residential expansion stops Read More »
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.
Read MoreRealities behind Amtrak’s ‘new’ train to Florida Read More »
At least we now know what a Brook Park multi-purpose stadium would be called, if the owners of the Cleveland Browns football team decides to build it. While most terms of the naming rights deal were not disclosed by the Haslams Sports Group and their National Football League franchise, we do know that it will outlast the current stadium’s lease which ends after the 2028 football season.
Read MoreHuntington Bank Field name to outlive Browns’ current stadium lease Read More »
Developers looking to transform their Ohio communities can now apply for funding opportunities through the Ohio Department of Development’s Transformational Mixed-Use Development (TMUD) program that awards up to $100 million in tax credits per round.
Read MoreLast round of megaproject tax credits opens Read More »
