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NEOtrans business, development, real estate, construction and market trend news from Ohio

Mayor Bibb’s offer to Browns may be last-ditch effort

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Cleveland Mayor Justin Bibb sent a letter today to Jimmy and Dee Haslam, owners of the Cleveland Browns, urging them to stay in Downtown Cleveland. Bibb also publicized the city’s $461 million contribution to renovate Cleveland Browns Stadium to show to the public that the city has made a strong financial offer to the National Football League team. But that might not be enough to keep the Browns at the deteriorating lakefront stadium.

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Cleveland, other climate havens win Bloomberg bucks

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Cleveland was selected today by Bloomberg Philanthropies as one of 25 U.S. cities to join Bloomberg American Sustainable Cities (BASC) and be the recipient of $200 million divided roughly equally among them. BASC is a three-year initiative designed to leverage historic levels of federal funding to incubate and implement transformative local solutions to build low-carbon, resilient, and economically thriving communities.

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Port of Cleveland OKs $32M in site upgrades

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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.

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Cleveland, Berea construction firms unite

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The Albert M. Higley Co., a Cleveland-based provider of construction contracting services since 1925, announced today it has merged operations with T. Allen Incorporated of Berea. The parties said that they consider this to be a strategic union which marks a pivotal moment, consolidating two esteemed companies into a formidable force within the carpentry industry.

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One of Cleveland’s largest lakefront sites is now in play

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Turns out the sale of a large Cleveland lakefront property could be good news for a more livable shoreline, after all. The 62-acre former Lake Shore Power Station site just east of Downtown Cleveland, along with the 167-acre Eastlake power plant property and another in Oregon, OH near Toledo were sold last month by Energy Harbor Generation LLC of Akron to a firm that specializes in cleaning up and redeveloping former coal-fired power plant sites.

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