NEOtrans business, development, real estate, construction and market trend news from Ohio
Cleveland City Council President Blaine Griffin confirmed this week that the city will invoke the state’s Modell Law to stop the Cleveland Browns from leaving the city for a new stadium site in suburban Brook Park. He also said the city and county are in a joint effort to keep the team playing its home games downtown with Cuyahoga County Executive Chris Ronayne leading the fight.
Read MoreCity to invoke Modell law against Browns move Read More »
In Cleveland, one east-side housing development and one west-side development are set to receive 4-percent Low Income Housing Tax Credits (LIHTC) from the Ohio Housing Finance Agency (OHFA). The agency announced that determination yesterday in a spreadsheet posted on its Web site. A third project won a $1.75 million OHFA loan, OHFA said in a written statement released today.
Read MoreProjects OK’d for affordable housing loan, credits Read More »
Two years before Gloria Gaynor released her 1978 smash hit “I Will Survive” about recovering from a breakup, she released another song titled “Let’s Make a Deal” — referring to a marriage. In the coming days and weeks, we’re likely to hear more about a similar plot line albeit in reverse involving the proposed new stadium in suburban Brook Park.
Read MoreA Browns stadium quid pro quo Read More »
The Port of Cleveland and the maritime-dependent industrial sector are showing resiliency and growth as an economic force in Northeast Ohio, according to a new study commissioned by the Ohio Department of Transportation (ODOT). The latest analysis reveals the port and maritime sector generates more than 23,000 jobs and over $7 billion in economic impact, a notable increase of $2.3 billion since 2021.
Read MoreCleveland maritime sector is big business Read More »
Yesterday morning, Cleveland Mayor Justin Bibb, Cuyahoga County Executive Chris Ronayne, Cuyahoga County Council President Pernel Jones Jr., Cleveland City Council President Blaine Griffin arrived at the monthly board meeting of the Greater Cleveland Partnership (GCP). There, they asked the 70-member board of the region’s corporate CEOs and presidents to side with them on where the Cleveland Browns should play their home games after 2028.
Read MoreHaslam email preempts City, County at stadium debate Read More »
There were 14 Cuyahoga County historic renovation projects that won a total of $16,267,141 in Ohio Historic Preservation Tax Credits today. Most of those projects would repurpose their 50-plus-year-old buildings for new uses so they can contribute to their communities for at least another 50 years. Some of the buildings are pretty well known.
Read MoreNE Ohio projects get historic wins from tax credits Read More »
The Haslam Sports Group, owners of the Cleveland Browns football team and stadium development company Primacy Development LLC, released findings today from a study saying the Haslam’s proposed stadium in suburban Brook Park would benefit all of Cuyahoga County, including Downtown Cleveland. But county officials say they want the Browns to continue playing downtown and aren’t buying the study’s findings.
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Without any visible activity in nearly two years, rumors circulated throughout Cleveland’s development community that the roughly $500 million Centennial redevelopment, 925 Euclid Ave. in Downtown Cleveland was dead. Similar rumors circulated about the fate of the Rockefeller Building, 614 W. Superior Ave., and renovations to Rhodes Tower, 2124 Chester Ave., one of the projects in Cleveland State University quieted development master plan.
Read MoreCentennial still alive, among Ohio Brownfield winners Read More »
One month ago, the Wisconsin Department of Transportation (WisDOT) won a $72.8 million federal grant to reroute freight train traffic south of the Menomonee River and away from Downtown Milwaukee. The project has many similarities to a local concept for rerouting most freight traffic south of Downtown Cleveland, away from the lakefront.
Read MoreLook to Milwaukee to rid lakefront of freight trains Read More »
The next phase of Bedrock’s Downtown Cleveland Riverfront development is proposed to feature a large, 17-story entertainment complex topped by a hotel. Dubbed Rock and Roll Land, it is the largest of seven Northeast Ohio projects and is seeking the largest award possible in the fourth and final authorized round of the Ohio Department of Development’s Transformation Mixed Use Development (TMUD) tax credits.
Read MoreDowntown Riverfront entertainment complex, Browns Berea site, others seek TMUDs Read More »
