Ohio

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

Cuyahoga County cleans up with brownfield bucks

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The Cuyahoga County Land Reutilization Corp., known simply as the Cuyahoga Land Bank, has secured multiple funding awards from the Ohio Department of Development’s Brownfield Remediation Program for demolishing more than 1,100 structures, mostly blighted single-family homes in Cleveland and East Cleveland. But there are also multiple funding awards for cleaning up polluted industrial sites so they can be redeveloped for new housing and jobs.

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15 women investors back Cleveland’s NWSL bid

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Cleveland Soccer Group (CSG), which submitted a bid for Cleveland to be awarded a National Women’s Soccer League (NWSL) expansion team, announced today that it is being backed by a group of 15 local, influential businesswomen as investors. However, the money they have raised thus far has not be publicly disclosed. If successful, this would be Ohio’s first women’s professional soccer team.

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It’s Brook Park

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In the coming weeks, the owners of the Cleveland Browns will reveal their plans to build a $3.6 billion domed stadium and associated development in the Cleveland suburb of Brook Park. According to public sector sources familiar with the plans, owners Jimmy and Dee Haslam have their capital funding identified for the stadium and a small first phase of development.

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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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