Trending development, economic & real estate news

City seeks future TIF funds for Riverfront work now

Mayor Justin Bibb’s administration is requesting an important amendment to the city’s riverfront tax increment financing (TIF) district that would do three things. One spells out exactly what infrastructure work would be done. A second would extend the 30-year TIF to 42 years. And the third and perhaps…
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Little Italy’s Singer Steel has new owner

Singer Steel on Random Road in Cleveland’s Little Italy has a new owner — a local real estate developer. But the property, used as covered parking, has a steady revenue stream even if it isn’t developed (Google). CLICK IMAGES TO ENLARGE THEM. Developer has no immediate plans for…

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Metroparks seeks funds to demolish Flats mill

Since the 1930s, the massive Grain Craft silos have been a familiar sight along the Cuyahoga River, on the Flats’ Columbus Road peninsula. But they may not be around much longer if a planned application for demolition and clean-up funds by the Cleveland Metroparks is successful.
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Goncalves: a Cliffs-USS HQ would be in Pittsburgh

The headquarters of steelmaker Cleveland-Cliffs could move from its namesake city to Pittsburgh if Cliffs is successful in acquiring US Steel, Cliffs CEO Lourenco Goncalves said. But a Cleveland City Hall source today said Mayor Justin Bibb spoke with Goncalves who reportedly reassured him that relocating Cliffs 1,000-plus…
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Ohio City building doesn’t survive the weekend

An historic building on Detroit Avenue in Cleveland’s Ohio City neighborhood was there when commuters on the adjacent West Shoreway went home on Friday evening for the weekend. When they went past the site this morning during their return to work, the building was gone.
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