Trending development, economic & real estate news
Downtown property owner penalized for tax credit ‘double-dipping’
A U.S. Tax Court judge in Washington D.C. has agreed with the Internal Revenue Service (IRS) in disallowing a $22.6 million tax deduction claimed by Corning Place Ohio, LLC for not building a 34-story vertical addition on top of its 19th-century Garfield Building, 1965 E. 6th St., in…
A strategic perspective of the Cleveland Browns Stadium
The Cleveland Browns have long been a cornerstone of Greater Cleveland, symbolizing community pride and excitement, and contributing to the local economy and cultural identity. While the current debate around the Browns’ future stadium is heavily focused on facility location and financial issues, it is crucial to recognize…
Ohio City hotel development revealed
A successful business finds an unmet need in a market and fills it. According to Places Development founder and Managing Principal Dan Whalen, the lack of a hotel west of Downtown Cleveland to near Hopkins International Airport is just such a gap in the market. To fill that…
Downtown Cleveland Inc. takes over management of Public Square
Cleveland City Council has passed legislation transferring the management, marketing and programming for Public Square to Downtown Cleveland, Inc., effective upon Mayor Justin Bibb’s signature. This transition underscores Downtown Cleveland’s ongoing commitment to revitalizing the core and builds on the organization’s recent successes in securing significant funding for…
Glenville-Collinwood site may finally get new life
It’s a factory name that conjures thoughts from classic Road Runner cartoons. But few are laughing from the enduring health and economic burdens that the long-closed National Acme plant, 170 E. 131st St., is having on Cleveland’s East Glenville and Collinwood residents. Once one of Cleveland’s largest blue…
Cuyahoga Land Bank appoints León interim prez
At an emergency meeting held yesterday, Cuyahoga Land Bank’s board of directors appointed Ricardo León as interim president of the organization after the sudden passing of its longtime leader and founder Gus Frangos last weekend.
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