Cleveland Hopkins International Airport

Burke Airport closure studies released by city

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Two reports laying out the steps for potentially closing Burke Lakefront Airport in Downtown Cleveland were released today by Cleveland Mayor Justin Bibb’s Administration. While Bibb said the reports show there are more benefits to closing Burke than costs, he and other city officials caution that no decision has been made to close the airport, so no steps have been started in that direction yet.

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Browns acquire, razing last house for big Berea project

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Today, the Berea Planning Commission is expected to approve the demolition of a house that’s the final structure to be cleared for a $221 million mixed-use development planned by the Cleveland Browns and majority owner the Haslam Sports Group. That last house sold for a premium compared to the 43 other single-family homes plus other properties parcels that were acquired for the 38-acre development site.

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Browns stadium likely going to Brook Park, if…

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NEOtrans has learned that the Cleveland Browns and their owners, the Haslam Sports Group, want several things from their stadium over the next 30 years that the City of Cleveland appears unwilling to give them. That includes a dome that adds another $1 billion-plus to the stadium’s cost and control over revenues from parking and a ballpark village development.

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More international flights arriving Cleveland

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Joined by Cleveland airport officials, Frontier Airlines today announced that it will be starting nonstop flights to Montego Bay, Jamaica in March with an introductory low fare. The new, direct flight is the first new international flight from Cleveland Hopkins International Airport resulting from its new crew base there. But it may not be the last.

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Reynolds enters Midwest market with local buy

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In a move that expands its portfolio westward into a new market, East Coast-based Reynolds Asset Management, with financing provided in partnership with Northwest Bank, announced it has closed on the acquisition of a 125-unit multifamily apartment complex in the Greater Cleveland area. It is Reynolds’ first real estate asset acquisition in the Midwest and the first of more deals it is seeking in the Cleveland-area market.

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Blue Abyss may build $250m research center here

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A British company, Blue Abyss Diving Ltd., is pursuing the development of a new research center devoted to deep sea and space research in the Cleveland suburb of Brook Park on land next to NASA Glenn Research Center. The project, with a total estimated price tag of $250 million, could be one of the most significant business investments resulting from the presence of the NASA facility. It could also be nearly identical to a major research center Blue Abyss is building in the United Kingdom county of Cornwall.

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