Construction permit applications were filed this week with the city of Cleveland’s Building Department so contractors can start digging and installing foundations for the first phase of Bedrock’s Downtown Riverfront development. That first phase is the Cleveland Clinic/Cleveland Cavaliers Global Peak Performance Center, touted as one of the world’s largest training facilities.
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City Planning Commission today voted unanimously to recommend that City Council approve a 45-year, project-specific tax-increment financing (TIF) deal with Bedrock Real Estate to generate $400 million for infrastructure to support Bedrock’s $3.5 billion riverfront development. This would create a second, albeit smaller TIF district downtown to support major waterfront and urban core improvements.
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Today, the Cleveland Cavaliers, Cleveland Clinic and Bedrock Real Estate revealed the first official renderings of the Cleveland Clinic Global Peak Performance Center. Pending city approvals, groundbreaking on the Cleveland Clinic Global Peak Performance Center is anticipated before the end of 2024.
Read MoreNew Downtown Cleveland Clinic, Cavs center to see groundbreaking by year’s end Read More »
