tax-increment financing

Historic Carriage Co. project in Ohio City advances

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A slew of construction permit applications were submitted to the Cleveland Building Department last week for the redevelopment of the former Voss Industries plant, 2168 W. 25th St., in Cleveland’s Ohio City neighborhood. This $63.4 million project along with a planned bus rapid transit corridor on West 25th promises to expand the vibrancy of the Market District farther south.

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North Coast development authority launched

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With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development Corp. (NCWDC) and its chair, David Gilbert, CEO of Destination Cleveland and the Greater Cleveland Sports Commission.

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Voss factory conversion comes into focus

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Legislation was introduced this week by several Cleveland City Council members to help finance the conversion of the abandoned Voss Industries plant, 2168 W. 25th St., in Cleveland’s Ohio City neighborhood into a mixed-use complex. The projected price tag to carry out the redo is at least $62 million. While the property’s owner and developer MRN Ltd. has been kicking around various ideas for reusing the property for the last couple of years, none of those concepts have advanced as far as this stage of nailing down its financing for a specific program.

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