sir2gees

The Q is used 300 nights a year...helped Cleveland land the RNC. The renovation is not just about the Cavs, it's about a 23 year old arena that needs to be updated to stay competitive. I don't think anybody was worried about the Cavs leaving. The Reds may be pulling their weight, but the Paul Brown Stadium may be the worst public financing deal in the country. I read somewhere by the time Bengals lease is up, the county will have spent over a billion dollars to keep the Bengals in town.

It was free...pretty busy, but we found a seat.

Watched the Air Show with my son from 32nd floor of the Hilton...awesome experience.

^Agree...

^100 million in future taxes that may never happen. I'm 36 and that lot has been a parking lot my entire life. Stark owns the lot, he could sit on that lot indefinitely collecting revenue from parking. The district would lose 18 million if that happens. That's something we can actually quantify.

Am I missing something here? What does the district lose? Possible revenue if something is built in the future without the special TIFF. If the TIFF isn't approved and Stark doesn't build anything the district potentially losses 18 million in up front money. Stark owns the land so there's a good chance nothing gets built there for a long time. I guess Stark could reduce the size of the project to get financing without the special TIFF.

What grand measures are being taken? We're essentially talking a about tax abatement which is done all over the country.

Just got back from Toronto, a really safe city, my wife and I were constantly asked for money and followed. One guy, clearly mentally ill, lunged at me. I usually ignore it...sometimes I'll start a conversation with the person. I'm 6'1 240...I have to remember a lot of people don't feel the way I do when they are approached by panhandlers.

Lol...I have no sympathy for Spanos.

^I guess it's a matter of opinion, but I've lived in Columbus for 12 years and I don't find it all that different than the other 2C's. Yes, it's a little younger, but in terms of being more modern or foward, I just don't see the difference. Maybe it's just me.

What does LeBron expect? The Cavs are capped out with no assets. We all knew this was coming.

So we should say no to this development until the market demands a more vertical approach?

Cleveland is segregated based on the migration patterns from 60+ years ago. African-Americans moving north didn't have the ability to choose where they lived. Redlining/racism prevented them moving into certain neighborhoods, so they settled on the east side. Things just continued from there. Most of the northern industrial cities that experienced mass African-American migration are on the most segregated cities list.

I get some of your points and they are valid but the only place my wife has been called the n-word to her face was in the Arena District in Columbus. Black people in Columbus avoid the Arena District because of the overt racism. My brother went to OSU and had a lot of issues on campus. Every city has these weird racial quirks and hypocrisies.

I heard this weekend from a Sherwin-Williams employee they are building downtown and they understand to attract talent they need to be downtown. Again, just a rumor I heard.

Sherwin-Williams wins U.S. antitrust approval to buy Valspar: FTC Paint-maker Sherwin-Williams (SHW.N) has won U.S. antitrust approval to buy U.S. rival Valspar Corp (VAL.N), the Federal Trade Commission said on Friday. To gain antitrust approval, the FTC required the companies to sell Valspar’s North America Industrial Wood Coatings Business, which makes stains, sealants and other products used for kitchen cabinets and other goods. The FTC, which valued the deal at $11.3 billion, said that the asset sale was needed because just three companies currently make the wood stains and sealants. A merger of two of them, Sherwin-Williams and Valspar, could lead to higher prices for the products. https://www.google.com/amp/mobile.reuters.com/article/amp/idUSKBN18M263

Cleveland's western rim embarks on development boom $350 million in projects are being built or proposed along stretch between West 25th and 117th streets Suave Peter Galvin, who retired a decade ago after a 50-year career in the Cleveland real estate business, organizes trolley tours for friends and professional colleagues of the city of Cleveland. He just added a new leg to the University Circle and downtown Cleveland circuit: the western rim of Cleveland from Ohio City to the Detroit Shoreway neighborhood. "Real estate is on fire over there," said Galvin, whose late father built what's now known as The Sphere apartments downtown. http://www.crainscleveland.com/article/20170507/NEWS/170509850/clevelands-western-rim-embarks-on-development-boom

^Agree...no comparison.

Sale of a Valspar Corp. unit is expected to clear the way for deal with Sherwin-Williams Co. The Sherwin-Williams Co. (NYSE: SHW) of Cleveland and Minneapolis-based Valspar Corp. (NYSE: VAL) have made a move to appease federal regulators and clear the way for approval of their pending $11.3 billion combination. The companies on Wednesday morning, April 12, announced in a news release they have agreed to sell assets of Valspar's North American Industrial Wood Coatings business to Philadelphia-based Axalta Coating Systems for $420 million in cash. http://www.crainscleveland.com/article/20170412/NEWS/170419937/sale-of-a-valspar-corp-unit-is-expected-to-clear-the-way-for-deal

327, I'm not saying there aren't things we can't learn from Pittsburgh, I'm saying there are multiple reasons why things develop differently. Pittsburgh is still losing people. The Pittsburgh MSA is losing population and Western PA has an older population than Northeast Ohio. Yes, the city of Pittsburgh is more "lively" than Cleveland. Some of that's policy. Some of that is demographics. Pittsburgh's steel mills were outside of the city. All those steel towns along the river are bombed out now. They look like East Cleveland. Pittsburgh never experienced the amount of "white flight" Detroit or Cleveland experienced. Pittsburgh didn't have riots in the mid to late 60's that increased white flight to the suburbs. You would be amazed how topography separates neighborhoods there. Those hills are like walls...crime doesn't spill over as easy from rough neighborhoods. Oakland (Pitt) and the Hill District (really rough area) abut each other but they feel miles apart. This helped preserve neighborhoods. Again, we can learn some things from Pittsburgh, but Pittsburgh has some natural advantages that helped it maintain vitality.

Let's not get into a Pittsburgh vs. Cleveland debate. I went to Pitt. My wife is from Pittsburgh. There are so many reasons why the two cities are different. Topography, demographics, economics, suburban sprawl patterns...

What should be done? We have this conversation every time these numbers come out. What are some strategies? How do we capitalize on our current strengths like healthcare? There have been some postives changes in demographics over the past few years. The region has picked up more educated workers. We have become a hub for Healthcare. How do we build on that?

^^I don't disagree, but we didn't start moving on from manufacturing until what 10-15 years ago? We have moved on. I wish we would have done it 20-30 years earlier.

A region built on blue collar work will face strong headwinds until those blue collar jobs stabilize. It feels the region adds 5000 new white collar jobs loses 4000 manufacturing jobs. Eventually, the economy should right-size itself.

I like stories like this. We need more of this. Slowly but surely the regional economy is evolving. NEO sons come home to help fuel CLE's tech economy A year ago, Chad Supers was running sales for a "baby startup" out of his San Francisco apartment. Today, the Elyria native is back home to help integrate the now fast-growing company into Cleveland's emerging tech economy. Growbots, a Silicon Valley sales software firm, recently opened its national sales operations office in the Tenk Machine and Tool building on the West Bank of the Flats. The company builds outbound sales platforms for nearly 500 emerging B2B companies in the U.S., Europe and Canada, raising $4 million in annual recurring revenue. Growbots has four employees stationed at its West Bank office, among them former Phenom co-founder Mike Eppich. Supers says the Cleveland firm is prepared to bring on another two dozen sales and administrative roles by the end of 2017."In Cleveland we know we can get people who are hungry, hard-working and have the right attitude," Supers says. Company leaders housed in Growbots' two other locations — Warsaw, Poland, and San Francisco — chose Cleveland for a potent talent base that's far less expensive to train and hire than the employee pools on the coasts. http://www.freshwatercleveland.com/innovationnews/GrowBots032017.aspx