LlamaLawyer

Come out to the east side, KJP. The skies are always blue here!

Obviously urban living is way more popular for young people than middle aged people. I hope we can cultivate a positive, child-centered culture in dense urban areas, because that's how you stop people from fleeing to the exurbs for 1.5 acres and a big dog once they have kids. How positive an experience living downtown with a child is will greatly affect how well we can sustain downtown's growth. But that's all an aside-- To the point, companies don't locate where the 30-something employees want to be. They locate where the late 40s to 50s employees (i.e. tenured, senior, and often most productive people in the company) want to be. In about 20 years, when our generation is making all the decisions, I would expect corporate relocations to the inner city. If companies were forward thinking, they would do that now. But thinking 20 years in the future doesn't happen so well when your obligations are to a bunch of shareholders who are essentially (a) retirement funds for people who will be dead in 20 years, and (b) hedge funds managed by people who will be retired in 20 years.

I feel like I run into a British person every other week, so there would (I would think) be decent demand.

Sounds like a great opportunity for Columbus. It's a neat 30-minute commute from downtown. 20 minutes from Easton. If Licking County won't build housing for these people, it's their loss.

There is already an ongoing study on closing Burke.

This smells like a faux RFP to me. I don't mean that in a bad way. But I'm guessing one of the lakefront-focused nonprofits came to Bibb behind closed doors and said "we've got this great lakefront plan, could you give us some money to flesh it out a bit." Then they probably talked through the plan, the administration liked it, and thus a 30-day RFP period with a minimal budget. The specifics outlined above are speculation, but it's fair to say RFPs are often just CYA when the municipality is pretty sure about what it actually wants to do. So I'm guessing there is a plan that exists right now (at least in rough form) and that the city is excited about.

Oh dang, half moon/ I'd go down to Tower City just for one of those cubanos.

I can’t read the article but from the map it looks like Cleveland is still rising too. The ones I see falling in Ohio are Cincinnati, Columbus, and Akron.

Hey these numbers aren’t bad. More than 75% of college grads staying in state strikes me as good. Much better than AZ and PA, two states I wouldn’t expect to beat in this metric.

That's how the sausage gets made. Showing up to one probably doesn't matter, but if you show up to 100 something will come out of at least a couple.

Looks like Mayor Bibb and Eric Kaler were both down at the Intel groundbreaking. Another example of the kind of initiative Mayor Jackson never had.

So, what, are they just building the whole thing and not planning on doing a crane jump? Sure looks cool, but why else would you do that? They just want to be sure they have the tallest crane downtown, even if just for a little while? 😉

New quantum computer anybody? New quantum computer? New quantum computer? Can I get a “Yeah, science!” from you in the back there? I know y’all may be excited about the million square foot neurological building yadda yadda, or the several thousand added jobs yadda yadda. I will concede those are pretty cool, but *points at self* this guy is psyched about the $450,000 quantum computer wiring upgraded.

https://www.bls.gov/regions/midwest/oh_cleveland_msa.htm July numbers looking pretty good. Labor Force, Total Employment, and Nonfarm all hit their highest numbers since 2019. We're within about 2-4% of recent peaks on each metric. Assuming the poor outlook for global economy doesn't hold us down, I think it's reasonable to expect complete recovery on all three metrics by 2023 or 2024.

I was just reflecting on everything going on right now: New construction downtown of SW HQ and City Club Apts Several massive conversions downtown What should be a pretty major revitalization of the garment district Artisan and Library Lofts in UC Meijer/Apts plus the adjacent project, plus Stokes West on the Fairfax/UC border. About five big projects in midtown, including Signet, Magnet, Cle Foundation HQ A couple good sized apt developments in Cleveland Heights A couple even bigger apt developments in Shaker Perhaps ten or more projects in Ohio City/Duck Island/Tremont Several projects a little farther west (e.g. Detroit shoreway/Edgewater/Gordon square) Pretty big new project in Lakewood And of course there's a bunch of other stuff I'm not mentioning. But has anyone on this forum been alive at a time of MORE activity than this? And it's not all just located in a couple hotspots. There are ten separate neighborhoods listed above where big new projects are happening or about to happen. The broad based nature of the growth is really impressive. I know we get excited about mega-projects like whatever Bedrock is gonna do. But I just wanted to point out how much healthy organic growth is going on. Really amazing.

@KJP Remind me, is this project financed?

I definitely wouldn’t say “over.” We’re barely down from a disastrous peak. Hopefully last month was a peak, but even if it was, we could still be looking at inflation over 5% into 2024 or later.

Who knows what will come of this here, but I'm glad we have a mayor who is out there visibly advocating for the city and looking at opportunities. I think this is at least the third time he's been at an event in DC. How many times did Frank do that?

This used to bug me more, but it's part of who we are as a city. I hope for the sake of our 30% in poverty, our terrible education system, our public transportation system, our cultural institutions (including sports), and our small businesses that we grow and prosper. All the things I mentioned need economic and population growth to be where they should be. I also think from an environmental and common sense perspective, there's nowhere better to develop and grow than in the urban doughnut holes, of which Cleveland has many. But beyond the above, I'm okay with the "mistake on the lake" perception. I really don't care (and I'm not sure I'd want) to have the economic growth rate of New York City or the population growth rate of Nashville. Those places aren't really better for their explosive growth. Once we are fully on our feet and punching as a city, maybe we can maintain our rough reputation. You know, just to keep the rent down and the riff raff out. 😉

Here's the Redfin study: https://www.redfin.com/news/metros-recession-risk-housing-downturn-2022/ The geographic trend is pretty clear. Only one of the 12 best cities (El Paso) is in the south or west. The U.S. housing market I really think is fairly strong. But places like Boise and Las Vegas are so far into la la land right now, it's hard for me to imagine turning out very well.

It's Taylor Road, lol. I think the other end is pretty much Lake Erie.

Given what this random bargoer did and did not say, I think the only thing we know is that he *probably* isn't relocating from NYC, Chicago, LA, Houston, or the Bay Area. It's pretty hard for me to imagine someone from one of those cities saying they better not reveal where they're from (since those cities are so big that it's pretty meaningless information). That doesn't really rule out any of the hypotheses you posed on the last page. I would say I think the Haslam idea is the least likely if for no other reason than . . . people from Tennessee tend to automatically reveal where they're from by the way they speak rather than the words they use. 😉 I'll also throw in that the "large, game-changing" development could be large and game-changing for the company rather than the city. If this is, say, a 200-employee company based in Pittsburgh that is now opening a second office in Cleveland with 100 employees, I could definitely see everyone at the company saying their second office is "large and game changing." All that being said--My favorite hypothesis (with no basis, just a guess!) is ARPA-H.

https://www.cleveland.com/community/2022/08/third-time-cursed-the-house-that-asks-wheres-my-guardrail-gets-hit-again-in-cleveland-heights.html?outputType=amp Maybe some of the money should go to this poor man. (I’m mostly kidding)

This angle reminds me how perfect the placement of the tower is. I was originally confused why it wouldn't be on the Jacobs lot, but the skyline symmetry here is gonna be 🔥🔥🔥.

A lot of it is. The biggest category is "housing for all/inclusive recovery." I'm assuming that includes funds like the $4 million the city is contributing to help Warner & Swasey get built. I would hardly criticize the city for taking a broad based approach on how to spend the money.