smith

If he's mad enough and in an "Ill show you..." mood, he sure as heck ain't coming here. They'd laugh their butts off. He'd go to Indy for a much more stable organization to coach a QB he drafted, which would be a much bigger "f you" given the history between Indy and NE.

^ $240,000 per month..... if your gross income for one month is above the purchase price of a property or properties, buy it as soon as possible.

Severance Town Center isn't for sale, despite a report to the contrary http://realestate.cleveland.com/realestate-news/2017/11/severance_town_center_isnt_for.html#incart_river_home OK, so here's the thing. I logged into CoStar this morning and saw an article in the local news section about Severance being for sale. So I posted it to the Cedar Taylor Development Association Facebook page, which I run. It was subsequently posted by several other local non-profits. As I can't imagine the other non-profits get their real estate news from CoStar very often, I think I started the postings by local non-profits. Not saying it led to mjarboe[/member] writing this piece, but pretty funny regardless.

Oh gotcha, that makes sense.

Didn't Kasich say we "don't use tax incentives to buy deals"? If so, let's be honest - 0% chance. Negative % chance?

I have gmail and I got the email - it was in the spam folder, but I got it.

I'm sure you guys got plenty to do (and thanks for the hard work getting forum back), but at your earliest convenience, please change my username back to "smith." If possible, change my login too so it's smith, but if I recall correctly, that's not possible. Either way, thanks!

Also, it is only the third 100 win season in their history (1954, 1994, 2017). I think you meant 1995, not 1994 which was a strike shortened season. 1995 was also a strike shortened season and they still won 100! 100-44! Imagine if they had a full season!

I agree that logistically it wouldn't make sense to have it on the west coast. Does anyone know if any cities (or economic development arms) in Ohio have publicly stated that they intend to reply to the RFP? While perhaps it is a long shot, Cleveland damn well better submit!

Significantly more than this renovation. The renovation would've gotten us through 2030, at least. In order to be competitive, you need new facilities. Ask Cincinnati. I'm curious why you'd invoke Cincinnati, who appear to have the worst stadium deal in history? https://faculty.ucmo.edu/crooker/sportsEconomics/Stadiums_Costly_Legacy_Throws_Taxpayers_For_a_loss_7122011.pdf

REALLY?! I've been to that Walmart. I don't remember a Penn Station being there. I know there's a Steak and Shake. It really seems like I would have noticed a Penn Station. I remember a lot of the big box retail space being vacant over there, which is pretty tragic. Overall, the area seems pretty vibrant. That shopping center on Cedar has a lot of nice stuff, like Pet Smart, Starbucks, Chipotle, Piada (which sucks but people seem to love it,) Five Guys, etc. It baffles me that that strip where Walmart is located, is struggling. Or at least seems to. That's crazy. I had no idea a Penn Station was over there. I don't know how I missed it. They've been there a while? One of the first tenants in there. If you are facing Wal-Mart, it's in a small building on the right, with a Foot Locker I believe. That plaza basically poached from other nearby retail. The area can only support so much and I imagine Cedar Center has lower rents (and better visibility). Speaking of Pet Smart - there's a Pet People's across the street - I like them better as I think they are a local franchise (as opposed to corporately owned) and they have rewards programs and self-washing pet baths for only $10! And they do the clean up! Penn Station actually used to be at the old Cedar Center north building, probably 8 years ago they moved out when the plaza was being redeveloped and everyone was kicked out.

^^ Depending on where you live in C.H., there's also a Penn Station on Warrensville Center in the (dreaded) Wal-Mart plaza. I haven't live in Cincy in 15 years so I can't really compare, but I still love the Penn Station up here.

So you guys think this is gonna happen or...........??

Can we have one stinking thread without politics??

While this actual issue is very interesting, THIS WHOLE CONVERSATION IS STUPID! POLITICAL AFFILIATION IS IRRELEVANT!!! Yeah, those sneaky liberals were purposely avoiding paying $1 a year or whatever BECAUSE THEY ARE SNEAKY LIBERALS trying to avoid taxes! That'll show us!

The other factor here is time value of money. $1 is worth a hell of a lot more today than it is in 30 years. So you have that, taking a present value sum of $18m instead of future income, the $10.8m in property taxes on the land (wonder if this could go up if the land value increases or if this will be fixed), AND 50% taxes of future valuation increases. The alternative is Stark maintaining probably a profitable parking lot and the schools can just get the $10.8m over the next 30 years.

Well even if a LL turnkeys space, it is very costly to move (setting aside likely increase to rental rate). I typically see around $10/sf to move, but with economies of scale, it'd probably be less, guessing $4-$5. Plus, if they wanted, they could probably do another sale leaseback on a 20 year term and sell the thing for around $120-$140/sf.

+ 50/50 split on taxes associated with valuation increases.

I highly recommend a recent Malcom Gladwell Revisionist History podcast discussing how the public basically subsidizes private golf courses in California. The land is taxes WAY below market values.

The norm in retail leases is that tenants pay prorata share of property insurance, real estate taxes, and common area maintenance.

Yeah your avatar is the same image that I posted earlier. Well this is annoying. I guess flickr is the new place to go. Until flickr does the same thing. I've said it before and I'll say it again - this is why UO needs to be able to easily post pics directly on UO. When I say easily - from our mobile devices. I know the issue is file size. Is there a way for the UO site to compress without making the uploader compress them?

Re: Amazon. Looks like they are doing same size (bigger price tag) in Utah. Same partner - Seefried. Amazon to Enter Utah with New 855,000-SF Fulfillment Center in Salt Lake City Seefried, USAA Real Estate to Develop Complex in Northwest Quadrant; Facility to Create 1,500 Full-Time Jobs Upon Completion http://www.costar.com/News/Article/Amazon-to-Enter-Utah-with-New-855000-SF-Fulfillment-Center-in-Salt-Lake-City/192569?rpt=1&utm_source=mc&utm_medium=email&utm_campaign=CoStarAdvisorWeeklySend&frontdoor=email

Per the article: "If the complex is more valuable - appraised above $250 million upon opening and higher in later years - then the schools and the developer will split the upside, equally sharing in additional property-tax revenues."

Not terribly surprising to me. Rents will dictate value. New construction obviously commands higher rental rates, but even so, it is clear that their anticipated rents alone just won't justify the cost of construction on its own. On a much much more micro scale - it's why in Cleveland Heights the small Lee-Meadowbrook site has yet to be developed. The anticipated rents won't pencil out to make sense for financing.

Maybe it was on the agenda... two years ago?