KJP

What subsidies can Cleveland offer that Brook Park cannot? If anything, Brook Park can offer a TIF on employee incomes from the stadium that Cleveland cannot because Cleveland said it wouldn't take anything out of its general fund for the stadium. These aren't revenues being taken out of Brook Park's general fund because they don't yet exist there.

Photos posted on X by John Skrtic Looks like some damage to the glass in SHW's "notch" in addition to the lights being down on Prospect Looks like drywall on the street at Prospect/Superior/West 6th

15 women investors back Cleveland’s NWSL bid By Ken Prendergast / August 8, 2024 Cleveland Soccer Group (CSG), which submitted a bid for Cleveland to be awarded a National Women’s Soccer League (NWSL) expansion team, announced today that it is being backed by a group of 15 local, influential businesswomen as investors. However, the money they have raised thus far has not be publicly disclosed. If successful, this would be Ohio’s first women’s professional soccer team. MORE: https://neo-trans.blog/2024/08/08/15-women-investors-back-clevelands-nwsl-bid/

Haslams reveal Brook Park domed stadium plans By Ken Prendergast / August 7, 2024 One day after NEOtrans broke the news that the Cleveland Browns’ home games would likely be moved from Downtown Cleveland to a proposed domed stadium in suburban Brook Park (and why), the football team’s owner Haslam Sports Group has outlined what that could look like. However, the Haslams stopped short of saying it was a done deal despite their obvious enthusiasm about the Brook Park stadium-development. MORE: https://neo-trans.blog/2024/08/07/haslams-reveal-brook-park-domed-stadium-plans/

Gosh, NEOtrans with the scoop again. 🕵️‍♂️

Unless your goal is to create economic benefits and not just a better operating ratio for the train service. Interestingly, private-sector Brightline went for economic benefits -- to enhance their properties by offering 18 daily round trips.

Bad kitty!

From the Cleveland Browns Stadium thread.... The Rock Hall gets 600,000 visits per year (prior to expansion). That's as many annual visitors as Cleveland Browns Stadium gets in a winning season. It got 500,000 per year in the 2010s when they were awful. Add another 50,000-100,000 per year for concerts, etc. The Rock Hall (and its parking needs) takes up far less space. We have our lakefront anchor. Developers like to build ballpark villages with theme restaurants and apartments that look into the sporting venue. Use the stadium site for a Rock Hall village.

It can't be private land. It's submerged land reclaimed from an international waterway so it belongs to the federal government or whomever the feds deem can make it publicly accessible. Usually that's the states, but the city of Cleveland has taken it upon itself to own the stadium land and most of the surrounding reclaimed lands.

Depends on the site. 😉

Jackson administration took away the development rights from Pace and gave them to the Haslams. Bibb took them away from the Haslams and gave them to the North Coast Waterfront Development Corp.

It remains to be seen how much state funding is provided, but from what I understand much of this is going to be state bonds retired by state income taxes generated by stadium activities and possibly other public revenues that are associated with the stadium. I don't know what all those are. One thing that is likely is that there is going to be a large chunk of brownfield and infrastructure grants for site clean up, sewers, other utilities, and roadways.

This isn't hard to understand. The public's half is coming from taxes generated by the stadium and its activities. If Cleveland did this, it would lose millions from its general fund collected on income taxes from thousands of stadium workers. It's going to lose them anyway when the stadium leaves for Brook Park, which will get the new income tax revenue and use it to service bonds to build the stadium. That's just one piece of the puzzle. The only potential tax increase I'm aware of would be Brook Park's increase in admissions taxes for large events. Other than a new domed stadium and the already fading IX Center, what else is there? How many acres of surface parking lots does the city own within a half-mile of the current stadium? The Muny Lot alone is 14 acres. All of those are candidates for redevelopment if and when the city decides to offer them and to devote its share of Low Income Housing Tax Credits to spur affordable/workforce housing on those lots. Transit-supportive housing densities are a minimum of 30 units per acre. Given the proximity to downtown, I think the Muny Lot could be double that, or 800 units x 1.5 people per unit = 1,200 people = $1.77 million per year in income taxes just from developing the Muny Lot. If it sells that land, the schools get the property taxes too. How many other surface parking lots (both public and private) are around the stadium that could go away and be developed with affordable/workforce housing and generate tax revenues that would exceed any losses from the income taxes generated by the stadium?

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It’s Brook Park By Ken Prendergast / August 6, 2024 In the coming weeks, the owners of the Cleveland Browns will reveal their plans to build a $3.6 billion domed stadium and associated development in the Cleveland suburb of Brook Park. According to public sector sources familiar with the plans, owners Jimmy and Dee Haslam have their capital funding identified for the stadium and a small first phase of development. MORE: https://neo-trans.blog/2024/08/06/its-brook-park/

Next, the Ohio Supreme Court declares night is day

Cleveland Moves plan seeks resident input By Ken Prendergast / August 3, 2024 The City of Cleveland recently launched public engagement for Cleveland Moves — the city’s five-year multimodal transportation plan. Cleveland Moves will create a strategy that builds on the city’s ongoing work to make it safer, more comfortable, and more convenient to walk, bike, and take transit in the city. A presentation about the planning process and its goals was delivered yesterday to the City Planning Commission. MORE: https://neo-trans.blog/2024/08/03/cleveland-moves-plan-seeks-resident-input/

CWRU Humanities Building planned on Bellflower By Ken Prendergast / August 2, 2024 Cleveland City Planning Commission today approved a conceptual design for Case Western Reserve University’s new Humanities Building and to demolish an abandoned fraternity house at 11333 Bellflower Rd. to make way for it. Most of the rest of the roughly 1.6-acre site in University Circle is used as a parking lot. MORE: https://neo-trans.blog/2024/08/02/cwru-humanities-building-planned-on-bellflower/

They grow up so quickly! So do kids! 😉

The decision has already been made.

Mayor Bibb’s offer to Browns may be last-ditch effort By Ken Prendergast / August 1, 2024 Cleveland Mayor Justin Bibb sent a letter today to Jimmy and Dee Haslam, owners of the Cleveland Browns, urging them to stay in Downtown Cleveland. Bibb also publicized the city’s $461 million contribution to renovate Cleveland Browns Stadium to show to the public that the city has made a strong financial offer to the National Football League team. But that might not be enough to keep the Browns at the deteriorating lakefront stadium. MORE: https://neo-trans.blog/2024/08/01/mayor-bibbs-offer-to-browns-may-be-last-ditch-effort/

If there's a new tax revenue stream resulting from a development, then the city has the ability to capture those future revenues via a TIF to service a bond or some other debt to build streets, sewers and other infrastructure for it. And yes, there are some major national and international investors interested in Cleveland. Not all of them crave the limelight. In fact I just stumbled into one the other day and got them to comment publicly on their purchase of the City Club Apartments. There are others. If they had unlimited money, yes. Problem is, easing Dead Man's Curve doesn't rank very highly due to its low impact from investment. The number of accidents it sees is less than those resulting from the closely spaced on/off ramps in the Inner Belt's trench. From my July 26 Riverfront article: The Shore-to-Core-to-Shore TIF District was expected to generate at least $3.3 billion over the next four decades. The Bedrock Project TIF would subtract from that an amount capped at $400 million. It will cost $75 million more, so Bedrock is responsible for finding it.

Tier III means it's not likely to be funded. Tier II means it's on standby. Tier I means a check is about to be cut. Here's an old plan from 2007 -- to show that big, federally funded highway projects can take a long time too....

No, but developing Burke allows for the creation of an "exclusive" community within the city of Cleveland albeit with walls and gates, much like the Venetian Islands in Miami or virtually every luxury building in the upscale Aclimação neighborhood of Sao Paulo, Brazil. Sadly, it accommodates the worst fears in wealthy people but gets their taxbase moved into the urban core where they otherwise would never live.