KJP

Here's the press release that triggered that and other articles Rep. Sykes Leads Ohio Delegation Letter Urging Ohio Department of Transportation To Include Akron-Canton In Amtrak Expansion https://sykes.house.gov/media/press-releases/rep-sykes-leads-ohio-delegation-letter-urging-ohio-department-of-transportation-to-include-akron-canton-in-amtrak-expansion The story was also picked up by the Akron Beacon Journal which was then picked up worldwide by Yahoo News https://www.yahoo.com/news/ohio-federal-lawmakers-call-odot-201556927.html

Ferry Cap & Set Screw razed for new development By Ken Prendergast / June 14, 2024 Another big, old vacant factory in Cleveland has been knocked down. But this five-story factory, the former Ferry Cap & Set Screw Co., 2151 Scranton Rd. in Tremont, was recently the subject of a redevelopment plan. Its demolition by the owner/developer and the lack of a submitted plan for the site’s reuse is an intriguing turn of events. MORE: https://neo-trans.blog/2024/06/14/ferry-cap-set-screw-razed-for-new-development/

The legislation would be killed by the consulting/engineering mafia. We don't pass laws based on common sense and research in the USA. This country passes them based on who gave lawmakers more money. You don't pay - you don't get to play.

Touch-up the white-painted area or no? I say they should have. Looks decayed at first glance.

Except that you can drive (or walk) between the garages of 1060 and 1020 Bolivar without going outside (see at left)....

Wow -- the prices START at $3 per square foot! EAST1407 with 641 square feet lists at $2,455 or $3.83 / SF. https://rayeliving.com/ Anyone know of a building in Cleveland more pricey than this? Maybe the upper floors of the Lumen?

Next up in Lake County.... 5 people, including 2 children, taken to hospitals following chlorine reaction at Eastlake home Fire Chief Ted Whittington says the victims were mixing pool chemicals inside the house when the reaction occurred. Hazmat crews are examining the area. https://www.wkyc.com/article/news/local/lake-county/5-people-2-children-hospitals-chlorine-reaction-eastlake-home/95-fdd28a7d-fbf7-48a5-9f48-ca739a2e8ed4

Brief mention of Jet FBO's expanded facilities for Cleveland Hopkins in this port authority article....

Yeah, I remember being there that snowy day when I was younger and.... oh wait, I'm not THAT old! Brief reference to Irishtown Bend funding in this piece....

Construction of the Gordon Crossing Apartments on East 101st should get underway very soon....

Gates Mills Villa Apartments in Mayfield Heights to be renovated

Lots of projects in here for Cleveland, Mayfield Heights, etc Port finances Cleveland, Mayfield apartments & more By Ken Prendergast / June 13, 2024 Two major, multi-family residential projects, one in Cleveland and the other in Mayfield Heights, got their financing packages approved today by the Cleveland-Cuyahoga County Port Authority. About $47 million in revenue bonds were approved for the two projects which represent a combined investment of $65 million. MORE: https://neo-trans.blog/2024/06/13/port-finances-cleveland-mayfield-apartments-more/

Great news. And yes, this bold text is true that it is federally subsidized. But why does the media always have to refer to it as such? You don't hear them referring to the federally subsidized aviation industry or the federally subsidized highway system? Such a double-standard makes it an easier target for budget slashers.

Shares a garage with the apartment project and, well, just trying to keep this under-the-radar apartment project on the radar

Thanks!

Breakfast spots in the OC's Market District are pretty much limited to the Market Cafe, Nate's Deli, or Crepes de Luxe inside the market.

Mortgage spat puts downtown building on market By Ken Prendergast / June 13, 2024 In a weak office market, another office property has been listed for sale. But this time, a Downtown Cleveland property is hitting the market because Cuyahoga County Common Pleas Court Judge Cassandra Collier-Williams ordered it to, so as to resolve a foreclosure complaint. MORE: https://neo-trans.blog/2024/06/13/mortgage-spat-puts-downtown-building-on-market/

Whoa!

Article updated with quotes from Metro West and the Spanish American Committee.

The World Bank upgraded its outlook for the global economy and said the “impressive” U.S. economy is powering the world. https://thehill.com/business/4715951-world-bank-impressive-us-economy-is-powering-the-world/

Wages are finally rising faster than prices too

Medical warehouse wins pitch competition By Ken Prendergast / June 12, 2024 An ambitious and innovative plan to construct a high-tech cold storage facility for medical and pharmaceutical uses along the Opportunity Corridor Boulevard has secured the top prize in the first Cleveland Equitable Development Initiative (CLE-EDI) real estate developer pitch competition. The competition was spearheaded by Cleveland Development Advisors and Cleveland Neighborhood Progress. MORE: https://neo-trans.blog/2024/06/12/medical-warehouse-wins-pitch-competition/

Yes this project is getting built -- veerrrry slowly. The fact is that this project is mired in politics and it, like all US infrastructure projects, is taking far too long and costing too much money. The engineering/consulting mafia wants it this way so they can make more money. The only hope is for comprehensive campaign finance reform or, in its absence, for more transportation agencies to move the planning and engineering work in-house to reduce costs and to weaken the engineering/consulting mafia.

But what's the county funding source(s)? Sin taxes? Property taxes? Other? If all of these are captured via a TIF and directed to pay off a stadium bond issue over 30 years, it could be a rather significant bond issue. Brook Park will probably also institute an admissions tax and can capture it to pay for police/fire/EMS overtime at stadium events. With the ability to create a legal framework for a TIF plus county and state contributions and TIFs, it doesn't matter if this stadium is in Cleveland or tiny Linndale.

Cleveland Thermal was the target of an acquisition but not to a real estate developer. This Canal Road plant and Cleveland Thermal's Hamilton Avenue plant sold in February to Corix, a national energy provider to downtowns and college campuses. The Canal Road plant sold for just over $2 million while the Hamilton Avenue plant sold for $7.7 million. I missed this sale as did everyone else in local media. But I'd heard a sale was coming last August. I'm going to follow up with them and see what plans they have for the Canal Road plant.... https://neo-trans.blog/2023/08/11/cleveland-thermal-target-of-acquisition/