All true. The CMSD answers to the mayor. He apparently has checked which way the political winds are blowing. He and the CMSD board will likely accept this deal. It's city council who might want to give the deal a harder look.

All true. The CMSD answers to the mayor. He apparently has checked which way the political winds are blowing. He and the CMSD board will likely accept this deal. It's city council who might want to give the deal a harder look.

 

Isn't the unwritten rule of city council that if McCormack is down with this deal that all the other councilfolks are supposed to "get in line". Isn't that how TJ Dow tries to shake down every project in his Ward? If so, I can't believe this deal having to big a problem unless someone wants to grandstand.

Also true. There's going to be a few who will probably oppose it (ie: Reed, Johnson, Cummins, etc). But I don't see Council stopping this project either. So even though it still does have another 20 yards to go, the few opponents who might try to stop it are too far up field to get in the way. I now think this project will get done.

Everybody is high-fiving while this thing still has at least 20 yards to go.

 

So what? We're allowed to get excited over this getting closer to coming to fruition. 

And here I opened the thread expecting another vaguely related post about drilling in the parking lot.

 

Is this type of funding deal common in other cities? It's a fascinating proposal, I imagine it is not a new thing.

Everybody is high-fiving while this thing still has at least 20 yards to go.

 

So what? We're allowed to get excited over this getting closer to coming to fruition. 

 

Why reply like that? I think I asked some fair questions.

And here I opened the thread expecting another vaguely related post about drilling in the parking lot.

 

Is this type of funding deal common in other cities? It's a fascinating proposal, I imagine it is not a new thing.

 

I think other cities may routinely do 100% TIFs but Cleveland has generally shied away from those, at least during the Jackson administration.  Instead they do non-school TIFs where the school district gets their portion of new taxes and the remainder is TIFed.

Since the City of Cleveland had their bond rating increased last month, I wonder if that will do anything for their willingness to provide capital.

Just received this in the mail. Anyone else?

 

 

 

NO IDEA WHY THEY KEEP ROTATING PLEASE FORGIVE ME.  ¯\_(ツ)_/¯

Its a post card asking residents their views on nucleus. It has about 8 meetings on the flip side starting at the end of July.

  Kind of smart to target people already living downtown since it can be a sales pitch too.

Thanks. It's both smart and dangerous to host public meetings in the neighborhoods about a financing plan for a big development downtown. For many, it won't matter what you say. They will hate it or make demands that can't be satisfied. Offering a new vocational high school for the east side is a nice carrot, but I'm concerned it won't be enough.

I'm curious to see how people react.

 

I've noticed that once you start moving further out into neighborhoods past me (I'm in Cudell) the general view of almost everything just becomes "this project = Frank Jackson = BAD!!!" followed up by "but the DIRT BIKE TRACK" so I honestly don't foresee some of these meetings being very productive.

 

It's actually impressive how quickly people relate things back to dirt bikes.

NuCLEus is such a lame name.

It's from CMSD, so I don't think they're targeting anyone in particular to advertise for the project. They are holding hearings to get opinions from the community prior to making their decision in August. I received the same notice though, and I don't even live within the district's borders, so maybe they are advertising a little...

Yes I received one in the mail on yesterday as well. Be sure to view the website and complete the survey

Not comfortable in opening those links. Can you host/post them or just tell us what they are?

 

 

 

Got mines yesterday. There's also information on facebook

 

NuCLEus is such a lame name.

 

I'm not sure you're getting it.  There is a 'cle' in the middle of nucleus.  so its like NuCLEus because it is both in CLEveland and it is the center of everything(nucleus).  NuCLEus; get it?

I consider it just a project name. As that, i like it. I would think any particular building will be named something else.

NuCLEus is such a lame name.

 

I'm not sure you're getting it.  There is a 'cle' in the middle of nucleus.  so its like NuCLEus because it is both in CLEveland and it is the center of everything(nucleus).  NuCLEus; get it?

 

I get all that. It's forced. It's lame.

I sort of agree it's a bit lame. I've always wondered if financial backers of these huge projects are swayed by names without realizing it. A name is basically the first impression and can skew how someone views everything after. I doubt there's any good way to quantify this though...

 

But in real news, I'm happy to see they're willing to try creative solutions to make this happen. And it sounds like the overall deal will actually be a good thing for all parties in the long run.

If it actually goes up, Stark could name it "Sugar Plum Fairy Tower" for all I care.

With the visibility from Progressive field and patrons of the Q, I'm sure there were would be some kind of naming sold for it eventually.

Informative video posted here:

 

http://www.clevelandmetroschools.org/Page/12006

Nucleus Developer's Proposal. http://www.clevelandmetroschools.org/nucleus

It's all or nothing for the TIF...

No TIF = No NuCLEus.

Also, I might have missed this in the article posted earlier, but it seems like the final vote is really in the hands of city council...regardless of CMSD decision.

I see no reason why a TIF won't be passed for Nucleus by CMSD & City Council.

The Key Ccenter had a TIF to help construction. Other projects also had TIF's

such as FEB.

Especially because this is a mixed use development. This brings vibrancy to the street and adds residences and workers to what would otherwise be a vacant lot. No one is likely to hold out for a better deal and I don't think there really is one. The only other options would be a larger development, which it already is quite large, or maybe a park? Are there really other uses that the property could be better suited for? I don't think so. As stated earlier, it's a win-win-win.

The gap between the value of of the property when built and the cost means that quite literally nothing of significance will be built there for a very, very long time without some creative way to fill the gap. The breakdown of the proposal does not account for what I would consider to be a likely appreciation of ALL property values in the immediate area which would also result in an increase in inflows to the schools and city.  Make it so.

Stark explains what nucleus means. https://www.clevescene.com/scene-and-heard/archives/2017/07/20/here-is-what-nucleus-actually-means

oh, it's "New Cleveland Us.'  I was way off

Interview with Bob Stark. http://fox8.com/2017/07/22/property-tax-deal-proposed-for-nucleus-project/

^Some screen grabs from that interview...

 

 

 

 

 

 

This is all I see....

^Some screen grabs from that interview...

 

 

 

 

 

 

Yeah Photobucket changed their image hosting rules...so many people, myself included, can't post anything without that image showing up. Sucks since there are now photo threads all over that are no longer visible.

My source is telling me this project is not happening. 

My source is telling me this project is not happening. 

 

Reason(s)?

My source is telling me this project is not happening. 

 

Reason(s)?

 

Huge gap in cost vs value as already discussed a few weeks ago in this thread

Then why bother with the TIF discussion?

Yeah Photobucket changed their image hosting rules...so many people, myself included, can't post anything without that image showing up. Sucks since there are now photo threads all over that are no longer visible.

Yeah your avatar is the same image that I posted earlier. Well this is annoying. I guess flickr is the new place to go.

My source is telling me this project is not happening. 

 

Reason(s)?

 

Huge gap in cost vs value as already discussed a few weeks ago in this thread

 

Why would Stark go on TV, discuss on that radio show, and have the Schools host those forums if it's not going to happen? I know we're from Cleveland where hearts are very often broken; but I don't believe your source.

Yeah Photobucket changed their image hosting rules...so many people, myself included, can't post anything without that image showing up. Sucks since there are now photo threads all over that are no longer visible.

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?

Stark was on WTAM this morning discussing the nucleus project. Perhaps the most interesting question was whether or not it was a quote-unquote All or Nothing deal. His response was that he and his son have a debate about that. He referred to himself as more of a "poet developer" and his son as perhaps the more pragmatic one who would be more open to doing things piecemeal. He went on to reiterate why he feels it needs to be such a large project and why he would strongly prefer to do it all at one time.

Yeah Photobucket changed their image hosting rules...so many people, myself included, can't post anything without that image showing up. Sucks since there are now photo threads all over that are no longer visible.

 

Thanks for the heads up guys... I changed hosting sites, so hopefully everyone can see the pics. 

Stark was on WTAM this morning discussing the nucleus project. Perhaps the most interesting question was whether or not it was a quote-unquote All or Nothing deal. His response was that he and his son have a debate about that. He referred to himself as more of a "poet developer" and his son as perhaps the more pragmatic one who would be more open to doing things piecemeal. He went on to reiterate why he feels it needs to be such a large project and why he would strongly prefer to do it all at one time.

 

Here's the link to the interview:

 

https://www.iheart.com/podcast/139-Wills-and-Snyder-In-The-Mo-28122505/episode/nucleus-project-explained-from-ceo-developer-bob-28333808/

^Some screen grabs from that interview...

 

 

 

Glad to see Stark at least has The Beacon included in that model. :)

^Some screen grabs from that interview...

 

 

 

Glad to see Stark at least has The Beacon included in that model. :)

Is that building shorter than the BP building now?

^ It always was.

^ It always was.

Wow I guess I was remembering wrong oh well.

Nice piece but nothing really new from one of my ol' Sun News colleagues...

 

New downtown nuCLEus?

Stark hopes proposed 54-story tower, mixed-used project could have Terminal Tower-like impact

By Ed Wittenberg | Contributor  40 min ago

 

Robert Stark, president and CEO of Stark Enterprises, said he believes the proposed nuCLEus project could have a similar impact on downtown Cleveland to that of the Terminal Tower nearly a century ago.

 

“The purpose of the project is to let everybody know that we (Cleveland) are in the game, that we’re competing in the global economy,” Stark said. “All of the great communities in the world have new construction projects that have iconic and dramatic architecture and 21st-century architecture, and we have none.

 

“I completely believe that nuCLEus will be the catalyst for much additional development and great change for the city of Cleveland in the 21st century.”

 

MORE:

http://www.clevelandjewishnews.com/news/local_news/new-downtown-nucleus/article_7aef1c26-723e-11e7-96ff-8346937e4934.html

^ Ah, we're back to 54 stories again.