Cleveland Browns Stadium/Retractable roof. A 90 million proposal to add retractable roof to stadium to expand functonaltiy and attract potental Superbowl events.
Monday, December 27, 2010
Proposal to add $90million retactable roof to Browns Stadium:
Cleveland Browns Stadium/Retractable roof. A 90 million proposal to add retractable roof to stadium to expand functonaltiy and attract potental Superbowl events.
Thursday, December 2, 2010
Midwest Cities Plan to revitalize through demolition
Rust belt cites from Cleveland to Detroit are bringing out the reckoning ball. The twist is the cities are using federal money to tear down abandon homes which are a hazard to the neighborhood. According to sources, Detroit Mayor Dave Bing has pledged to tear down 10,000 properties in the inner city which have been a safe heaven to criminals such has drug dealers, vandals and thieves.
Over the past 60 years rust belt cities such as Cleveland, Detroit, and Dayton have seen a shrinking population. Manufacturing plants and warehouses are seen vacant due to the stumbling economy and out sourcing of jobs. Since 2005, Cleveland has seen over 33,000 foreclosure filings. Demolition of sum of these homes in high vandal areas is the solution to combating dropping home values and stabilizing neighborhoods which have loyal homeowners on the street.
The Cuyahoga County Land revitalization Corp. plans to acquire 1000 properties next year and teardown as many as 900 of them. During a phone interview a quote from Gus Frangos, President CCLC states “you have to remove the blight. It’s unfortunately on a grand scale.” Looking at the real-estate industry from a macro prospective explains that there are just too many homes and not a big enough working class population in the inner city.
Detroit has almost 51,000 vacant properties for sell. Unfortunately it has been too difficult to sell these properties due to the slumping economy and the condition of these properties. It is cheaper for owners to tear down the property and sit on the land. However, Sun Belt cities like Phoenix aren’t demolishing their abandon properties. Due to their expected rising economy they are able to hold on to properties until the real-estate industry rebounds and resale them. The Cleveland area’s foreclosure rate ranked in the top third of more than 200 U.S. metropolitan areas in the third quarter, according to Irvine, California-based Realty Trac Inc. Housing Crisis has affected the entire country there are numerous speculation on weather or not the real-estate industry is at its bottom. Investment is needed weather it’s from the federal government or from private investors.
Over the past 60 years rust belt cities such as Cleveland, Detroit, and Dayton have seen a shrinking population. Manufacturing plants and warehouses are seen vacant due to the stumbling economy and out sourcing of jobs. Since 2005, Cleveland has seen over 33,000 foreclosure filings. Demolition of sum of these homes in high vandal areas is the solution to combating dropping home values and stabilizing neighborhoods which have loyal homeowners on the street.
The Cuyahoga County Land revitalization Corp. plans to acquire 1000 properties next year and teardown as many as 900 of them. During a phone interview a quote from Gus Frangos, President CCLC states “you have to remove the blight. It’s unfortunately on a grand scale.” Looking at the real-estate industry from a macro prospective explains that there are just too many homes and not a big enough working class population in the inner city.
Detroit has almost 51,000 vacant properties for sell. Unfortunately it has been too difficult to sell these properties due to the slumping economy and the condition of these properties. It is cheaper for owners to tear down the property and sit on the land. However, Sun Belt cities like Phoenix aren’t demolishing their abandon properties. Due to their expected rising economy they are able to hold on to properties until the real-estate industry rebounds and resale them. The Cleveland area’s foreclosure rate ranked in the top third of more than 200 U.S. metropolitan areas in the third quarter, according to Irvine, California-based Realty Trac Inc. Housing Crisis has affected the entire country there are numerous speculation on weather or not the real-estate industry is at its bottom. Investment is needed weather it’s from the federal government or from private investors.
Tuesday, November 16, 2010
Forest City And Rock Gaming Deal expected to close soon
Rock Gaming will acquire 16 acres and air rights from Forest city Enterprise. Logistical freindly to Huron road next to Forest City's Centre complex. Forest City and Rock gaming will give access to tourist from Tower City and Quicken Loans Arena the ability to enjoy a state of the art Gaming Cansino. The land sale agreement is expected to close by Jan 31, 2011. Thier will be a $600 million dollars pumped into downtown Cleveland from the construction of the Cansino.
Wednesday, September 1, 2010
Wednesday, June 23, 2010
Wednesday, May 12, 2010
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