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| The 62-acre former Lake Shore Power Plant property, now owned by a site clean-up firm, offers a significant lakefront development opportunity what with the $300 million Cleveland Metroparks recreation area planned across Interstate 90, just east of downtown Cleveland. But it remains to be seen how the clean-up firm intends to reposition the old power plant site (Google). CLICK IMAGES TO ENLARGE THEM. |
A company that acquired a large piece of prime Cleveland lakefront land in December is a bit of an enigma if for no other reason because of its youth. This company, IDA Power LLC, is getting its hands on some very problematic yet high-potential properties around the country. It is engaged in a lengthy process of cleaning up those sites and turning them into productive properties again. But the company’s young life may give some insight into what we might expect here.
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