Thursday, September 12, 2024

Port OKs $170M financing for major projects

The $128 million first phase of Valor Acres, on the site of a former Veterans Admini-
stration hospital in suburban Brecksville, won financing today from the Port of
Cleveland’s board of directors. Up to $93 million in bonds were provided to
help build nearly 437,000 of housing, retail and offices (DiGeronimo).
CLICK IMAGES TO ENLARGE THEM.

The Cleveland-Cuyahoga County Port Authority’s board of directors today approved $170 million in bond financing to fuel a series of high-impact projects, including a large redevelopment of land that contained a former Veterans Administration facility, a major manufacturing expansion, and refinancing bonds for a nonprofit school that will free up more resources for more renovations.

READ MORE

No comments:

Post a Comment