Saturday, May 17, 2025

Memphis & Pearl faces funding gap, has solutions

The Memphis & Pearl development in Cleveland’s downtown Old Brooklyn neighbor-
hood had to be expanded to retain a federal grant for the project while retaining the
historic St. Luke’s Church. But that caused a gap in the project’s funding resources that
backers are now trying to fill (Desmone). CLICK IMAGES TO ENLARGE THEM.

Due to funding policy changes at the U.S. Department of Housing and Urban Development (HUD) since January, backers of the Memphis & Pearl development in Cleveland’s Old Brooklyn neighborhood have had to scramble to save the project from a suddenly large, $15 million funding gap.

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