Cleveland developments to benefit from HB96

During a topping-off ceremony on July 8, crews set into place the last piece of struc-
tural steel (painted white) for the new Cleveland Clinic Global Peak Performance
Center for the first phase of Bedrock Real Estate’s Riverfront Cleveland develop-
ment. More projects on the riverfront and elsewhere downtown could be aided
by increased public incentives in the two-year state budget passed on
June 30 (Bedrock). CLICK IMAGES TO ENLARGE THEM.

When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.

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