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The founder and CEO of Cleveland-based Stark Enterprises is passing the torch to the next generation. His oldest son, Ezra, is replacing him as part of a leadership transition announced Friday, May 6. ....
Westlake approves 60-year tax increment financing deal for portions of Crocker Park CoStar The city of Westlake recently added 30 years to a tax increment financing agreement tied to infrastructure improvements at the third phase of Crocker Park. That wave of development included the American Greetings Corp. headquarters, a Hyatt Place hotel and additional stores, restaurants, apartments and parking garages. The city of Westlake recently doubled the lifespan of a tax incentive for Crocker Park, one of only a handful of large developments to seize a short-lived opportunity created by the state legislature. In early December, Westlake City Council voted to tack 30 years onto an existing tax increment financing agreement tied to the third phase of the expansive, mixed-use project. That agreement reallocates a portion of new property tax revenues generated by the project to paying off debt related to public infrastructure, such as new roads and parking garages. ....