A public bank in Cleveland could be a game-changer, addressing the historical barriers faced by residents in securing loans and promoting equitable economic growth, according to the Ohio Public Banking Coalition.
University Circle Inc., the nonprofit that manages the 1-square-mile area that includes Cleveland's art and academic district on the East Side, wants to raise an estimated additional $3.5 million next year in assessments.
The city of Cleveland is one step closer to rescinding the historic landmark status and making way for the demolition of the 461,000-square-foot former Cuyahoga County Juvenile Court building on East 22nd Street.
With the creation of the North Coast Development Corp., Cleveland leaders are hoping to do what 16 plans over more than 100 years have not been able to do finally see a project through to completion.