Cleveland unveils $1 billion waterfront plan - Trade Only Today

Cleveland unveils $1 billion waterfront plan

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Cleveland officials Monday announced a new development plan that could transform the lakefront area, with the potential for 1.5 million square feet of commercial projects.

The plan details more than $1 billion of investment in Cleveland, with opportunities for significant public-private partnerships, according to Mayor Frank Jackson.

Jackson said the plan calls for 1.5 million square feet of new development, including office space, a hotel, green space, restaurants, retail space, recreational boating and a transient marina, according to media reports.

“This plan will redefine Cleveland as a city that emanates from Lake Erie, whether through commercial maritime activity and business opportunities or through public access for recreation and entertainment,” Jackson said. “We will transform Cleveland into a city connected to its lakefront and all the opportunities and amenities it can afford.”

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