Cleveland Development Discussions (Columbus, Cincinnati, Lorain: renting, manufactured, retirement)

[RobF1129]

https://theellipseat45.com

[RobF1129]

nuCLEus update (sort of):

Ohio SB 469 passed unanimously in the House, and was introduced to the Senate a few days ago. Not sure on what to expect from the Senate in terms of a timeline, but the fact that this passed the House with such ease is awesome to see.

[JohnDBaumgardner]

Originally Posted by RobF1129

nuCLEus update (sort of):

Ohio SB 469 passed unanimously in the House, and was introduced to the Senate a few days ago. Not sure on what to expect from the Senate in terms of a timeline, but the fact that this passed the House with such ease is awesome to see.

Excellent NEWS!!!! Now, let's see if nuCLEus can finally start to gain traction in the coming weeks or months ... could a GROUNDBREAKING be in the near offing?

One point of concern though ... how many of you out there feel that the departure of LeBron James could potentially threaten, even stall this immense project altogether? His departure will most certainly have a substantial impact on the Cleveland economy overall.

I really would like to see this GAME CHANGER become a reality ... time will reveal.

[bjimmy24]

Originally Posted by JohnDBaumgardner

Excellent NEWS!!!! Now, let's see if nuCLEus can finally start to gain traction in the coming weeks or months ... could a GROUNDBREAKING be in the near offing?

One point of concern though ... how many of you out there feel that the departure of LeBron James could potentially threaten, even stall this immense project altogether? His departure will most certainly have a substantial impact on the Cleveland economy overall.

I really would like to see this GAME CHANGER become a reality ... time will reveal.

Sports is just entertainment money getting distributed around according to trends. Lebron was great for the Cavs and downtown bars for a few months per year, on home games at least. Probably not as great for neighborhood bars, theaters, etc. Heck, even the Indians really.

Lebron James has no impact whatsoever on "the economy" per se.

We really really need to get over this concept that somehow professional sports success matters to how good of a city you live in.

[JohnDBaumgardner]

Originally Posted by bjimmy24

Sports is just entertainment money getting distributed around according to trends. Lebron was great for the Cavs and downtown bars for a few months per year, on home games at least. Probably not as great for neighborhood bars, theaters, etc. Heck, even the Indians really.

Lebron James has no impact whatsoever on "the economy" per se.

We really really need to get over this concept that somehow professional sports success matters to how good of a city you live in.

Oh, but LeBron does indeed have an impact on a city's overall economy. It's estimated that his arrival in Los Angeles will bring in an additional $400+ MILLION DOLLARS to that city's overall economy. These FACTS simply can not be refuted. Additionally, LBJ's presence in Cleveland brought about more interest in the city, much more prestige and even positive press.

Anybody who does NOT recognize what differences we may now encounter in his absence might just be wearing the proverbial ROSE COLORED GLASSES.

https://clutchpoints.com/the-financi...-james-leaves/

http://time.com/2981583/lebron-james...nd-cavs-money/

https://www.vox.com/2017/6/1/1572425...leveland-miami

I dislike that Cleveland's hopes of an ongoing renaissance were in fact tied in largely with LBJ, but they were.

The city does need to promote itself better as a sustainable region that does posses some rather incredible amenities in order to attract new businesses and residents alike.

[j_ws]

Originally Posted by JohnDBaumgardner

[color="Red"]Anybody who does NOT recognize what differences we may now encounter in his absence might just be wearing the proverbial ROSE COLORED GLASSES.

https://clutchpoints.com/the-financi...-james-leaves/

Economist: LeBron Worth Over $500 Million to Cleveland | Time

https://www.vox.com/2017/6/1/1572425...leveland-miami

I dislike that Cleveland's hopes of an ongoing renaissance were in fact tied in largely with LBJ, but they were.

These links more or less support exactly what bjimmy says - the impact of a culturally significant athlete primarily impacts the entertainment/leisure industry within one mile of the stadium. It's not necessarily tied to the overall health of the regional economy.

Additionally, a lot of Cleveland's "comeback" is predicated on the optics of a thriving restaurant/bar/leisure scene buoyed by a housing market comprised of neighborhood-specific real estate bubbles partially induced via tax abatements. Cleveland's economy is insanely vulnerable to imploding in the next downturn, regardless of whether LeBron is here or not.

[bjimmy24]

Originally Posted by j_ws

These links more or less support exactly what bjimmy says - the impact of a culturally significant athlete primarily impacts the entertainment/leisure industry within one mile of the stadium. It's not necessarily tied to the overall health of the regional economy.

Additionally, a lot of Cleveland's "comeback" is predicated on the optics of a thriving restaurant/bar/leisure scene buoyed by a housing market comprised of neighborhood-specific real estate bubbles partially induced via tax abatements. Cleveland's economy is insanely vulnerable to imploding in the next downturn, regardless of whether LeBron is here or not.

Exactly, no problem with those links at all as they do agree with me.

This is all just a Classic seen vs. unseen situation. You see the filled up stadium and bars downtown. You don't see the sparsely attended local indie show, the canceled art gallery night, the half empty orchestra performance, etc. It's equally as real though. All of it is just entertainment though. Basing your assessment of the health of an economy on sports bar attendance is highly questionable at best.

[Cleverfield]

Moody's Investor Service said the city's stable A1 rating didn't change when James returned to the Cavaliers in 2014 and that there's not enough reason to change it upon James's departure.

“Cleveland and Cuyahoga County both have diverse economies anchored by large employers which should largely mitigate any shock that perhaps their most marketable athlete leaving the city would create," said Matthew Wong, director at Fitch Ratings.

https://www.cnbc.com/2018/07/02/lebr...-its-econ.html

[Cleverfield]

Downtown lakefront development moving along!

https://www.news5cleveland.com/news/...ct-development

[WRnative]

Originally Posted by Cleverfield

Downtown lakefront development moving along!

https://www.news5cleveland.com/news/...ct-development

I wouldn't want to live on the lakefront due to the relative paucity of mass transit service compared to what is available in the Warehouse District and along the Euclid Ave. corridor. The Waterfront Line has limited hours of service.

Developers IMO would be wise to offer a flat-monthly fee shuttle service, Uber-like, for unlimited travel in just the downtown area. Such a service would enable residents to access the Healthline, Cleveland State, and rail rapid lines easily.