quincunx wrote: ↑Aug 03, 2023Found out today that Sherwin Williams is building a new tower in downtown Cleveland. How did their 2.5% earnings tax and crime not scare them away?
https://corporate.sherwin-williams.com/ ... rters.html
Some details. Interesting their focus on environment, equity, "good corporate citizen."
Construction Equipment Guide - Sherwin Williams' $300M HQ Under Way in Cleveland
https://www.constructionequipmentguide. ... land/59042
Cleveland.com - Cleveland City Council approves tax incentives to help Sherwin-Williams build its new headquarters
https://www.cleveland.com/cityhall/2020 ... rters.htmlThe tax-incentive financing, or TIF, is the biggest part of the incentives in Cleveland’s package. Ebersole has said it will provide about $2 million to $2.5 million a year -- $60 million to $75 million over the 30-year life of the TIF -- for use to finance the project. The arrangement will not take away money from Cleveland schools.
In addition, Cleveland agreed to provide a construction grant of up to $13.5 million drawn from the city’s economic development grant funds and up to $11.5 million over 15 years in a job-creation grant based on 50% of the income taxes that would be collected on new jobs in the city.
The total value of the Cleveland tax incentives is about $100 million.
Cuyahoga County approved $14 million to help with construction in Cleveland and in Brecksville. JobsOhio, the state of Ohio’s development partner, approved a grant of $37.5 million in April.
I think people in this forum have totally overlooked how easy it actually is for a major corporation to invest heavily in the downtown of a city that has many of the same problems we have, but ours simply choose not to (with occasional exceptions like Stifel, Peabody, or Spire who've remained committed to downtown even when they could have chosen to leave).
Even after tax incentives regarding the earnings tax, they will still be paying a higher rate than STL's 1%.
Hopefully whenever Ameren or Purina want a new headquarters, they build a new tower downtown or at least fill a vacant or struggling building (like Spire).
The Browns have decided to leave Downtown Cleveland and build a new dome in the suburbs.
https://www.espn.com/nfl/story/_/id/418 ... mayor-says
https://www.espn.com/nfl/story/_/id/418 ... mayor-says
So Cleveland was going to give them $461 million (insane) but they said nah and instead want $1.2 billion (even more insane). All so you can play 8 or 9 home games. Insane!
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This will probably end up a net positive for Cleveland. NFL stadiums just don't belong in downtowns. The new site is still connected to transit and the old site can be converted into an actual lakefront park that can become the gem of the region for a fraction of a fraction of the cost
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If St. Louis were to ever get another NFL team, I think I'd hope that the stadium would be built near one of the MetroLink stations in Illinois.
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Couldn’t disagree more. All stadiums belong downtown.GoHarvOrGoHome wrote:This will probably end up a net positive for Cleveland. NFL stadiums just don't belong in downtowns. The new site is still connected to transit and the old site can be converted into an actual lakefront park that can become the gem of the region for a fraction of a fraction of the cost
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That would never happen. All the benefits would go to the state of Illinois, wouldn't make any sense. Sports stadiums need to be in the downtowns of majority of the cities. Very high populated ones i understand why not.RockChalkSTL wrote: ↑Oct 18, 2024If St. Louis were to ever get another NFL team, I think I'd hope that the stadium would be built near one of the MetroLink stations in Illinois.
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as long as football stadiums require acres of parking they absolutely do not belong downtown.
Luckily we already built acres of parking in the form of garages. The problem is a populace that needs to have their parking spots or transit options spoon fed and hand held.urban_dilettante wrote: ↑Oct 18, 2024as long as football stadiums require acres of parking they absolutely do not belong downtown.
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^ yeah but more than a couple of those garages need to go away for DT to become vibrant. i was more referring to tailgating culture, though. you can't have a tailgating-friendly parking moat in a healthy DT.
Minnesota Vikings would disagree. Vibrant and dense downtown. Not alot of surface lots around the stadium left. Still great tailgating. You don't need as much space as you think.urban_dilettante wrote: ↑Oct 19, 2024^ yeah but more than a couple of those garages need to go away for DT to become vibrant. i was more referring to tailgating culture, though. you can't have a tailgating-friendly parking moat in a healthy DT.
Because the Truman Sports Complex is such a great stadium setup. Definitely benefits KC more than a downtown stadium would.
https://www.axios.com/local/cleveland/2 ... skyscraper
Sherwin Williams new sign went up on their new downtown Cleveland skyscraper.
4,000 employees will be working in the new building, paying a higher earnings tax rate than St. Louis' 1% even after Cleveland gave them a 50% discount on the tax.
Sherwin Williams new sign went up on their new downtown Cleveland skyscraper.
4,000 employees will be working in the new building, paying a higher earnings tax rate than St. Louis' 1% even after Cleveland gave them a 50% discount on the tax.
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Cleveland announced another raised $70 Million for their lakefront connector. Basically is a gateway mall type design and making their lakefront highway a boulevard. It is interesting they still show the football stadium despite the move of the Browns to the suburbs
I don’t think the Arch area and the Gateway Mall will ever come to its full potential until 44 is made a boulevard. Retail faces the national park, access in increased, there’s more reason to stay around the area. We’ve talked about this ad nauseam obviously though. Just hoping someone has this bold vision as more cities continue to explore it
https://clevelandnorthcoast.com/north-coast-connector/
I don’t think the Arch area and the Gateway Mall will ever come to its full potential until 44 is made a boulevard. Retail faces the national park, access in increased, there’s more reason to stay around the area. We’ve talked about this ad nauseam obviously though. Just hoping someone has this bold vision as more cities continue to explore it
https://clevelandnorthcoast.com/north-coast-connector/
https://neo-trans.blog/2025/03/31/feder ... ies-moved/
Looking like Cleveland's federal building is going to be sold and employees moved to new leases, according to their House representative.
Looking like Cleveland's federal building is going to be sold and employees moved to new leases, according to their House representative.
https://neo-trans.blog/2025/07/11/cleve ... from-hb96/
Ohio has a tax credit for "transformational mixed-use projects" with a cap of $125M. This sounds very similar to the tax credit that Missouri lawmakers said was too much. Somehow, Ohio is a more serious state than Missouri. What a joke.
Ohio has a tax credit for "transformational mixed-use projects" with a cap of $125M. This sounds very similar to the tax credit that Missouri lawmakers said was too much. Somehow, Ohio is a more serious state than Missouri. What a joke.
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the Fidelity looks wonderful
https://coolhunting.com/travel/the-fidelity-hotel-brings-luxury-boutique-chic-to-downtown-cleveland/
https://coolhunting.com/travel/the-fidelity-hotel-brings-luxury-boutique-chic-to-downtown-cleveland/