)
| 2004 |
North Royalton city officials and residents devise a master plan
for the city. They decide to include a mixed-use development
with residential, office and retail space. Land purchases and
rezoning begin.
|
|---|---|
| 2005 |
The city signs a deal with The Coral Company, a Northeast Ohio
development firm. The agreement calls for 100 to 200 acres to be
developed. For the next 2 years, the city and the developer struggle
to put a viable package together. The weakening economy is the primary
cause of the delays.
|
| 2008 |
This summer, the city and developer abandon the original plan
when no up-scale retailer will commit to anchor the
development. A lack of disposable income in consumers' pockets
has made retailers reluctant to build new stores.
North Royalton officials and The Coral Company are working on a scaled-back plan. The hope is to take advantage of the high energy costs by building a smaller development that is more public transportation friendly, with more "green" construction. |
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Support for this series was provided by the FirstEnergy Foundation.
