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Economy and Business


Cleveland's Flats development suspended

by WKSU's KEVIN NIEDERMIER


Reporter
Kevin Niedermier
 
There's more bad economic news for Downtown Cleveland. The half-billion dollar Flats East Bank mixed-use development has been put on hold. Developer Scott Wolstein says the credit crunchmakes it impossible to move forward with the residential, office space and entertainment project at this time.
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If people in Cleveland, would start looking to get businesses to move to Cleveland - things would begin to turn around. Without jobs - Cleveland will end up like Detroit.


Posted by: Lisa (Mentor) on December 1, 2008 3:50PM
This is just more bad news from Cleveland. I fear that Pittsburgh will continue to dominate Cleveland, this just gets worse. Pittsburgh is booming, while Cleveland continues to hault construction or drop projects all together. This project is currently haulted, but in typical Cleveland fashion, it will get canceled and not go through.


Posted by: Robert (Youngstown) on November 23, 2008 6:28PM
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