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Economy and Business

Port of Cleveland looking ahead despite recent setbacks
Resignations and financial problems threaten some major projects

Kevin Niedermier
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Recent upheavals at the Port of Cleveland have put into question major plans that would open a large swath of prime downtown lakefront for development. Earlier this month, the port's president, Adam Wasserman, abruptly quit with a $300,000 buyout the port won't discuss. Then, port officials announced the agency doesn't have the 158-million dollars it needs to start building a new containment area for dredge material. A new containment facility is essential to shipping, and to the planned move of the port from downtown. From WKSU's Cleveland studios...Kevin Niedermier takes a look at the port's mounting problems, and what some of the solutions might be.
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Listener Comments:

Thanks for this report about HUD issues. Same rules should apply to all. How is HUD different from rest of us. I have a similar issue with home warranty companies as well. I got cheated by 2 warranty companies. They simply find a way to reject your claim. These companies are not governed by the same laws that is applicable to car insurance companies or what? Anyways, I posted my rant on this home warranty site and also complained to BBB. I hope someone someday will teach them a lesson...

Posted by: Gene Proine (Cleveland, OH) on December 31, 2009 1:10PM
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