News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Meaden & Moore

NOCHE


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Akron to create a new Cascade Plaza
City offers to create new park-like plaza below FirstMerit's tower.
by WKSU's MARK URYCKI


Senior Reporter
Mark Urycki
 
Cascade Plaza at the 1977 WAUP Jazz Fest with U of Akron Jazz Lab Band in foreground.
Courtesy of mark urycki
Download (WKSU Only)
In The Region:

Whenever a local company is bought or merges with another, there is fear that it may move its headquarters out of town. So it was a relief to Akronites when FirstMerit announced it would remain in the city after merging with Michigan-based Citizens Republic Bancorp. WKSU' Mark Urycki reports the city of Akron offered some incentives to stay.

Click to listen

Other options:
Windows Media / MP3 Download (0:56)


One common incentive that local governments give to businesses is tax-increment financing, in which the government uses a company’s taxes to build infrastructure the company needs.

This time, Akron Mayor Don Plusquellic is  asking City Council to help revamp a public square located at the base of the bank’s building on Main Street. Cascade Plaza was built in the 1970s and once served as the gathering point for outdoor entertainment downtown. It even had an ice rink in the winter months.

But Plusquellic says the area is deteriorating and needs to be rebuilt. The plaza acts as a roof over a parking deck. Plusquellic wants a more green, park-like environment for the plaza, and the city is now accepting design proposals.

In a statement, Plusquellic said, "Throughout my travels to different cities, I have seen the positive impact a nice downtown park-like setting can make to an otherwise brick-and-mortar downtown. We want our employees and visitors to use this new space to eat lunch, take a walk, and enjoy their time in our city. Right now, Cascade Plaza is merely being used as a glorified sidewalk.”

FirstMerit employs about 2,000 full time workers and expects to bring in another 150 after the merger. Both the city and the state are providing the company Job Creation Tax Credits to pay for the relocation.  

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Akron's Tuba Christmas: A resounding blast of holiday spirit
Nice piece, Vivian! Looking forward to hearing you move from flute to tuba on Saturday. Love hearing your interviews and this seemed extra special since I kno...

Cleveland Hugo Boss workers are fighting for their jobs again
Bro. Ginard; I support your effert to keep your jobs, I understand all about concesions, I was a Union offical from 1965 until 1991 and the company th...

Asian Carp control could benefit from bill passed by House, heading to the Senate
help me fight the battle against invasive carp by method of harvest

Ohio's Portman supports lifting limits on party political money
If Portman was legitimately concerned about outside groups influence on elections he would have supported the DISCLOSE act. Instead he helped block it being bro...

Study shows trade with China has cost more than 3 million U.S. jobs
I disagree with James Dorn! If we don't change the playing field and make it a fair competition the whole US industry will be weaker and weaker. Eventually all ...

Video of Cleveland police shooting a 12-year-old is critical to the investigation
While I think this is a very unfortunate, the fact is that police are trained to aim for the large mass of a human to stop them. If they aimed for the leg it w...

Wayne County teacher says he was fired for criticizing dairy
This is bull crap Smithville Schools have changed ever since the new school I'm so ashamed at the district I wish I could pick my house up and move it to anothe...

White Castle is closing its five Northeast Ohio restaurants
you should open a white castle in logan ohio.i'm pretty sure you disappointed,thank you...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University