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Inside the $488 Million Plan to Revitalize Cleveland’s Riverfront

Author- Cuyahogacountyauditors.org

By: Michael Chambers

Published:

Cleveland’s riverfront has always been important, for work, play, and more. But years of use and growth left some areas needing a fresh start. Now, a big plan is underway to make the Cuyahoga Riverfront shine again, bringing new life and opportunities to the city.

The Vision: A Dynamic Riverfront for All

The plan aims to make the riverfront a place where history meets today’s lifestyle. Led by Bedrock, a Detroit company, it will add homes, shops, and fun spots along the river. This will make Cleveland’s riverfront a lively, welcoming place for everyone.

Key Components of the Plan

  1. Mixed-Use Buildings: A 17-story building will be built on the river’s east side. It will have a hotel with 190 rooms, giving guests stunning views of the river.
  2. Entertainment Venues: The plan includes a place for live music and theater, called “Rock and Roll Land.” It will host shows and events, adding to Cleveland’s cultural scene.
  3. Public Spaces: A big part of the plan is a public plaza and riverwalk. These areas will be perfect for people to hang out, enjoy the view, and feel connected to the river.
  4. Recreational Facilities: The plan also includes a kayak launch. This will encourage people to enjoy the river, promoting a healthy lifestyle.

Financial Backing: Securing the Future

Bringing this vision to life needs a lot of money and smart planning. The project has gotten support from different sources:

  • Tax Credits: In January 2025, the project got over $9 million in tax credits from Ohio. These will help with the first phase, like building a new Cleveland Clinic center.
  • Tax-Increment Financing (TIF): The city set up a $1 billion TIF district for the project. This way, the project’s growth will help improve the city’s finances.
  • State Investments: Ohio also gave nearly $10 million for infrastructure work in August 2023. This shows the state’s commitment to making the project a success.

A Glimpse into the Future: Transforming the Waterfront

To see how the riverfront will change, we need to imagine the new space:

  • Architectural Design: The project features designs by famous architect David Adjaye. His firm, Adjaye Associates, blends modern style with Cleveland’s history. The goal is to mix urban growth with nature, making new buildings fit well with the city.
  • Community Engagement: The community has played a big role in planning. Through meetings, surveys, and workshops, people have shared their ideas. This makes everyone feel like they own the riverfront.
  • Economic Impact: The project will create many jobs, boosting the local economy. It will also attract more visitors, helping local businesses grow.

Challenges and Opportunities: Navigating the Development Process

The vision for the riverfront is clear, but there are challenges:

  • Environmental Considerations: Fixing up an old industrial area needs careful environmental work. Making sure it’s safe and green for the future is key. This involves working with experts and following rules.
  • Infrastructure Development: Improving the area means working with many groups. It’s important to make sure the riverfront is easy to get to and connected to the city.
  • Market Dynamics: The project must match what the market wants. This means keeping up with trends and knowing what people will need in the future.

Looking Ahead: A New Chapter for Cleveland’s Riverfront

The $488 million plan is more than just a project. It shows Cleveland’s commitment to growth and culture. As it moves forward, the riverfront will be a lively place that respects the city’s history and looks to the future.

This project will make the waterfront better for everyone. It will improve life, help the economy, and connect people to the water. As it grows, it shows Cleveland’s strength and vision, leading to a brighter future.

Author- Cuyahogacountyauditors.org

Michael Chambers has been the Cuyahoga County Auditor for a long time. He knows a lot about managing money and running the county. He works hard to make sure the county's money is handled well and openly.

Michael keeps learning about government finance, property tax valuation, and cybersecurity. He uses this knowledge to help the county use new technology better. This makes property assessments more accurate and helps the county be more open with its money.

Michael has helped get money for important projects like fixing bridges and improving county services. He works hard to make the county's systems and services better. This shows his commitment to Cuyahoga County.

  • Completed over 70 hours of continuing education in auditing, fraud prevention, and government finance.
  • Received the Ohio Auditor of State Award for excellent financial reporting.
  • Helped get $75,000+ for county planning and infrastructure projects.
  • Brings new technology to the Auditor’s Office for better transparency and service.

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