The first state capital budget containing “community projects” in six years is an opportunity to build upon Greater Cleveland’s efforts to grow and transform the local economy.
The Greater Cleveland Partnership (GCP) is recommending nine capital improvement projects for state funding. Many of those projects are waterfront initiatives, such as improving public lakefront access in Cleveland, Euclid and Lakewood.
GCP was designated by the state to submit a priority list of economic development project requests for Cuyahoga County. The nine projects seek a total of about $20.3 million from the state. The state funding would provide partial financing; the nine projects have a total estimated cost of about $210 million.
“These projects would accelerate Cleveland’s ongoing, successful efforts to expand and transition our local economy,” said GCP President and CEO Joe Roman. “This funding would allow substantial projects that would affect many of our residents, and make Greater Cleveland a better place for residents, employees and businesses.”
“If the state honors these requests, it would accelerate our efforts to make our beautiful lakefront more accessible to the public,” Roman said. “The state would be investing about $20 million in Cleveland’s future and would get more than $200 million worth of economic development in return.”
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