GCP President and CEO Joe Roman sat down with WTAM host Bill Wills last week to discuss the new things happening around Cleveland. Many investments are being made with Cleveland’s sports teams, including the changes at the Cavs arena—with the name changing from The Q to Rocket Mortgage Fieldhouse.
In federal news, the Trump Administration released regulations this week that could help opportunity zones around the country. GCP has been working to help set up opportunity zones around Cleveland and hopes to really start churning out these investments to improve neighborhoods, bringing wealth and jobs to those areas. Joe explained that the key is to make sure that the neighborhoods most-ripe for investment but that also are distressed areas, are being exposed to the market.
Opportunity Corridor will be a tremendous thing for our city, bringing together downtown and University Circle. But, as Joe said, with progress like this there does come some hassle. At a certain point, 490 will be closed in order to link these areas together and create the 400 acres of new development. GCP is working to make sure businesses have the information they need about this project, know what’s coming and can make adjustments for their employees where necessary.
Finally, after about a month of back-and-forth, an agreement has been made on the state transportation budget, recently signed into law. GCP will now continue its work to make sure Cleveland’s needs are being addressed within discussions on the state operating budget.