Just how Bad is the Carnegie Development Plan?

[Bill Call]

You don’t have to look any farther than the new development planned across from the West Side Market to find out.

007-11-001 2.16 acres purchased for $5,850,000 – $2.7 million dollars per acre
007-11-026 .54 acres – not yet purchased
007-11-024 .653 acres – not yet purchased

The developer will pay about $9 million for 3.35 acres.

The project will include a 12 story office building a smaller office building totaling 137,000 square feet of offices, 260 apartments, 46,000 square feet of retail and 550 parking spaces.

How does that compare to the Hospital site development?
Purchase price of real estate:
Westside Market Project: $2.7 million per acre.
Hospital site: Donated to developer

Project value:
Westside Market Project: Approximately $175 million
Hospital site: Approximately $65 million:

Is this the best the City could do? Twice as much land for half the development?
The developer of the West Side Market will also pay the full cost of demolition and site development.

https://www.cleveland.com/business/inde ... s_gra.html

[Jim O'Bryan]

Is this the best the City could do? Twice as much land for half the development?
The developer of the West Side Market will also pay the full cost of demolition and site development.

https://www.cleveland.com/business/inde ... s_gra.html

Bill

But how does that much more than a multi-use strip mall, address all the health and wellness needs of Cleveland?

It doesn't.

But our One Lakewood Strip Mall will have a café, a dry cleaner, and maybe and ice cream shop. Actually the only people to have any interest is the group that was for it all along. Yes 3-Arches will have an office in "their" strip mall.

And just like that the health and needs of 51,000 taken care of.

Next...

WTF

.

[Mark Kindt]

Two Words

Asset Stripping

[Richard Cole]

Two Words

Asset Stripping

Really bad

[Bill Call]

Two Words

Asset Stripping

Really bad

At one Council meeting one member of the LHA Board stated that they did not seek better offers for the Hospital property because they did not want to "get involved in a bidding war".

The old Jammy Buggars building sold last October for $300,000. The building had to be gutted and rebuilt. All of the kitchen equipment was scrapped. The building sits on 1/10 of an acre. That works out to $3 million per acre.

Of course we have been told that the 6 acres of Hospital property is different. According to the Mayor it is completely worthless. Well, worth only $1.

[Mark Kindt]

Four Words

Stripping Of Public Assets

In what Universe do municipal officials ignore a $100,000,000 proposal to continue a heritage community hospital; transfer tens of millions of public dollars and public assets to private third parties; demolish the hospital; then give it away to a developer for $1.00; while crowing all the time about how great this is?

AND

And...then double-down to make sure that a white knight like MetroHealth could not come to the rescue of the hospital.

[cmager]

Four Words

Stripping Of Public Assets

In what Universe do municipal officials ignore a $100,000,000 proposal to continue a heritage community hospital; transfer tens of millions of public dollars and public assets to private third parties; demolish the hospital; then give it away to a developer for $1.00; while crowing all the time about how great this is?

AND

And...then double-down to make sure that a white knight like MetroHealth could not come to the rescue of the hospital.

...the universe in which municipal officials and their representatives personally benefit from the scam.

[Bridget Conant]

At one Council meeting one member of the LHA Board stated that they did not seek better offers for the Hospital property because they did not want to "get involved in a bidding war".

Only in Lakewood.

We are living in Trumpworld with a mayor and council that believe if they repeat a lie often enough, it must true.

[Nadhal Eadeh]

At one Council meeting one member of the LHA Board stated that they did not seek better offers for the Hospital property because they did not want to "get involved in a bidding war".

Only in Lakewood.

We are living in Trumpworld with a mayor and council that believe if they repeat a lie often enough, it must true.

Only in Lakewood is “healthcare changing”.

As evidenced by the chart, Lakewood is replacing healthcare jobs with retail and a strip mall? Where is the critical thinking on this city council?

[Mark Kindt]

Mr. Eadeh, this one chart says it all. Thank you for posting.

[Richard Baker]

We are living in Trumpworld with a mayor and council that believe if they repeat a lie often enough, it must true.[/quote]

I not sure that we can call it Trumpworld, since this started with the Democrats in Lakewood long before he was running for president. I would call it more of a typical Democrat round up strategy to the herd together.

The whole hospital diabolical would make for an interesting book but no one is in jail with the time to write it I guess we'll have to wait to see how much worse its going to get under the helm of the new naive and where is the rabbit council? Of course we will have to change the names to protect the few who are innocent.