Giant Eagle Pulls Out Edgewater Project
Posted: Sun Jan 11, 2015 10:23 am
This is old news that was under reported at the time:
http://www.cleveland.com/business/index ... cleve.html
When private developers risk their own money they are casting a vote of confidence.
When they refuse to commit their own money they have no confidence.
What is the market telling us?
Cuyahoga County is set to spend millions to subsidize a Start development in downtown Cleveland.
Can you have a central core if the cost of subsidizing that core requires cannibalizing everything else within 20 miles of the core?
http://www.cleveland.com/business/index ... cleve.html
When private developers risk their own money they are casting a vote of confidence.
When they refuse to commit their own money they have no confidence.
What is the market telling us?
Cuyahoga County is set to spend millions to subsidize a Start development in downtown Cleveland.
Can you have a central core if the cost of subsidizing that core requires cannibalizing everything else within 20 miles of the core?