Cleveland Developer Aims to Create Generational Wealth by Redeveloping Once-Bustling Plaza

Cleveland Developer Aims to Create Generational Wealth by Redeveloping Once-Bustling Plaza

Built in 1972 as one of the first projects built after Cleveland’s Hough Riots, Martin Luther King Jr. Plaza was meant to serve as a beacon of progress for Black entrepreneurship and the rebuilding of the Hough community. Over time, however, widespread disinvestment in the neighborhood eroded retail, leaving the shopping center largely vacant.

Midtown Collaboration Center receives $10 million New Markets Tax Credit allocation from Cleveland Development Advisors to support construction of unique job creation hub

Midtown Collaboration Center receives $10 million New Markets Tax Credit allocation from Cleveland Development Advisors to support construction of unique job creation hub

The Midtown Collaboration Center (MCC) – An additional Cleveland Foundation project positioned to bridge downtown Cleveland with University Circle – recently closed on construction financing. Cleveland Development Advisors (CDA) provided a $10 million New Markets Tax...