West Side Market
CDA provided a landmark $28 million investment package to support the $53 million first stage of the West Side Market’s transformation project. The investment includes a combination of New Market Tax Credits, Historic Tax Credit bridge financing, and a loan from the CDFI Healthy Food Financing Initiative. This catalytic investment secures the final gap financing necessary to launch the most significant renovation in the Market’s 112-year history. West Side Market is one of Cleveland’s oldest and most beloved civic institutions. This project will modernize the facility while preserving its historic architecture and improving merchant and customer experiences, including upgrades to HVAC, food storage, cleaning and cutting stations, and basement access for vendors. As a designated food hub and anchor of the Ohio City neighborhood, the Market serves over 1 million visitors annually, including low- to moderate-income families.
Job Creation
The project will retain 250 jobs, create 144 new ones, and support over 425 construction jobs.
Preserves and Revitalizes a Historic Landmark
The facility will be modernized while preserving its historic architecture and improving experiences for merchants and customers.
Strengthens Neighborhood Food Access
This investment sustains a vital community resource, ensuring continued access to fresh food for over 1 million annual visitors, including many using SNAP/EBT benefits.
Drives Neighborhood &Economic Development
The renovation supports small businesses, expands the Market’s role as a gathering space, and creates future revenue opportunities.
Diversity and Inclusion
The project sponsor is committed to inclusive growth through vendor diversity, merchant support, and workforce development.
Leverages Complex Financing Tools
CDA’s $28 million package utilizes New Market and Historic Tax Credits along with CDFI lending, bringing together various partners to fund the project.
Supported by Local Leaders
The project has strong backing from the Mayor, City Council, and community stakeholders.
Leaders Break Ground on $53-Million West Side Market Renovation
Big changes coming to Cleveland’s West Side Market: Here’s a closer look at what you can expect as transformation project begins
