Bridgeworks project will reach full funding with $2 million loan from Cuyahoga County, plans to break ground this year
Bridgeworks, the long-in-the-works mixed-use project that will bring 140 apartments, 130 hotel rooms, and a restaurant to the foot of the Detroit-Superior Bridge, inched closer to build stage this weekend when Cuyahoga County proposed a $2 million that would finalize funding for construction.
The loan, which could be finalized in two weeks, follows a string of financial incentives, including a $223,000 Ohio Brownfield grant and a 30-year tax-increment financing agreement, that closes the money gap after years of cobbling together a capital stack to make it a reality. "It will make a critical connection between the Ohio City neighborhood and the West Bank of the Flats," he added,"and will turn an underutilized property into a valuable community asset."
Irishtown Bend Park, a planned 23-acre green space project along the riverfront, will essentially connect Bridgeworks with Ohio City's entertainment district further south. The Loop, a bike lane still in its concept phase, could—if fully funded—link Bridgeworks cycle traffic with the heart of Ohio City.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fort Bend County announces project to preserve African Americal historic site near KendletonThe new park and memorial will include historic cemeteries, walking trails, a Juneteenth plaza, and a monument to revitalize what was one of the first freedmen towns in Texas.
Read more »
Pennsylvania county terminates 'sanctuary county' designation amid 'heartache and angst'Butler County, Pennsylvania, announced that it is no longer a 'sanctuary county' for illegal immigrants amid what the county commissioner described as “heartache and angst.”
Read more »
Sheffield flags Brazilian buy, capital raiseMineral sands developer Sheffield Resources has announced a A$30-million capital raise as it looks to expand its project portfolio to include the South Atlantic mineral sands project, in Brazil. The company has taken an option to acquire an initial 20% interest in the South Atlantic project from tenement holder RGM. Under the terms of the option agreement, Sheffield will provide RGM with an unsecured loan of $2.5-million to fund project related activities and assist Sheffield with further project related due diligence.
Read more »
Jasper County team takes top prize at 2023 Houston rodeo cookoffCrowned Saturday night in front of an enthusiastic crowd, overall Grand Champion Jasper...
Read more »
Spike Strips, PIT Maneuver Used to Apprehend Homicide Suspect, Kane County Authorities SayAuthorities in suburban Kane County say that they were able to help De Kalb police apprehend a suspect in a homicide that took place late Saturday night, using multiple spike strips and eventually a PIT maneuver to bring the pursuit to an end.
Read more »
2 backcountry skiers killed in La Plata County avalancheTwo backcountry skiers were killed in an avalanche in La Plata County Saturday, according to La Plata County Search & Rescue.
Read more »