One of Cleveland’s most renowned institutions of higher learning is lessening the financial burden for prospective students in the community it serves.
East Cleveland – Cleveland’s first suburb – was designed to offer a relaxed, scenic alternative to downtown living while also providing easy access to University Circle and the city’s core.
“This is a classic example of traditional land banking,” said Cuyahoga Land Bank President Gus Frangos. “We assembled a couple hundred lots in a 38-acre footprint in an area people thought you couldn’t do anything in and we’re going to transform this part of East Cleveland.”
On vacant lots in East Cleveland, a few hundred yards from the bustle of University Circle, signs posted by the Cuyahoga Land Bank warn trespassers away.
A $40 million investment is underway in East Cleveland. The building is on Euclid Ave., and was owned by the county. It’s now in the hands of a developer and is being turned into a destination where small businesses can thrive.
“We’re building an intentionally regenerative and circular economy that understands the value of place, the environment and people — and is willing to say we don’t need to go bigger.”
New, exciting and innovative community engagement events are underway in East Cleveland. Ingenuity Cleveland, in partnership with the Cuyahoga Land Bank and The City of East Cleveland.
The City of East Cleveland, in partnership with the Cuyahoga Land Bank, continues to invite community members for collaborative efforts to reimagine and rebuild spaces in the city.
In the City of East Cleveland, just east of Cleveland’s thriving University Circle area, lies one of the hardest-hit neighborhoods by the foreclosure crisis.