News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Greater Akron Chamber

Hospice of the Western Reserve

Metro RTA


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Cuyahoga County Council approves the Ameritrust sale
The Geis Companies will redevelop the county's controversial property
by WKSU's KEVIN NIEDERMIER


Reporter
Kevin Niedermier
 
Cuyahoga County Council has given final approval for the Geis Companies to buy the Ameritrust complex.
Courtesy of Kevin Niedermier
Download (WKSU Only)
In The Region:

Cuyahoga County will no longer own the Ameritrust complex. Tuesday, County Council approved a deal to sell the buildings to the Geis Companies. The sale means Cuyahoga is now beyond a bad business decision from the past.

Click to listen

Other options:
Windows Media / MP3 Download (1:24)


County Council unanimously approved the $27 million deal hammered out by county Executive Ed FitzGerald’s administration and a group of real estate consultants. After vetting several other bids, FitzGerald recommended the deal with Geis to council, which has the final say.

Geis will convert the downtown Cleveland office tower into apartments and turn the historic 80-year-old bank rotunda into a mixed-use public space. The company also will tear down another section to make space for a new county administration building, which Geis will lease to the county for 26 years. After that period, the county will have the option of buying it for $1.

County Councilman Dan Brady says awarding the property to Geis was not taken for granted.

“We had 11 different people with at least 11 different points of view and this is not something we came to easily or quickly. As we worked through the issues we came to a consensus.”

Cuyahoga County’s three former commissioners bought the Ameritrust complex in 2005 for a more than $20 million, and spent another $20 million for asbestos removal and other work. The plan was to convert part of it into a new county administration building, but the county never occupied the building.

The sale is part of the county’s effort to sell about a dozen unused and inefficient properties. More bids are expected to be announced next month.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Kasich's gubernatorial ad focuses on his blue-collar roots
John Kasich is the biggest con-man in America. He will say one thing and then do the opposite. He is terribly successful at fooling the public and he is worki...

Some cab drivers in Cleveland refuse to promote Gay Games
the irony is that most americans distrust or hate muslims much more than they hate gays!! silly ignorant bigots-GO HOME!!!

New transportation companies come to Cleveland
Ride-sharing companies are breaking laws and regulations every day. From regulatory fee evasion to use of smartphone while driving (and even two smartphones(!) ...

Cleveland anti-poverty agency executive resigns amid financial probe
That committee won't be too independent. He plans to stay on until after the new appointee is chosen.

How can you wipe a criminal record clean?
Great article! NO CLINIC in May 2014, however, because it's graduation month for students For the next dates of the FREE Legal Clinic to help with Expungment,...

Drilling remains suspended while ODNR investigates NE Ohio earthquakes
Flaring and lights, so has all been halted? Also, smell of HS2 and sounds of an auger/drilling/water rushing underground. So, has all been halted? In light of t...

Will the Ohio River carry fracking wastewater?
Texas $ vs. WV citizens . Who will our governor listen to?

McKinley museum launches campaign to buy 'pawned' heirloom
Was the tiara sold or pawned? What is the name of the person who brought the tiara to the Gold

Ohio Supreme Court allows Stark County sheriff on the May ballot
Too bad they never got rid of Swanson, even after national exposure of the abuses at the jail. Maybe the abuses will stop now...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University