News
News Home
The Regina Brett Show
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
Weather
From WKYC.COM / TV 3
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Hennes Paynter Communications

Knight Foundation

The Holden Arboretum


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
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

Thousands of tourists flock to Ohio's Magee Marsh
Thanks for sharing these bird pictures. I have seen warblers at Magee some years ago, which was a wonderful experience.

Husted's voter-address plan is under scrutiny
=========== The new directive allows voters to make the updates online for the first time. =========== Ahem!!! You might want to do some fact checking before ...

Leveling the field between private and public school sports
Consideration should be given to establishing a limit on athletic scholarships to private schools (which may be disguised as financial aid to poor students). I...

Thirteen Cleveland firefighters indicted
What was stolen? Section 7(p)(3) of the FLSA provides that two individuals employed in the same capacity by the same public agency may agree, solely at their ...

Union refuses to back gay teacher fired by Catholic school
Catholic schools can be very vindictive regarding the lifestyles of their teachers. Insurance does not pay for birth control, non-Catholic teachers are replace...

Drilling for wind on Lake Erie
May God help us defeat the WIND MONSTER ...

Raise a glass to craft beer week
Vivian, What a great interview - Just done so professionally. I loved the way you smoothly transitioned from production to interview to history of the company...

Castro could face death penalty as abduction case goes to a grand jury
I thought kidnapping was automatically a federal charge. Is it not?

Funk Hall of Fame in Dayton?
My quesiton how much of this groups own money are they investing? What resources has the City of Dayton's Mayor Leitzell (who just lost the run off elections) ...

Copyright © 2013 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