CLEVELAND, OH- The Cleveland-Europe Express freight shipping service between Cleveland Harbor and Europe via the Saint Lawrence Seaway will begin in Spring 2014, according to a charter agreement with The Spliethoff Group approved by The Port of Cleveland Board of Directors on Thursday, November 21.
The Cleveland-Europe Express Ocean Freight Service will be the only regular, scheduled international container service on the Great Lakes. The fuel-efficient, multi-purpose ships will also have room for non-containerized cargoes.
William Friedman, president & CEO of the Port of Cleveland, said that the service will be the fastest and greenest route between Europe and North America’s heartland, allowing regional companies to ship their goods up to four days faster than using water, rail, and truck routes via the U.S. East Coast ports. Full Press Release 2013.11.21 Spliethoff
CLEVELAND, OH- The Port of Cleveland’s Board of Directors voted today to help support more than $400 million in downtown Cleveland redevelopment projects.
At its monthly board meeting, The Port approved:
- Issuing up to $97 million in lease revenue and tax increment financing bonds for Phase II of the Flats East Bank project. Total project costs are estimated at $149 million.
- Issuing up to $57 million in lease revenue and tax increment financing bonds for the development of “The 9”, a mixed-use development adjacent to the new County Headquarters. Total project costs are estimated at $171 million.
- Granting a leasehold interest in the Optima-Sage hotel project to continue the development of the $73 million redevelopment of the former Crowne Plaza hotel”.
William Friedman, president and CEO of the Port of Cleveland, said it is part of the Port’s mission to finance development through the sale of project revenue bonds to private investors. The Port of Cleveland is the only local government agency whose sole mission is to spur job creation and economic vitality in Cuyahoga County. “These three projects that our Board approved today are vitally important to the redevelopment of downtown Cleveland. They will bring construction jobs, permanent jobs, tax revenues, and will change the feel of our downtown,” he said. “We’re proud to play a role in attracting private investment capital to these projects and our community.” Full Press Release 2013.11.21 Financing
CLEVELAND, OH- The Port of Cleveland’s Board of Directors approved on Wednesday, October 23, financing to help redevelop the former Parmatown Mall. The Port will provide up to $10 million in tax increment financing revenue bonds from the Common Bond Fund Program.
Located in Parma, eight miles southwest of downtown Cleveland, Parmatown Mall is a retail shopping mall that opened 1956. In 2012, the Cincinnati-based Phillips Edison & Co. bought the 82.5 acre site including the Parmatown Mall, an adjacent strip center, the vacant Macy’s building, and two office buildings. Full Press Release 2013.10.24 Shoppes at Parma
CLEVELAND, OH- The Port of Cleveland unveiled plans today to start a regularly scheduled express freight shipping service between the Cleveland Harbor and Europe, starting in April.
The Cleveland-Europe Express Ocean Freight Service will be the only scheduled international container service on the Great Lakes. “Currently, local manufacturers use East Coast ports to ship goods to Europe, incurring additional rail and truck costs along the way,” said Will Friedman, president & CEO of the Port of Cleveland. “The Cleveland Europe-Express will allow local companies to ship out of their own backyards, simplifying logistics and reducing shipping costs.”
The service will be the fastest and greenest route between Europe and North America’s heartland, allowing regional companies to ship their goods up to four days faster than using water, rail, and truck routes via the U.S. East Coast ports. The Cleveland-Europe Express is estimated to carry anywhere from 250,000 to 400,000 tons of cargo per year. This volume equates to approximately 10-15% of Ohio’s trade with Europe. Full Press Release – Liner Service
CLEVELAND, OH- For the second year in a row, the American Association of Port Authorities (AAPA) honored the Port of Cleveland with its Environmental Impact Award, this year for its Cleveland Harbor and Cuyahoga River clean-up.
The Port of Cleveland helps improve the quality of life in our region and helps safeguard two of our greatest natural assets—the Cuyahoga River and Cleveland’s Lake Erie shoreline. The Port will receive the award during AAPA’s 102nd Annual Convention and Exposition in Orlando, which runs Oct. 13-17.
The AAPA evaluation of the Port of Cleveland effort highlighted the unique characteristics of the clean-up strategy. 2013.10.15 AAPA Environmental Award Full Press Release
The Port of Cleveland unveiled a new public overlook plaza at the Cleveland Lakefront Nature Preserve (CLNP), offering spectacular views of Lake Erie and downtown Cleveland as well as expansion of public access to nature trails.
The Garden Club of Cleveland (GCC) donated the resources to build this overlook as their Centennial Gift. The Port of Cleveland opened and manages the Nature Preserve, an 88-acre peninsula of green space on the Lake Erie shoreline in the heart of Cleveland.
Will Friedman, President & CEO of the Port of Cleveland outlined their partnership with GCC as well as the enhanced access to The Cleveland Lakefront Nature Preserve as a result of the overlook. 2013.09.16 Full Press Release CLNP
On Thursday, September 19, 2013, the Port of Cleveland’s Board of Directors approved the financing for the construction of OMNOVA Solutions’ new Beachwood headquarters. The new corporate headquarters will be in a 57,000 square foot building, to be constructed on 8.5 acres of land in Beachwood, Ohio.
The Port of Cleveland will provide financing to support the construction of the new headquarters to OMNOVA over a 20-year term. Construction is slated to begin in the Fall of 2013, with expected completion in the Fall of 2014.
“This project is a great example of how The Port of Cleveland plays a crucial role in investing in the community by connecting private investors with key projects throughout our region,” said William Friedman President and CEO of Port of Cleveland. “It also shows that the impact of the Port of Cleveland extends far beyond Cleveland Harbor, by providing vital tools to help invigorate our entire region and serving as a partner in developing our community.” 2013.09.19 Full Press Release OMNOVA
On Thursday, September 19, 2013, the Port of Cleveland’s Board of Directors approved a Revenue Refunding Bond of up to $33M for Judson. Ultimately, this money will allow Judson to lower their current interest rates, maintain and invest in their retirement campuses in Cleveland, and provide a better living environment for its residents.
“This bond will help Judson maintain the commitment we’ve had to this community since 1906,” said Judson President and CEO, Cyndy Dunn, “and allow for program enhancements that will offer our seniors the comfort, security, peace of mind, and freedom to experience senior living that best suits their needs.”
The Port of Cleveland sees the bond agreement with Judson as a partnership that reflects a shared dedication to their community. 2013.09.19 Full Press Release
Washington, D.C. (July 17, 2013) – Members of the American Great Lakes Ports Association (AGLPA) elected new leadership at their annual summer meeting held this year in Oswego, New York.
The new president is William Friedman, President & CEO of the Cleveland-Cuyahoga County Port Authority. Dean Haen, director of the Brown County Port & Solid Waste Department in Green Bay, will serve as vice president. The secretary-treasurer position will be held by Paul LaMarre, port director at the Port of Monroe (Michigan). The term of office is two years. Full Press Release
July 9, 2013 – The Cleveland-Cuyahoga County Port Authority’s Board of Directors voted unanimously today to place a levy renewal on the November countywide ballot.
“The Port plays a unique and essential role in our region,” said Port Chair Marc Krantz “We are the only local government agency whose sole responsibility is to spur job creation and economic vitality in Cuyahoga County. The Port Authority operates the international docks that connect our region to the global economy, provides innovative financing solutions that have helped build development projects across Northeast Ohio, and serves as an environmental steward of two key assets: the Cuyahoga River ship channel and the downtown Lake Erie shoreline. 2013.07.09 Full Press Release