Port Authority buys Flats property
By LESLIE STROOPE3:07 pm, July 24, 2006
The Cleveland-Cuyahoga County Port Authority has closed its deal to purchase the site of the old Jimmy’s Bar in the Flats from Telecom Acquisition Corp. — a move that puts developers a step closer to revitalizing the Flats as an entertainment, retail and housing district.
The port in April reached an agreement to purchase the property, at 1061 Old River Rd., for the Flats East Bank redevelopment project. A port authority statement did not provide the dollar amount for which it purchased the property.
The Cleveland-Cuyahoga County Port Authority has closed its deal to purchase the site of the old Jimmy’s Bar in the Flats from Telecom Acquisition Corp. — a move that puts developers a step closer to revitalizing the Flats as an entertainment, retail and housing district.
The port in April reached an agreement to purchase the property, at 1061 Old River Rd., for the Flats East Bank redevelopment project. A port authority statement did not provide the dollar amount for which it purchased the property.
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