CRAINSCLEVELAND.COM I JUNE 3, 2024
Cleveland Fed names next CEO, president Beth M. Hammack is a Goldman Sachs veteran By Scott Suttell
Lakewood Country Club will undergo a course renovation beginning July 15. It will be completed by Memorial Day weekend of 2025. | CONTRIBUTED
Lakewood Country Club looks to
‘MAKE A BIG MARK’ Massive $6M restoration to begin July 15 and the course will reopen Memorial Day 2025
By Joe Scalzo
This is the story of how Lakewood Country Club found the courage — and the cash — to embark on a massive, generational, image-changing $6 million restoration and it begins in late 2019, with head PGA golf
professional Tim Perin rifling through a stack of applications for the club’s greens superintendent opening. It was a good stack — “A lot of good, qualified guys,” Perin said — but one application stood out. It came from Aaron Archambault, the assistant su-
perintendent of The National Golf Links of America in Southampton, New York, a course that’s a fixture in Golf Digest’s top 20 rankings and that Sports Illustrated once called “America’s snootiest golf course.” “When his resume came across my desk, it was like,
‘Why in the hell would an assistant from The National, a top-three club in the country, want to come to Cleveland, Ohio?’” Perin said. “I was like, ‘I don’t know, but let’s call him and find out.’” See RESTORATION on Page 17
The Federal Reserve Bank of Cleveland has named Beth M. Hammack, a longtime Goldman Sachs Group Inc. executive, as its next president and CEO. Hammack, 52, will take office on Aug. 21 as the Cleveland Fed’s 12th president. She succeeds Loretta J. Mester, whose tenure with the bank ends on June 30, consistent with Federal Reserve mandatory age and length-ofservice policies. Until Hammack’s start date, Cleveland Hammack Fed First Vice President Mark S. Meder will serve as interim president and CEO. Hammack is the fourth woman to lead the Cleveland Fed, which in 1982 became the first regional Fed bank to appoint a female president. She will oversee about 1,100 Cleveland Fed employees in offices in Cleveland, Cincinnati and Pittsburgh. See HAMMACK on Page 16
Summer safety in Cleveland will get an all-hands approach Building on a nearly 50% reduction in homicides this spring, Cleveland Mayor Justin Bibb announced a new, multi-pronged approach to keeping the city safe this summer. Dubbed Operation Heat Wave, the all-of-government approach to preventing crime began May 1 and will run through to Aug. 30, the city’s law enforcement leaders told reporters
Tuesday, May 21, at a press conference. “I’ve always said, public safety is my number one priority as mayor, and it will always be my number one priority as mayor,” Bibb told reporters gathered at Cleveland’s Trent Park. “As we approach the summer season, it was important for our administration to really show a true all-of-government approach to addressing violent crime in the city of Cleveland.”
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The mayor, interim public safety director and deputy police chief spoke about how investments in the Cleveland Police Department (CPD) staffing, partnerships with local, state and federal law enforcement, and employing new, data-driven technologies constitute a holistic approach to crime prevention this summer. Here are five takeaways from the announcement of
BLOOMBERG
By Kim Palmer
See SAFETY on Page 16
SPORTS The Guardians are winning everywhere, and the team is riding a hot start and trendy merchandise to big business.
REAL ESTATE Moreland Hills equestrian estate with private oasis vibes hits the market at nearly $4.2 million.
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