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Crain's Cleveland Business, October 21, 2024

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OCTOBER 21, 2024

Swagelok and library team up for new space Innovation center in Solon will focus on job skills By Dan Shingler

A group of officials join Cavaliers players in the ceremonial groundbreaking for the Cleveland Clinic Global Peak Performance Center on Oct. 14. | CONTRIBUTED

Cleveland’s $3.5B plan for riverfront kicks off Officials break ground on Cavs training facility By Joe Scalzo

About 30 minutes before he stuck a gold-plated shovel in the ground on the east bank of the Cuyahoga River, Cleveland Mayor Justin Bibb looked out over the water and thought back to Carl

Stokes, who was the city’s mayor when the river caught fire in 1969. “Fifty years ago, one of my predecessors — the first black mayor of a major American city — was confronted with a crisis where this river caught on fire,” Bibb said. Fifty-five years later, Bibb joined a delegation of officials from the city, county, Cleveland Clinic and the Cleveland Cavaliers to officially break ground on

the 210,000-square-foot Cleveland Clinic Global Peak Performance Center, the first vertical development for Bedrock’s $3.5 billion Cuyahoga Riverfront Master Plan. The facility is expected to open in 2027. “This groundbreaking is a symbol of not just Cleveland's comeback, but America's comeback — and this (public-private)

Solon is known for punching above its weight when it comes to manufacturing and the employment it creates, thanks to the presence of a seemingly endless number of small industrial parks and one stand-out company, Swagelok. And Swagelok apparently wants to keep it that way. The Swagelok Foundation is providing the Cuyahoga County Public Library system with $500,000 to build a new innovation center and makers’ space at its Solon branch. "At Swagelok, innovation is one of our core values and we are thrilled to support CCPL with the launch of its new facility in Solon and continue to advance smart manufacturing initiatives in the region,” said Swagelok Chief Human Resources Officer Hannah Delis, announcing the support. The library says the space will focus on job skills, including some that Swagelok needs its employees to have, but the space will help users learn and perfect skills that can be used in a variety of workplaces — and learn them for free. See SWAGELOK on Page 18

See RIVERFRONT on Page 16

Grant is first step in lakefront development DOT awards $60M to build land bridge from downtown By Kim Palmer

Cleveland has been awarded $60 million in federal funding to support the city's plan to build a 120-foot-wide land bridge from downtown to the lakefront, marking a critical step in the

redevelopment plan for Cleveland’s lakefront. The Department of Transportation (DOT) announced Wednesday, Oct. 16, that the North Coast Connector project will be the recipient of the money as part of the Nationally Significant Multimodal Freight & Highway Projects program (known as the INFRA program). “This is a really big first step in allow-

ing us to re-imagine the lakefront,” said North Coast Waterfront Development Corp. Director Scott Skinner. The proposal, which will redesign a two-mile segment of the Memorial Shoreway (Route 2), was one of 28 such projects across the country to receive funding under the Multimodal Project Discretionary Grant program. See LAKEFRONT on Page 16

A patron of the Cuyahoga County Public Library sharpens their skills at one of the innovation centers and makers’ spaces. | CONTRIBUTED

VOL. 45, NO. 39 l COPYRIGHT 2024 CRAIN COMMUNICATIONS INC. l ALL RIGHTS RESERVED

REAL ESTATE Browns tackle Jack Conklin’s property, with a main home, two guest houses, tennis court and pool, hits the market for $9.5M. PAGE 6


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