Crian's Cleveland Business

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11/1/2013

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$2.00/NOVEMBER 4 - 10, 2013

Construction again has ‘meat’ to it Many in industry remain cautious, but recent data suggest healthier outlook By STAN BULLARD sbullard@crain.com

CONTRIBUTED PHOTO

The Cavaliers drew a sellout crowd of 20,562 for their opener against the Brooklyn Nets on Oct. 30 at Quicken Loans Arena.

Cavs are hot on biz side Team’s single-game ticket sales already have passed total for 2012-13 season; other key areas are up, too By KEVIN KLEPS kkleps@crain.com

The Cleveland Cavaliers’ 2013-14 season opened last Wednesday night, Oct. 30, at Quicken Loans Arena with the usual bells

and whistles. The much-hyped introductory video lived up to its billing, highlighting the Cavs’ ties to the city by weaving in images of many Cleveland landmarks. The 70-second clip displayed on the giant scoreboard concluded

with All-Star point guard Kyrie Irving shouting, “We are here to make some noise!” Off the court, they already have. After struggling at the gate in the 2011-12 and 2012-13 seasons — ranking 19th and 22nd in attendance, respectively, in the 30team league — the Cavs’ revised season- and single-game ticket strategies are paying early dividends this fall. See CAVS Page 25

The go-go construction market that was driven by a number of megaprojects in Northeast Ohio has turned into a so-so market, but the level of activity still looks far better than the dire years of the Great Recession. Tony Panzica, president and CEO of Panzica Construction Co., said three months ago he was certain nonresidential construction spending would be off a lot this year. However, he recently has become more encouraged about the last part of this year and the future. In Mr. Panzica’s view, the market has gained momentum, particularly in the last few months, as “small things are starting to pop up, the $500,000 to a few-million-dollar projects.” See CONSTRUCTION Page 24

BUILDING HOPE A look at several key figures from a Crain’s analysis of McGraw Hill construction data about the Northeast Ohio market: Category x-2013 2012 Future construction $1.69B $1.53B Contracts for residential projects $785M

$565M

Future nonresidential contracts

$976M

$909M

■ Note: x-Figures are through August. ... The 2012 numbers are for the like period last year.

OPINION

It’s time to say farewell to the Chief

O

pportunity is knocking for the Cleveland Indians to turn a negative into a positive by engaging their fans in the process of creating a new name and logo for the city’s baseball franchise. For now, the NFL’s Washington Redskins are drawing most

of the heat for the refusal of owner Daniel Snyder to change the name of his football team. However, it’s only a matter of time before the media spotlight fixes its glare on the Cleveland Indians when the subject arises of racial insensitivity in sports toward Native Americans.

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SPECIAL SECTION

GENERAL COUNSEL Crain’s honors some of the best and brightest legal minds in Northeast Ohio ■ Pages 13-22 PLUS: LIFETIME ACHIEVEMENT AWARD ■ EVENT INFORMATION

Entire contents © 2013 by Crain Communications Inc. Vol. 34, No. 44


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