VOL. 40, NO. 25
JUNE 24 - 30, 2019
Source Lunch
Akron Developer is betting ‘the farm’ on modular construction. Page 24
Alan Miciak, John Carroll University business school Page 27
CLEVELAND BUSINESS
The List The top-paid non-CEOs in the region Page 23
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TWENTY IN THEIR 20S PROFILES, PAGES 10-21
GOVERNMENT
Cleveland study may lead to end of mechanical meters By Stan Bullard sbullard@crain.com @CrainRltyWriter
Outside the trailer-like portable office that serves as the payment center for the Cleveland Municipal Clerk of Courts at 3040 Quigley Road near the steel mill, Michelle Kennedy had just parted with $20 for a parking ticket. She got it when she ran out of time at a mechanical parking meter in the Warehouse District in downtown Cleveland. “I’d had just enough change to pay for two hours while I met with my attorney,” Kennedy said on June 13. “I had maxed out the time on the meter and still got caught, and these tickets add up. It’s frustrating.” Even more annoying, she’d been able to use her smartphone in such a fix on a visit to Modesto, Calif., but not at home in Cleveland. If things pan out, the city’s mechanical parking meters may be re-
placed with a new system allowing mobile payments for curbside parking. That possibility is put in play by Cleveland City Council authorizing at its June 3 meeting the spending of $300,000 for a strategic plan for the city’s on-street parking system as well as the municipal lots. Darnell Brown, Mayor Frank Jackson’s chief operating officer, said in an interview that the study will authorize preparation of a strategic plan for the city’s parking needs. It will cover everything from what areas need parking meters to what areas no longer need them, a potential estimate for how much it would cost to move to new electronic technology systemwide and how to go about funding it. “Our issue is to figure out how to transition to something that optimizes our options to provide parking to the public,” Brown said. “We’re looking to contract with a specialist that will recommend a procurement strategy.”
SPORTS BUSINESS
Banners and signs promoting the MLB All-Star Game are prevalent in downtown Cleveland. The festivities begin with the July 5 opening of Play Ball Park. (David Kordalski)
MLB All-Star festivities will be five-day ‘showcase’ for region By Kevin Kleps
SEE METERS, PAGE 26
Entire contents © 2019 by Crain Communications Inc.
kkleps@crain.com @KevinKleps
The MLB All-Star festivities will kick off with the July 5 opening of Play Ball Park at the Huntington Convention Center of Cleveland, and things won’t settle down until well after the final pitch is thrown at Progressive Field on the night of July 9. That means the Cleveland hospitality market will be at or near capacity for almost a week.
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Photographs by Tim Harrison for Crain’s
s Cleveland marks the 50th anniversary of one of its lowest points — the infamous Cuyahoga River fire — with celebrations of how far the city and its river have come back since then, it's worth looking at what the next five decades might hold. This year’s Twenty in their 20s class, selected by a panel of Crain’s editors, includes active, driven young professionals who will help steer the course of Northeast Ohio into that future.
“We’re all sold out. The city is sold out,” said Teri Agosta, the general manager of the 600-room Hilton Cleveland Downtown. Don’t get Acosta wrong: Landing an event that is projected to have an economic impact of $65 million is a very good thing for Northeast Ohio. But for many, it’s not quite the same as the Cavs’ four-year run of consecutive Finals appearances, which resulted in 39 home playoff games — 10 of which were Finals contests. “That’s a lot of basketball,” Agosta said. “We certainly have felt the ef-
fect of not having the playoffs and not having LeBron in this city.” According to data from STR, a global data and analytics firm that has an office in Lakewood, the year-overyear revenue for the 7,102-room Cleveland-Independence hotel market dipped 2.7% in the first five months of 2019. In April and May, when fans and businesses had gotten accustomed to James’ Cavs progressing through the postseason, the respective year-over-year revenue drops are even more slight: 1.5% and 1.7%. SEE ALL-STAR, PAGE 26
6/21/19 12:53 PM