An update of the happenings at Cuyahoga Land Bank
Economic Impact Study | Impact! Event | Fisher House Opening | EPA Grant

Talk About an Impact!


Community development stakeholders joined local civic leaders and elected officials June 26th to hear the findings of an independent 10-year Cuyahoga Land Bank economic impact study at a press conference and public forum at Cleveland State University’s Maxine Goodman Levin College of Urban Affairs.
 
A distinguished and diverse group of panelists that have worked with the Cuyahoga Land Bank in the areas of affordable housing, economic development, neighborhood advocacy, and special projects, took part in the forum. Panelists were City of Cleveland Councilman and Cuyahoga Land Bank Chairman Anthony Brancatelli; Village of North Randall Mayor David Smith; Nigel Griswold, Co-Founder and CEO of Dynamo Metrics; Kamla Lewis, Director of Neighborhood Revitalization for the City of Shaker Heights; Ricardo León, Managing Director of Metro West Development Organization; Gus Frangos, Cuyahoga Land Bank President and General Counsel; and Susan Fuehrer, former Director and CEO of the VA Northeast Ohio Healthcare System. Dr. Roland V. Anglin, Dean of the Levin College, moderated the forum.
 
The study by Dynamo Metrics is an economic impact evaluation aimed at quantifying the tangible and measurable economic outcomes from 10-years of Cuyahoga Land Bank activity. Taking all expenditures and programmatic activity into account, research estimates a total economic impact of $1.43 billion in Cuyahoga County since its inception in 2009. Specific economic impacts quantified over the past decade include:

Increased Property Values & Blight Reduction ($735.9 million in neighboring property value protected)

  • $415.3 million in protected home value from nearly 7,000 residential demolitions
  • $320.6 million in protected home value from more than 2,100 programmatic residential rehabilitations
Distressed Properties Back on the Tax Rolls
  • $13 million from direct property sales
  • $18.5 million in property tax revenue collected from influenced properties
  • $302.8 million in direct private investment induced by catalytic activity
Supporting the Local Economy
  • $305.5 million in local economic impact and 2,114 jobs created
  • $57.3 million in local economic impact and 355 jobs created from programmatically incented private sector residential rehabilitation activity

Watch our Impact! video HERE and read the full report HERE.

We're Celebrating 10 Years of IMPACT!



After more than 10,000 acquisitions. On the heels of more than 7,000 demolitions. After facilitating more than 2,100 home renovations … It’s time to celebrate!

Mark your calendars now for IMPACT!, a celebration of the Cuyahoga Land Bank’s accomplishments over the past decade, presented by Cuyahoga Land Bank Charities. With fabulous event chairs Fred Geis (Geis Companies) and Len Komoroski (Cleveland Cavaliers), along with Gus Frangos (Cuyahoga Land Bank) and a remarkable Host Committee, we’re planning the “don’t miss” event of the year.

We’re hoping all our friends, business and civic leaders, community development stakeholders, partners, neighbors, elected officials and dignitaries can join in the fun. Stay tuned for upcoming news about the event, and don’t forget to follow us on Instagram, Twitter and Facebook for all the latest event details! For more information on event tickets or how to become an event sponsor visit www.landbankimpact.org.
 
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SAVE THE DATE

Cuyahoga Land Bank
10-Year IMPACT! Celebration

Thursday, October 17, 2019
The Madison
4601 Payne Avenue, Cleveland


Get your tickets today!


 

Home for Sale in Cleveland Heights

This three-bedroom one-bath Cape Cod at 1155 Oxford Road in Cleveland Heights requires renovation and is now available through our Deed-In-Escrow Program.
 

A Grand Day!

 

A big crowd of supporters gathered June 11th  for the ribbon cutting and official opening of the Greater Cleveland Fisher Houses. A big shout out to the Fisher House Foundation and all those in our community who helped make this project a reality for Northeast Ohio and our veterans! Read more about the project and see inside the Fisher Houses HERE. See photos from the ribbon cutting HERE.

EPA Grant to Help Return Land to Productive Use




The Environmental Protection Agency announced last month that the Cuyahoga Land Bank would receive $300,000 in EPA Brownfields funding to assess environmentally unclean industrial and commercial properties in the region. Grants awarded by the EPA’s Brownfield Program provide communities across the country with an opportunity to transform contaminated sites into community assets that attract jobs and achieve broader economic development outcomes while taking advantage of existing infrastructure.

“The Cuyahoga Land Bank is honored to have been selected for a 2019 EPA Brownfields Assessment Grant.  This grant, as with two prior awarded grants, will enable us to identify brownfield sites throughout Cuyahoga County and begin the process of advancing these sites towards revitalization,” said Gus Frangos, President and General Counsel.  “We greatly appreciate the continued support by U.S. EPA of our mission of returning land in Cuyahoga County to productive use.”

Home for Sale in Cleveland Heights


This three-bedroom one-bath Colonial at 3621 Grosvenor Road in Cleveland Heights is currently under renovation and is available for sale. For details on this property, please call 216-698-8853 and for a list of other homes currently under renovation, visit our website.
 

The mission of the Cuyahoga Land Bank is to strategically acquire properties, return them to productive use, reduce blight, increase property values, support community goals and improve the quality of life for county residents.

Copyright © 2019 Cuyahoga County Land Reutilization Corporation, All rights reserved.
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