Is Cleveland on a Rebound?

There has been much talk lately about the 'rebound' of Cleveland and whether or not, for the first time in years, Cleveland is in a position to experience real growth. Like many other rustbelt cities, Cleveland has been struggling to grow, especially in its metropolitan region, since the decline of the manufacturing era in the United States. In case you aren't aware of some of the most recent happenings in downtown Cleveland, let me encourage you to read on. But first, you may find it hard to believe that Cleveland may actually be heading towards a new era of growth. Take a look at some of the recent publicity Cleveland has been receiving:

Rustwire.com

Case Western Reserve University

Yahoo!

ABC News

Cleveland.com

So what exactly is causing this recent boom in Cleveland growth? It is our generation of individuals--known as the Millennials, that choose to live in the city over the suburbs any day of the week. We want a place with activity, people, interaction, and entertainment. Get me out of the car and into the streets! Take a look at some of the bigger things happening:

1.) Cleveland Medical Mart and Convention Center

2.) Cleveland Casino

3.) Flats East Bank

In addition to these large developments in Cleveland, there are also many other things that can contribute to this new "rebound" in Cleveland. How about the Cleveland Clinic? Their new masterplan developed by Foster + Partners is nothing short of something you would see happening in NYC. 

There is a renewed growth of businesses in downtown. " Housing is at 96% capacity and growing (Most of whom are 22-24 year olds). In the last few years alone Rosetta, Dwellworks, MCPc, AmTrust Financial (bringing up to 1,000 jobs downtown), radio station WCLV, Howard Hanna Real Estate, The Payne Firm, IdeaStream Consumer Products (not related to the local Public Broadcasting "Ideastream," which moved to downtown Cleveland from the suburbs in 2003), Mitchell's Ice Cream,Britton Gallagher, and ESPN Cleveland, among others, have moved to the city from the suburbs. This shows momentum and a changing of attitudes in the region."


Not to mention the new CSU masterplan finally showing its potential, the growth of the Cleveland film industry, the new Cleveland Aquarium, the new Cleveland Museum of Modern Art, and the new Rock and Roll Walk of Fame which just opened yesterday...