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Council approves chain‑of‑title action to clear way for Memphis & Pearl redevelopment in Old Brooklyn
Summary
Council committee approved legislation to acquire and reconvey city‑owned parcels now held by Old Brooklyn Community Development Corporation to clear title and enable tax‑increment financing legislation for the Memphis & Pearl project, an adaptive‑reuse and new‑construction mixed commercial and residential development for Old Brooklyn.
Cleveland’s finance committee approved an emergency ordinance authorizing the city to acquire and reconvey city‑owned parcels currently held by Old Brooklyn Community Development Corporation as a chain‑of‑title step ahead of tax‑increment financing legislation for the Memphis & Pearl redevelopment at Memphis Avenue and West 205th…
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