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Committee recommends $1.5 million loan to redevelop Taylor Tudor Plaza in Cleveland Heights
Summary
County staff and developers presented a plan to redevelop the Taylor Tudor Plaza on South Taylor Road in Cleveland Heights; the committee voted to move a request for an economic development loan of up to $1.5 million to the full council for second reading, citing historic-preservation, added housing and job creation.
The Cuyahoga County Economic Development & Planning Committee on Jan. 27 voted to send to the full council for second reading a request to authorize an economic development loan not to exceed $1,500,000 to W X Z CPV LLC / Taylor Tudor Tenant LLC to finance redevelopment of Taylor Tudor Plaza in Cleveland Heights.
Anthony Stella of the Department of Development outlined the project as the first phase of a multi-phase redevelopment called "Kane Park Village"…
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