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New site called ideal for moving products
By Paula Schleis
Beacon Journal business writer
Published on Saturday, Mar 29, 2008
The Port of Cleveland could be moved in another decade — to land that doesn't yet exist.
Plans call for the 100-acre port to move from downtown to the shore off East 55th Street, on 200 acres that would be built from mud dredged from Lake Erie's shipping channel.
Port President Adam Wasserman said a proposal approved by Cleveland and Cuyahoga County officials and pending with the federal government could take 20 years to complete, but private investment is being sought to cut that time frame in half.
By moving the port, down
town Cleveland would gain precious lakefront property to develop for recreation, residential and office use.
Meanwhile, the U.S. Army Corps of Engineers, responsible for annually dredging the shallow shipping channel, would begin dropping the excess mud east of downtown. As that land grows, portions of it would be capped so the port could begin moving there in increments.
Wasserman said the new site is on Interstate 90 and near two railroad networks, making it ideal for moving shipped products on land.
In addition, it is next to more than 500 acres of ''severely underutilized industrial'' land that officials said could be turned into an international trade district.
The federal government would pay to build the land, which Wasserman estimates would be worth a quarter of a billion dollars.
But it's a ''win-win'' situation, he said, because the Army Corps of Engineers needs a place to dump its dredgings, starting in 2011 and 20 years beyond.
The port would probably have to invest about $150 million to build roads and rail connectors and improve the industrial land to attract business.
''Whatever happens on the water is sort of useless if we don't have a strategy on the land,'' Wasserman said.
Paula Schleis can be reached at 330-996-3741 or pschleis@thebeaconjournal.com.
The Port of Cleveland could be moved in another decade — to land that doesn't yet exist.
Get the full article here.
