Industrial-Commercial Land Bank
The Industrial-Commercial Land Bank was established in 2005 by the City as a proactive approach to reusing properties with serious real estate obstacles, such as environmental contamination and/or economic hardships. This land bank provides the opportunity for the City to strategically assemble properties to attract businesses and create long-term economic and community investments.
The City evaluates specific real estate characteristics to select properties for the Land Bank. Once identified, the City aggressively pursues redevelopment activities including assessments, acquisition, demolition and environmental cleanup. The results are ready-to-build land for expanding or new businesses.
Several properties have been cleaned up and are now ready for sale.
Each time a vacant Brownfield site is returned to productive use, Cleveland benefits from new tax revenues and increased sustainability of the region.
For more information, please contact David Ebersole, Brownfields and Special Projects Manager at 216.664.2204.