Now, almost four years later, it looks like the last of our competition could be circling the drain.
According to sources on the ground, med mart boosters down south are whispering that the Nashville project, already pushed back once over funding delays, is about to limp off to boondoggle heaven ....
The Nashville rumors are news to Jeffrey Appelbaum, an attorney hired by Cuyahoga County to oversee the project here.
“It goes to show you the value of the signed leases,” he says of Nashville. “We were constantly beat-up here because they were supposedly farther ahead because they had signed leases. Obviously, the signed lease is pretty meaningless without the go-ahead on the overall project.”
If Nashville has pulled up lame, that city’s tenants could become fair game for Cleveland, which thus far has taken a decidedly modest approach to lining up actual paying tenants for the $465 million play house you’re paying for. Technically, they haven’t mentioned any.
“I don’t know that anyone ever felt constrained from looking at some of the [Nashville] tenants anyway,” adds Appelbaum. He has no idea whether Cleveland’s developer, MMPI, has been in contact with the six companies locked into Nashville contracts....
Wednesday, February 22, 2012
A Cleveland reporter notes that since his town threw its hat in the ring to be the home of the country's "first permanent medical showroom complex", it has had two worthy competitors in Nashville and New York City, neither whom look worthy any longer: