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Developer-Builder to Invest $1B in Heartland Opportunity Zones by 2022
By Kim Slowey, Construction Dive
Developer-builder Decennial Group — a joint venture between developers Clayco and Farpoint Development — announced it will invest $1 billion in U.S. heartland opportunity zone development projects, according to a company press release. That investment, according to The Real Deal, should come in the next three years, but the company could sink as much as $20 billion into new projects during the next 10 years.
Opportunity zones are located in economically challenged areas and stand to benefit from investment tax incentives created through President Donald Trump’s tax reform bill. There are 8,700 designated opportunity zones nationwide.
MetroHealth Breaks Ground on New ‘Hospital in a Park’
By Ginger Christ, The Plain Dealer
The MetroHealth System on Monday will break ground on the centerpiece of its $946-million transformation plan, an 11-story 264-bed hospital on its main campus on West 25th Street in Cleveland.
The transformation project kicked off in 2014, and already has included the expansion of the system’s Critical Care Pavilion and the construction of a new parking garage, among other things. Later, a new central utility plant will be built.
Construction of the hospital is expected to be complete in 2022, and the first patients will be seen in early 2023. Once the new hospital is operational, demolition of MetroHealth’s iconic towers will begin.
Cuyahoga County Executive Armond Budish Offers Condolences After Construction Worker Killed in Crash
By Evan MacDonald, cleveland.com
The two construction workers were employees at Trafftech Inc. in Cleveland, and were working on the Cedar Road Reconstruction Project, Budish said in his statement. The Cuyahoga County Department of Public Works is managing the $4.5 million project, which is funded by federal money from the Northeast Ohio Areawide Coordinating Agency.
“We extend our deepest sympathies to Mr. Sollars’ family and friends,” Budish said in the statement. “We ask the public to remember him by exercising additional caution any time you see an orange construction barrel or a sign alerting you to road work. Remember, use extra caution in and around work zones."