Downtown Cleveland Update with Michael Deemer

Downtown Cleveland Update with Michael Deemer

Downtown Cleveland Update with Michael Deemer

 

Downtown Cleveland Alliance Update With CEO Michael Deemer - 3-2-22


Michael Deemer, President & CEO from The Downtown Cleveland Alliance spoke to Bill about a Downtown office tenant recommitting to DTCLE - What is the data telling us about the impact of ASW?

Big news this week from a Downtown office tenant recommitting to DTCLE.

  • Benesch Recommitted to Downtown Cleveland- 8 Floors for Key Tower
  • Navigating DTCLE’s recovery- Office tenants recommitting is a great sign
  • Office workers returning to work- key Organizational priorities
    • Impacts Income tax- funds city services
    • Advocating for employers to bring employees safely back into the office as to not disrupt income tax base
  • DCA generating a survey to track employees returning to the office
  • Retail businesses continue to invest in Downtown Cleveland- 
    • Filter recently opened in Warehouse District ahead of ASW
    • Hydration Spark grand opening last week- Minority owned/ immigrant owned
      • In The Athlon- stop by and support

 

Starting to see some of the numbers roll in from ASW. What is the data telling us about the impact of ASW?

  • NBA ASG and weekend festivities generated an estimated $100M for the Cleveland economy.
  • According to Placer data- Nearly 430K visits to DTCLE over the course of the ASW
  • LaRese Purnell and The Real Black Friday hosted vendors in Tower City, and vendors sold more than $630,000 of merchandise
  • Major national events of this kind provide a huge boost to small businesses- shine national spotlight on our amazing city and build on a strong track record for hosting large-scale national events
  • Building off of ASW heading into spring- we expect to see more business looking to invest in DTCLE

 

For more information or if you’re interested in relocating or expanding your business into Downtown, visit Downtown Cleveland.com 


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