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Dougal

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  1. Dougal

    The Official *I Love Cleveland* Thread

    Business Insider ranks the Cleveland Museum of Art as the second best museum in the US. https://www.businessinsider.com/the-best-museums-in-america-ranked-2016-8?utm_source=twitter&utm_medium=referral&utm_content=topbar&utm_term=desktop&referrer=twitter
  2. It does seem sort of a generational thing. Old line companies (Jacobs, FC, DDR, Assoc Estates) giving way to newer Stark, Weston, Millenium, Marous, etc.
  3. Maybe apartment landlords need to consider useful retail outlets an 'amenity' to be offered like exercise rooms, rooftop patios, etc. and provide retail space for break-even rents at least during some introductory period. By useful retail I mean drug stores, dry cleaners, groceries, etc. that support the residents. (They may already do this; I have no idea.)
  4. What I especially like about 55 PS is walking on Superior and seeing the reflection of the TT in its glass. Putting something up in the Jacob's block will spoi this, of course. Image by thatsclevelandbaby.com
  5. I'll disagree on 55 PS and the PNC Building. I think both are beautifully proportioned.
  6. You will have noticed the glass blocks inserted into one of the risers of the Federal Reserve Bank's front steps? They are removable from the inside and the holes become machine gun ports. When the Fed was designed, civil insurrection was a real worry. This could become a new design feature for worried householders.
  7. ^Based on the airport's numbers that Susan Glaser reported in https://www.cleveland.com/travel/2018/10/cleveland-hopkins-icelandic-airline-experiment-hits-turbulence-as-wow-pulls-out-icelandair-cuts-back.html passengers departing Cleveland to Iceland were 200 per day in June, 185 in July, 170 in August, and 158 in September. That is more than enough to make ONE airline happy (IcelandAir's plane holds 160; WOW's holds 200); not enough for two, which between them operated 9 flights a week this year. The good news is IcelandAir, who say they will be back next May, should be very happy next summer.
  8. Dougal

    Cleveland: General Business & Economic News

    It raises Victory from 204th in size at the end of 2017 to about 100th among US asset managers. That's a big jump and makes them more of an acquirer than a target in the future. Cleveland needs more of those. (Fair disclosure: I own some shares in Victory as well as in a couple of their ETFs.)
  9. Dougal

    Cleveland: General Business & Economic News

    This is a pretty big deal for the company. In less than two months, Victory Capital will have nearly tripled its size, measured by assets under management. I doubt it will mean a whole lot for local employment numbers, but they will now have a big branch in San Antonio. https://www.crainscleveland.com/finance/victory-capital-gets-even-bigger-purchase-usaas-asset-management-business
  10. Dougal

    Cleveland: General Business & Economic News

    The WSJ says GE will sell GE Current to AIP, a NY private equity firm. This probably includes some or all of NELA Park. Hard to say yet if this is good or bad for Cleveland. Another version of the story (Bloomberg) says GE Lighting will be sold separately soon. https://www.wsj.com/articles/general-electric-to-sell-led-business-to-american-industrial-partners-1541507976?mod=yahoo_hs&yptr=yahoo Edit: more clarity from https://www.crainscleveland.com/manufacturing/ge-sell-commercial-lighting-unit-current-new-ceo-extends-overhaul The deal does NOT include NELA Park
  11. No real news, but it's a good read. Bert Stratton, who rents 25 Lakewood storefronts, says "Immigrants Are the Best Tenants." https://www.wsj.com/articles/immigrants-are-the-best-tenants-1541361836
  12. Putting the rental cars where they are was part of building up the Contnental hub - move the cars to make room for Concourse D. The master plan being developed will no doubt reconsider where to put the rental cars. There probably is no alternative worth pursuing in the meantime.
  13. What I meant to say was: I sure hope Richard Anderson doesn't convince Amtrak to rip out those comfortable Amtrak coach seats and put in six-abreast, airline-style butt-busters. Edit: I'm ok with subsidizing transportation. Governments have been doing it since Cyrus the Great.
  14. "Is Amtrak becoming too like the airlines?" asks the article. It's a valid criticism. I ride a regional train (not an Acela) regularly from New Carrollton (Wash DC burb) to NYC and I'd not be happy in an airline cabin. The price would have to come down to Chinese bus levels and it's pretty low now. OTOH, the airlines DO make money ... https://www.usatoday.com/story/travel/columnist/mcgee/2018/10/24/amtrak-service-fees/1740462002/
  15. The airport is developing a new master plan. which should be ready in a couple of years. By the 2024 time of construction, the airport's debt ($684 million on last Dec 31) should be well under $400 million and they can consider a billion dollar terminal project. Meanwhile, the airport will do what it has to to keep the present operation going. Getting to 15 million passengers would require either an airline to start a new hub or significant population growth; one or both of those will happen someday, but it won't be within the next few years. An intermodal hub could be developed independent of the airline terminal and much more cheaply. The county, however, would probably have to be the sponsor and it's hard to imagine the current county administration wanting to do that.
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