Industrial/Commercial Land Bank
Development in an urban core frequently means redeveloping or repurposing land and buildings in order to meet current market needs. The Department of Economic Development recognizes the need to invest in the redevelopment of brownfield sites as a key part of furthering the City of Cleveland's economy.
The Department’s Industrial/Commercial Land Bank (ICLB) is used by the City to strategically assemble properties to attract businesses and create long-term community investment and job creation. As the owner of land bank properties, the City conducts environmental assessment and cleanup activities in order to mitigate risks associated with distressed properties, with the ultimate goal of preparing commercial sites which are ‘shovel-ready’ for development. Since its inception, the ICLB has brought over 80 acres of industrial land back into productive reuse, and the Department has almost 120 additional acres targeted for acquisition, remediation, and future development.
If you are looking for shovel-ready, commercial or industrial development sites, the Industrial-Commercial Land Bank may have sites that fit your needs. Contact the Department at 216-664-2406 for more information.