ClevelandDesignCity

Cuyahoga County will serve as the middleman for up to $60 million in loans to build dorms and a parking garage at Cleveland State University.

County commissioners on Thursday voted to approve bonds for the Euclid Avenue Housing Corp., a nonprofit organization created by CSU for development projects. The corporation, in return, volunteered to exceed the county’s small business requirements for the construction project.

“It’s certainly a win-win,” said Jack Boyle, president of Euclid Avenue Housing. “We’re going beyond what the county requires, but it’s also something we think is the right thing to do.” (go to article)