Posts Tagged Jay Miller
Some Interesting Stuff Dished by Crain’s Cleveland Business
Posted by Roldo Bartimole in Economic Development, Media on May 14, 2010
May 14, 2010… You will have to subscribe to get it but a daily news alert from Crain’s Cleveland Business has a couple of blogs that provide links to all kinds of interesting items and articles.
They are written daily by Scott Suttell and Joel Hammond. You find tidbits and more substantial links to all kinds of interesting information, typically about business and sport matters. What I’d like to see would be similar blogs from Crain reporters as Stan Bullard and Jay Miller.
Here’s a link to Crain’s this week. But you do have to subscribe to get the Daily News Alert:
http://www.crainscleveland.com/section/toc
Have a good weekend.
Better to Take City Funds to Gilbert’s Casino
Posted by Roldo Bartimole in Economic Development, Media on March 9, 2010
March 9, 2010… I’ve got a bridge to sell you. Cheap. Just send along a big check. We’ll tell you how helpful it was some time in the future.
Mayor Frank Jackson and City Council are ready to give $1.1 million to Nehst Studios to help finance three movies the company expects to make in just over a year, according to a piece by Jay Miller of Crain’s Cleveland Business. It’s a loan that will allow Nehst to arrange $11 million in financing.
(PLEASE, CITY OFFICIALS, SAVE THIS $1.1 MILLION AND SEND SOMEONE OVER TO THE CASINO WHEN IT’S BUILT. BET IT ON SOMETHING. MAKES BETTER BUSINESS SENSE.)
I wonder who at City Hall has the expertise to invest more than a million bucks on some Hollywood (made in Cleveland) movies. Oh, hell, details, details.
The film, Miller writes, will also benefit from $7 million in Ohio tax credits.
Hey, let’s find some more goodies for these guys. I’m sure that Cuyahoga County will chip in with some Arts and Culture money.
Miller doesn’t cite a source of the city funds. They were voted out of the Council’s economic development committee. I suspect it comes from UDAG repayments. These are subsidies given, usually at no interest and for up to 20 years before they are repaid, by the city via federal funds. When repaid they go back to the city.
Since most of these funds were used for downtown projects – such as Tower City and the Key Center and Marriott Hotel for our friends the Ratners and Dick Jacobs – the funds should be used for Cleveland’s neighborhoods.
But they’ll be going to this New York film company, which now also has offices in the Cleveland Convention Center. Rent free, of course. With option to renew. Hilarious.
Here’s a bit about the film company:
http://nehst.com/_media/_pdf/ClevelandBootcamp.pdf
And all you Clevelanders lining up for parts in these Cleveland-produced movies bring cash:
http://www.cleveland.com/movies/index.ssf/2010/01/nehst_studios_web_site_asks_so.html
Desperate people do dumb things.