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Downtown
July 4, 2008 9:18 a.m. By Dan O’Brien
To others, they’re welcome and tangible signs that the central business district continues to draw interest -- and dollars -- on its path to revitalization. “We’re excited to be on the A decade ago, the Last year, Sweet Jenny bought the landmark John R. Davis building on West Federal Street from the Youngstown Central Area Community Improvement Corp. Over the last eight months, the company has spent nearly a half million dollars to renovate the structure and relocate the Faniro firm to its new offices there. Earlier this week Faniro moved into the second floor of the “We did this with our own money,” Hagman said. “We’re now in a position where we feel we can actively participate in the renovation of downtown.” Sweet Jenny’s development is one of several projects under way in the central business district. Since 2000, more than $100 million has been spent on or committed to new projects -- most funded by public sources -- that are either finished or in various stages of development in or near the downtown. Among these projects over the last decade were a slew of new government buildings: the In addition, infrastructure improvements such as the reopening of And, downtown investment numbers were clearly boosted in 2005 with the completion of the $45 million Chevrolet Centre – the majority of which was funded through a $26.8 million federal grant. Meantime, new restaurants, taverns, and entertainment venues, such as the expansion of the “We’ve got enough to keep us busy here,” said T. Sharon Woodberry, city economic development director. Projects such as the Frangos Group’s $7 million renovation of the Woodberry reports that a new tenant for the food court at Other projects completed this year include the $5.8 million Another project the city supported through its incentives programs is the Entrepreneur Jacob Harver said he is putting about $100,000 of his own capital at risk to renovate a building and start the new shop next door to Imbibe, a nightclub that opened three years ago. “Hopefully, in the next two months we’ll be open,” he said. Harver said the café will feature a variety of artistic performances that include live music, one-act plays and other forms of entertainment. “It’s going to have a more mellow atmosphere than other bars or clubs in the downtown,” he says. Workers were busy renovating portions of the building Wednesday. Harver intends is to strip off what he describes as the “wretched tile” from the front of the building and restore the brick façade. “We need a place that reflects the atmosphere of downtown And, the attraction of downtown prompted the Mahoning Valley Historical Society to purchase the Harry Burt/Ross Radio Building on West Federal and convert the three-story structure into a new The building is a piece of Still, downtown has seen its share of challenges in recent weeks. About a month ago, downtown’s largest landlord, Lou Frangos, president of The Frangos Group, approved a plan to remove some 500 windows from the 12-story As a result, the downtown landmark sat blighted and exposed to deterioration from the elements. The city then forced Frangos to resecure the 500 windows that had been removed. Last Friday, workers began to reinstall them and by Thursday had nearly finished the side of the building that faces Frangos noted the window replacement is proceeding on schedule, as are his other projects. Workers this week began tearing off portions of the roof of “They’re going like gangbusters now,” Frangos said. Frangos, a Cleveland-based investor who controls a large parking operation in that city and The Erie Terminal project, he noted, would be geared toward housing students who attend Strengthening the link between downtown and YSU is one justification for the university’s decision to build its $34.3 million Williamson College of Business Administration in a section just north of the central business district. Demolition work on five buildings to make way for the new business school has begun. Workers started to remove asbestos from the buildings last week. The new business school is expected to open by the fall semester of 2010. |
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