Check out what’s headed for the east bank of the Flats next year …
This would be phase II of the redevelopment of the east bank. Construction on phase I is already underway, where a 150 room hotel, 18 story office building, and a boardwalk (back right corner of the pic) are scheduled to open a year from now. This second phase would a 140 unit apartment building, a Toby Keith’s I Love This Bar & Grill, a Ken Stewart restaurant (yum), a Flip Side burger joint (one in Hudson, it is OUTSTANDING), a gourmet taco restaurant called Dos Tequilas, and also the addition of the popular Lago … which is moving here from Tremont.
With the development and evolution of East 4th, the revitalization of the Public Square area with the addition of the Horseshoe Casino, the addition of a Medical Mart and a new convention center, and now the rebuilding of the Flats … we’re finally cooking with gas here in CTown.
In large part, I judge cities by the atmosphere downtown on a weekday night when there’s not a game or concert going on. When I have clients come into town on one of those nights, looking for recommendations on what to do … it’s been tough. Easier now. Will be a lot easier with the casino in town and a redeveloped Flats area.
Cleveland is a GREAT town, for a million different reasons. Yet it does not have that perception nationally. And that’s because you have to get people here to see that it is. I’m not just talking about moving here. Conventions, trade shows, car ride vacations from the slew of major Midwestern cities within six hours of here. The Rock n’ Roll Hall of Fame inductions that are this weekend and will be here once every three years. This kinda stuff is what gets people from outside Cleveland to come to Cleveland.
It’s Friday the 13th. Second one of the year already, as January 13th of this year was on a Friday, and in that day’s Dish, I detailed my 13 favorite scary movies. There’s actually a 3rd Friday the 13th here in 2012, with another one coming in July. While every calendar year contains at least one Friday the 13th, three in one year only usually happens in leap years like this one, when it always happens. The last non-leap year to have three Friday the 13ths was 1987.
Friday the 13th is considered unlucky, but it’s tough to find consensus on the origin of why. 13 has always been considered an unlucky number, and Friday has been considered the unlucky day of the week since the 14th century.
The empirical data doesn’t match the superstition though. Historically, rates of minor and major accidents as well as natural disasters is no higher on Friday the 13th’s. Here are some notable events that have taken place on this allegedly unlucky day:
- On January 13, 1939, the single worst bushfire in Australian history struck Victoria, Australia, claiming 71 lives and causing widespread damage.
- The renowned rapper Tupac Amaru Shakur was pronounced dead on September 13, 1996.
- On August 13, 2004, Hurricane Charley slammed in to Southwest Florida as a Category 4 hurricane, the strongest hurricane to hit the United States since 1992.
- On January 13, 2012, the luxury cruise ship Costa Concordia sank in front of the island of Isola del Giglio, killing at least sixteen aboard and injuring 64.
Quote of the Day …
“Sometimes you get the bear, and sometimes the bear gets you.” ~ The Dude, from ‘The Big Lebowski’
Insane Fact of the Day …
Raw cashews are poisonous and must be roasted before they can be eaten.
The second best day of the year for the Dow after a bad jobs #?
Despite a much worse than expected first time jobless claims # yesterday morning, the Dow Jones Industrial Average rose 181 points yesterday to close at 12,986.
How is this possible? A couple reasons.
One – yesterday’s jobs # has all these people who have been discounting the possibility of a QE3 to “reassess their positions”. This change in stance has been reaffirmed the last couple days by Fed members who made speeches, cautioning that the economy is not strong enough to dent unemployment, and that the Fed is there and ready to accommodate if need be.
Two, earnings estimates are starting to roll in for the first quarter … and most have beat expectations. Important to remember – just because companies are starting to make more money, that does not automatically translate to more hiring. Been a rough few years for most businesses, and not many business owners are as confident as the investors out there that have run the Dow up to 13,000.
Stock futures are down this morning though. Overnight we got China’s 1Q GDP reading. It fell from 8.9% growth to 8.1% growth, failing to meet the expectations of 8.3%. China is the world’s biggest economy and this was its slowest quarter of growth in three years.
We also got the release of the Consumer Price Index (CPI) this morning. CPI measures the price of goods and services purchased by consumers and is the most widely cited inflation indicator and is used to calculate cost of living adjustments for government programs. CPI rose 0.3% in March, with “core” CPI rising 0.2%. Both were right in line with expectations.
The University of Michigan’s (who lost to Ohio U in the first round of the NCAA Tournament) consumer-sentiment data for April are set for release at 10 AM EST. And Federal Reserve Chairman Big Ben Bernanke is scheduled to deliver a speech in New York at 1 PM EST on the financial crisis and the policy response.
~ Weak China GDP Growth No Signal for Fresh Stimulus
~ What Will it Take to Move Bernanke on QE3?
~ Economy Now Facing the Biggest Bubble Since Housing Crisis?
~ Why Gas Prices May Have Peaked
~ Wells Fargo Beats Profit & Revenue Expectations But Shares Fall
~ JP Morgan Chase Profits, Revenue Beats Expectations
~ Country Music Spot Planned for Flats
~ How Hyundai Went From a Joke To a Contender in the US