As Dan Gilbert’s real estate firm gets ready to roll out the details of phase one of its riverfront development, a neighboring fixture on the banks of the Cuyahoga River since 1894 may not be around much longer. The long-closed Cleveland Thermal steam heating plant, 2274 Canal Rd., along with possibly other properties of Cleveland Thermal Generation LLC are in the process of being acquired, according to a real estate source.
It would take someone with deep pockets to acquire those properties for cash. And the prize property is the Canal Road plant that’s located next to a development hot zone. The plant is closed, rusting away and an eyesore — not something that’s befitting the $3.5 billion vision Gilbert and his Detroit-based Bedrock Real Estate have for the neighboring riverfront below Tower City Center. Demolishing the Canal Road plant would require significant clean-up costs, but it would allow Bedrock to start anew here.
Fuck Dan gilbert. Him and people like him have been sitting on so many awesome old buildings around the city that have been left to decay but still have amazing bones.
These people think downtown needs more hotels and expensive living while anyone around public square after 11pm are people with their pockets turned out because they gave all their money to the casino.
