Old Brooklyn Remains Committed to Revitalization of Memphis & Pearl

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Wednesday May 18th, 2022

The Old Brooklyn Community Development Corp. will continue to pursue opportunities to create a vibrant future for the neighborhood’s prominent corner of Memphis & Pearl.

“We are disappointed the Ohio Housing Finance Agency decided not to award tax credits to the proposed project. However, it does not affect our commitment to fostering a vibrant future for the dilapidated Memphis & Pearl property,” says David Margolius, board president of Old Brooklyn CDC.

Old Brooklyn’s Memphis & Pearl Master Plan, reviewed favorably by the Cleveland Planning Commission earlier this year, will move forward. “We will continue the community's work to explore opportunities to transform the neglected property into a successful anchor of the Brighton Corridor, our neighborhood's unique main street,” Margolius says.

“It has been a privilege to work with The NRP Group on its forward-thinking residential and business plan for the property. While their immediate plan will not move forward this year, our multi-year work to bring new development and reenergize this prominent property continues,” says Lucas Reeve, interim executive director of Old Brooklyn CDC.