Monday, December 06, 2010

Cleveburgh Economic Development

I've been kind of watching this, not quite comprehending it all, but Blomberg has a good synopisis of Cleveand's big new bet on a $465 million project that defies description a bit.    See:

Cleveland Bets $465 Million Vornado Can Revamp Economy as Health-Care Hub

I have to say that even after reading that detailed exposition, I still don't get what it is.  Some kind of pseudo convention center and exposition space dedicated to medical equipment. 

That story is a bit amazing in that it has a bit of everything. Politics of course.  Some legal and crimimal investigations impacting it all.  A Drew Carey mention. The Kennedys.  Middle Eastern capital. Even a somewhat gratuitous TM quote in there for example.. and Murph has a point commenting that they seem to intend to build this all on spec. Another version of the story quotes him as calling it a shot in the dark even.

You know, we're pikers.  This thing beats anything we have for sheer story. The thing I wonder about is I alaways thought we sold ourselves as a medical devices cluster.


Anonymous Anonymous said...

Underpants gnomes at work in Cleveland. 1. Build enormous, suburban-looking specialized convention center. 2. ? 3. Profit!

It seems to me that building something like this right as virtualization and so on are coming into their own is a bit anachronistic. Sort of like building a state of the art blacksmithery while Henry Ford is rolling out the Model T. They mention competition from Nashville, but not the Internet.

Monday, December 06, 2010 3:31:00 PM  
Anonymous The Wiz said...

Seems like an interesting concept; a single center where architects, engineers, hospital board members, financiers and more can see what he latest technologies are so they can build the best, most efficient hospitals. A place where doctors, nurses and other medical personal can go for training on the newest gizmos and techniques.

But the price tag seems extremely high, especially since they are using an existing building. But when government is involved that is to be expected.

Imagine if this concept works. Other cities could then copy it for different specialties. Permanent centers displaying the latest in computers, one for heavy equipment, one for automotive, maybe one for manufacturing.

Why Pittsburgh could host one for steelmaking and return us to our old glory days! Just added that last one just for Chris.... lol

Tuesday, December 07, 2010 9:03:00 AM  
Blogger C. Briem said...

I thought for sure you were about to suggest a spaced solely dedicated to Marcellus Shale.

Of course we already have the Consol Energy Center which I thought for sure was an exhibition space for the coal industry.

Tuesday, December 07, 2010 9:19:00 AM  
Anonymous The Wiz said...

Surprisingly, I do think of more than NatGas, though I admit I am borderline obsessed with that topic at this time....and speaking of which... I see you were quoted in the Sunday PG on your comments on the New York moratorium and your feelings that perhaps gas people should boycott NY also.

I wanted to point out that the NY decision was a moratorium that should last six months to a year and is not a permanent ban as it is in Pittsburgh. (Or at least it is portrayed as permanent in Pittsburgh, not withstanding legal issues) The gas companies are still working in NY, drilling different gas fields, mainly vertical wells. Plus they are still leasing land, acquiring pipeline right-of-ways, doing seismic work, and more so that they are ready to go full steam ahead once the moratorium is lifted.

To the topic on hand, I don't know if it will be successful or not. I am afraid the huge upfront costs are staggering. But it may work as there are hundreds of medical suppliers looking to do business with thousands of hospitals. And the year round access may be a big advantage to those in the constantly changing health-care field especially if they have training centers in the newest techniques and equipment.

An annual convention of medical suppliers in Vegas can be expensive to attend, restrictive in scheduling, and can be difficult to get anything more than an introduction to any suppliers or their technology.

The more I think about it, the more I like it.

Tuesday, December 07, 2010 3:20:00 PM  
Blogger usefulcommunitydevelopment said...

A permanent trade show for that kind of money? Seems to me this would have diminishing returns. There's a reason that they put up a computer show or a broadcasting show in Las Vegas for about a week or less and then take it down.

Part of the fun of a trade show is seeing others in the trade; if that is diluted into a trickle of folks per day, it doesn't seem very economical, first off, and secondly, it doesn't seem that it would be as much fun as going to a real-world, time-delimited conference.

Maybe the world is just dying to go to Cleveland as a junket to see the latest medical equipment, but somehow I can't see the Chinese and Indians jumping at the chance.

Tuesday, December 07, 2010 8:56:00 PM  
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