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Weekly News and Opinion from Ohio's Newspapers
February 19, 2008 - February 25, 2008
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| Greetings! |
Welcome to the fourth issue of Economic News from Ohio's Regions, a new weekly newsletter from the Ohio Urban University Program and the Maxine Goodman Levin College of Urban Affairs, Cleveland State University. We'll search Ohio's papers to bring you economic news and key happenings that impact Ohio's regions.
If you would like to subscribe to this weekly newsletter, please click on the Join Our Mailing List link in the Quick Links column to the left and add your e-mail address to "Economic News from Ohio's Regions" list.
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The Foreclosure Crisis Continues
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Vacant Properties Cost Cleveland $35 Million
(The Plain Dealer, February 19, 2008) Vacant properties -- abandoned in part by a mountain of
foreclosures -- so far have cost Cleveland more than $35
million, says a study of eight Ohio cities to be released
today.
Statewide Support Surrounds Study (Greater Ohio, February 19, 2008) Greater Ohio Co-Director Lavea Brachman, who is also Co-Chair of
Rebuild Ohio, announced today the release of a comprehensive study
documenting the effects of vacant and abandoned properties in eight
target cities in Ohio-Dayton, Ironton, Lima, Springfield, Toledo and
Zanesville; the Columbus neighborhoods of Livingston-Driving Park,
Franklinton and North Linden; and the Cleveland neighborhoods of
Detroit Shoreway, Mount Pleasant and Slavic Village.
Want to Buy a Vacant Lot in Canton? (Canton Repository, February 21, 2008) The city recently formed a Land Bank Committee to
explore ways for the city to acquire vacant property with the intent to get the
vacant lots into the hands of neighbors and potentially developers. Uses could
include neighborhood gardens and small parks. Another goal is to acquire land
for market-rate housing and possible development projects. Vacant Properties Costly to City (Springfield News Sun, February 19, 2008) Vacant and
abandoned properties cost the city an estimated $1.14 million in lost property
tax revenues and code enforcement and maintenance fees in 2006.
Area Remains High in Housing Affordability (Toledo Blade, February 20, 2008) Despite soaring foreclosures, metro Toledo
remains one of the easiest places in the nation to swing a home
purchase, according to a report yesterday.
Number of Ohio Mortgage Brokers Takes Huge Hit in 2007 (WCPN, February 25, 2008) The
sub-prime housing crisis has lead to layoffs of employees by the thousands at
mortgage companies across the country, including 845 lost jobs in Ohio in 2007.
I'll Do Anything to Sell This House (The Chronicle-Telegram, February 25, 2008) The year 2007 was definitely a tough one for foreclosures in the county. A record 2,243
were filed in the Clerk of Courts office - an increase of 15.6 percent over
2006.
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News From Around Ohio
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Strickland Pushes to Sideline State School Board (The Plain Dealer, February 19, 2008) The governor's proposal would relegate the 19-member state school board and State
Superintendent Susan Tave Zelman to advisory roles. Some say the change is long
overdue; others worry that politics could trump good policy.
Editorial: Great Lakes water compact rewrite threatens region's future (The Plain Dealer, February 19, 2008) Ohio Senate's misguided attempt to rewrite a landmark water agreement threatens the
very foundation of this region's future.
Foundation Dollars to Ohio Economic Development Nearly Triple (AScribe Newswire, February 19, 2008)Philanthropic grants supporting economic
development activities in Ohio have tripled in the last 10 years to $24.6
million, according to a first-ever report released by the Foundation Center's
regional center in Cleveland.
Editorial: Strickland's FDR-style stimulus package is no way to help Ohioans (Cincinnati Enquirer, February 21, 2008) While Ohio's economy is languishing
with job growth averaging half of the nation rate, Governor Strickland's proposed
stimulus package only amounts to a recipe for economic disaster. Steel Mill No Longer Considering Ohio (Columbus Dispatch, February 22, 2008) Ohio apparently has lost out on a $1
billion steel plant because of a lack of movement on Gov. Ted Strickland's
electricity-regulation bill, which could affect power prices for years to come.
Pollution Higher in Ohio in 2006 (Columbus Dispatch, February 22, 2008) The amount
of toxic pollutants that businesses put in Ohio's air, land and water has increased for
the second year in a row.
Major Akron Project Gaining Traction (Akron Beacon Journal, February 22, 2008) A significant economic development project that could attract considerable
federal dollars to East Akron has been well
received by the House Transportation and Infrastructure Committee Chair who
recently toured the Goodyear Rubber & Tire Complex and the viewed beginning stages of the project.
Editorial: Career-technical schools help keep workforce well-educated, strong (Cincinnati Enquirer, February 23, 2008) Workforce
development. It's a phrase that has been used often recently by local, state,
and federal officials. The concept - providing programs that result in skilled,
educated professionals ready to work or continue their education - has been
practiced by career-technical schools for decades.
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