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March 19, 2009
Forest City in the News
For some reason, Forest City Enterprises's Tower City Medical Mart proposal was so important to the company that they insisted on going back to the developer, Merchandise Mart Properties, with a revised proposal, only to lose out a second time.
The Cleveland Plain Dealer, Medical mart developer rejects Tower City site as 'nonstarter'
Mark Falanga, senior vice president of Merchandise Mart Properties Inc., said in letters to Cuyahoga County commissioners and Tower City owner Forest City Enterprises that a number of factors make the site a "nonstarter."
wkyc.com, Cleveland: Medical Mart planners reject Tower City site
CLEVELAND -- MMPI, the Chicago firm seeking to build the Medical Mart/Convention Center project is reaffirming its commitment to the site on the malls and resoundingly rejecting Forest City's proposal behind Tower City.
MMPI's MarK Falanga wrote Forest City and County Commissioners calling the Tower City site a non-starter citing sixteen specific issues including reconfiguring the Cuyahoga River, the site's size, inadequate meeting rooms, undesirable views, possible soil contamination and questions about Forest City's estimated costs.
The Cleveland Plain Dealer, Fair questions about Cleveland's med mart deserve detailed answers -- editorial
Forest City Enterprises's campaign to discredit the winning backroom deal has put doubt in the minds of the editorial board of Cleveland's main citywide daily.
Yahoo Finance, FCE-A
Last we checked, Forest City Enterprises was still trading below five bucks a share.
Posted by lumi at March 19, 2009 4:55 AM