Port Authority owned MedCon hotel will fare worse than the Port Authority owned University Square parking garage

Submitted by Jeff Buster on Wed, 12/18/2013 - 20:07.

cleveland cuyahoga port authority convention hotel medcon university square mall parking structure

Image 0ctober 2013  Top deck section at University Square Mall parking garage closed with caution tape.

On left is empty JoAnn Fabrics store.   Store at far end of deck (behind 5B light post)  has never been rented.  

I have never seen parking structure more than 10% occupied.   The Port Authority owns the 40.5 million dollar parking structure. That means the County taxpayer owns the parking structure.   

Will the Port Authority owned MedCon hotel be as much of a loser? or more of a loser?

Detroit, show us the way...

P1640722-University-Square-parking-structure-owned-by-Port-Authority.jpg42.63 KB
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