CLEVELAND (AP) - The city's transit agency wants to develop a $14 million, 14-acre hotel and restaurant complex adjacent to a rebuilt commuter train station near Cleveland Hopkins International Airport.
The proposal outlined Tuesday would be the first of its kind developed by the Greater Cleveland Regional Transit Authority, which carries nearly 60 million bus and train riders yearly.
As proposed, it would be developed at the Brookpark train station, which is scheduled for reconstruction. The station reconstruction was included in the estimated cost of the project.
The cost would be split between RTA and a Beachwood developer, Gil Singerman. RTA hopes to recoup its investment over 25 years through lease payments for land and shared revenue.
RTA spokesman Jerry Masek said there was no timetable to decide about whether to go ahead with the development. Singerman said he hopes to begin construction within months and finish in three years.