Politics & Government
Because of Market District Giant Eagle, City Increases Developer's Grant Award
Echo Solon will now receive a grant of up to $200,000 for building a high-end Giant Eagle Market District store at the plaza.
Echo Solon will now receive $200,000 grant from the city for redeveloping Solar Center into the new Solon Village shopping plaza.
The city had already agreed to pay the developer up to $140,000 for its $16.9 million investment at the plaza.
But with the news that the new will now be a high-end Market District store, the city decided to increase the grant to $200,000. Under the revised agreement, the grant would be paid in a three-year period, with $50,000 each in the first and second year and $100,000 in the third year.
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City Council members praised Echo Solon for their hard work on the project, and are pleased to bring the Cleveland area its first Market District store.
"I've gotten a ton of comments that residents are so impressed about the amount of work done in a short period of time," said Vice Mayor Ed Kraus. "These guys mean business."
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