The Euclid Avenue Development Corporation (EADC), a nonprofit associated with Cleveland State University (CSU), is seeking a partner to deliver the arena, plus parking garage, and mixed-use entertainment and housing district in the city’s downtown corridor.
The arena will have 5,000+ capacity and will replace the Wolstein Center. It will host CSU basketball games as well as outside events like concerts, sporting events, and family shows. While the eventual partnership terms are slated to include financing, design, construction, operation, and maintenance of the facilities, the RFQ is focused on the qualifications of the lead developer and the authority said it does not require respondents to have a complete design/construction/operation project team named within this initial submission.
Development advisory firm Brailsford & Dunlavey is working with EADC on the project.
Interested parties have until August 4, 2023 to respond, and a request for proposals will be provided to shortlisted firms this Fall, with a preferred bidder expected by the end of 2023. The RFQ documents can be found here.
This is an excerpt from a subscription article originally posted by the P3 Bulletin. Read the full piece here.