Cleveland, OH
West Side Market renovations to begin after $28 million investment package
CLEVELAND — The remaining funds for the first stage of construction related to West Side Market transformation project have been secured, thanks to a $28 million investment package.
The deal was closed by the Cleveland Development Advisors (CDA) and Cleveland Public Market Corporation (CPMC), according to a press release. It includes various tax credits and funding.
“We are incredibly grateful and thrilled that the Market is receiving the largest investment financing package that CDA has made,” said Rosemary Mudry, executive director of Cleveland Public Market Corporation (CPMC), the nonprofit that operates West Side Market. “Working with our government, corporate, investment and philanthropic partners, we have been able to leverage a complex set of funding tools to take our first steps in bringing this ambitious vision to life. It’s a testament to the time, energy, and passion that so many in this community want to invest in the Market and its future.”
The release states that PNC Bank, National Association is New Market Tax Credits investor. They say PPG Industries, Inc. is the historic tax credit equity investor. The Community Development Financial Institution (CDFI) Healthy Food Financing Initiative is also providing a loan for $2 million.
“The remaining phase one financing comes from a coalition of government, corporate, and foundation partners, including $23 million from the City of Cleveland,” the release reads.
Cleveland Mayor Justin Bibb said, without the New Markets Tax Credits, there would be no West Side Market project.
“These credits unlock investment in communities that traditional markets have long overlooked,” he said in the release. “They don’t just help projects happen — they help communities rise.”
Yvette Ittu, president and CEO of the CDA, said this serves as a statement of purpose.
“The West Side Market is one of the few places where Cleveland’s history, culture, neighborhoods and economy come together,” Ittu said in the release. “Our largest investment to date is in a public market that nourishes our people, supports small businesses and connects communities. That’s the kind of future we’re proud to build.”
The first stage of the renovations amount to $53 million and includes overhauling infrastructure, adding new food storage coolers, a commercial kitchen and more, according to the release. It will also transform the East Arcade, adding HVAC and basement access.
Other phases will include work to the North Arcade and Courtyard, a basement renovation and the addition of seating and private event and educational space/programs.
The release states that the project will retain 250 jobs and create 144 new ones. They also say it will support more than 425 construction jobs.
In total, the transformation project will amount to $68 million in renovations to the market.
“A community asset like the Market needs broad community support,” CPMC board president David Abbott said in the release. “We are extremely grateful for the public, corporate and philanthropic investment we have received so far, and we are eager to enlist an even wider array of backers so we can finish this important job.”
You can learn more about the market here.
The Cleveland Cavaliers have traded out of the 2026 NBA Draft.
The Cavs had the No. 29 overall selection on Tuesday night. But Cavs President of Basketball Operations Koby Altman decided to trade that selection to the Sacramento Kings in exchange for No. 34 overall and a future second-round selection.
At No. 29 overall, the Cavs will send the Kings UConn forward Alex Karaban.
“It’s in the distant future,” a source told cleveland.com’s Chris Fedor about the future second-round selection acquired in this deal.
Reports from Fedor surfaced early Tuesday morning that the Cavaliers could be interested in bailing out of the first round. By late Tuesday night, Altman was able to execute a trade that sets the Cavs up for further flexibility in the offseason.
Why the Cavs traded out of No. 29 overall
The Cavaliers would’ve owed the No. 29 pick a guaranteed salary just under $2 million.
Because the Cavs are in the lone second apron – and could be looking to shed salary this offseason – ditching the No. 29 overall pick saves the Cavaliers a couple of bucks.
Second round picks are non-guaranteed, two-way deals. That gives the Cavs the financial flexibility they’re looking for.
What the Cavs could do at No. 34 overall
This is a talented draft class. A few high profile players slid into the second round.
UNC center Henri Veesaar is still waiting to hear his name called. The 7-foot center could be a backup to Jarrett Allen and Evan Mobley. Duke wing Isaiah Evans is also still waiting to hear his name called, and could fill a big position of need for the Cavaliers. Arkansas guard Maleek Thomas was consistently mocked to Cleveland, and he slid to Day 2 as well.
There’s always a chance that Altman could trade back again.
Second round draft picks are valuable because they could be used as sweeteners in trades this offseason. For example, in exchange for a team taking on the contract of a player like Dennis Schroder or Max Strus, the Cavaliers might want to attach a second round draft pick to make the package more appealing to a trade partner.
Flexibility should be the name of the game for Altman as he tries to improve Cleveland’s roster this offseason. The Cavs won’t have a first round draft pick until 2028. But bailing out of Tuesday night’s first round will give Altman plenty of options on Wednesday and into the rest of the offseason.
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University of Minnesota star wrestler Max McEnelly won the 2026 NCAA national championship at 184 pounds, and he’s now set to face superstar Bo Nickal at Real American Freestyle (RAF) 12 on August 22nd in Cleveland, Ohio.
THIS MATCH UP🔥
Bo Nickal takes on Max McEnelly August 22 in Cleveland at RAF12.
Tickets in bio. Stream exclusively on @foxnation pic.twitter.com/loEWdeb5pZ
— Real American Freestyle (@RAFWrestlingUSA) June 22, 2026
McEnelly is preparing for his redshirt junior season with the Gophers, and Nickal is 9-1 as a professional mixed martial arts (MMA) fighter, following a storied collegiate wrestling career at Penn State. Their freestyle wrestling match will be contested at 215 pounds.
RAF is an American freestyle wrestling promotion that was founded by Chad Bronstein, Terri Francis, and Hulk Hogan in 2025. The August 22nd show at Rocket Arena will be the one-year anniversary of the promotion. The fights will be broadcast on FOX Nation.
Nickal most recently competed at UFC Freedom 250 at the White House, where he defeated Kyle Daukas via first-round finish. He’s now 6-1 in his UFC career. His match against McEnelly will be his second under RAF. He defeated Jacob Cardenas via decision at the promotion’s first show last summer.
Nickal is 6-foot-1, and he wrestled at 197 pounds at Penn State. He competes at the 185-pound middweight division in the UFC, so he might have a slight size advantage over McEnelly, who’s 5-foot-10. The event will be a high-profile opportunity, as McEnelly continues to establish himself as one of the best pound-for-pound wrestlers in the country.
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CLEVELAND, Ohio (WOIO) – A man was killed Friday after being shot at a gas station on the city’s East side.
Cleveland police said they responded to the Sunoco in the 3300 block of E. 93rd St. around 8:30 p.m.
According to police, officers were in the area when they heard gunshots.
When officers arrived at the gas station, they found the victim with gunshot wounds.
Officers immediately began to provide first aid until EMS arrived and transported him to University Hospitals.
Carl Formby, 49, died from his injuries at the hospital.
Officers said they found two firearms and several casings at the scene.
The Cleveland Police Homicide Unit is investigating the incident.
Copyright 2026 WOIO. All rights reserved.
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