Sometimes big ideas need a little help to take the next step
toward development. The Predevelopment Matching Fund provides
financial support to property owners and developers in order to
complete crucial financial and architectural feasibility studies,
design development studies, prospective appraisals or historic tax
credit qualifications. These studies help to determine the
viability of a project before a significant investment is made.
In recent years, a number of stakeholders have accessed the
Predevelopment Matching Fund and supported funds of other downtown
organizations including Historic Gateway Neighborhood, Historic
Warehouse District Development Corp., Campus District,
and Cleveland Theater District Development Corp.
Through generous support from the Cleveland Foundation, The George
Gund Foundation, and the Kent H. Smith Charitable Trust, a number
of predevelopment studies on Downtown projects have been funded. In
addition, numerous matching grants (up to $10,000) have been
made totaling over $200,000 since 2006. Project uses
have included architectural and housing feasibility studies, a
downtown grocery store, mixed-use retail and parking, art space and
For more information contact Mark Lammon at
Downtown Cleveland Alliance.