Kim Palmer

Cleveland

Reporter at Crain's Cleveland Business

Journalist from Ohio, Cleveland native. Politics & Policy Reporter at Crain's Cleveland.

Articles

Cleveland City Council puts a hold on short-term rental, CDC ordinances

1 day ago | crainscleveland.com | Kim Palmer

Councilmembers Jenny Spencer and Kerry McCormack co-sponsored the pending short-term rental ordinance, which, if passed, will codify how — and how many — of the estimated 900 to 1,500 Airbnb’s and Vrbo rentals can operate in the city. Building on a 2016 “limited lodging” ordinance rushed through the council before Cleveland hosted that year's Republican National Convention, the measure requires short-term rentals to register with the city and to comply with a 15% density cap and visitor limits.
Cleveland proposes revised policy for short-term rental properties

2 days ago | crainscleveland.com | Kim Palmer

Cleveland is one step closer to finalizing a citywide short-term rental policy that would use density limits to curb the number of properties rented out on the popular Airbnb and Vrbo platforms. The ordinance, which details a new licensing process, zoning limitations, taxing and penalties for short-term rental owners, will be heard Tuesday, May 13, by members of the Development, Planning and Sustainability Committee.
Port of Cleveland's Foreign Trade Zones provide shelter from tariffs

6 days ago | crainscleveland.com | Kim Palmer

As businesses grapple with steep new tariffs on international goods, some companies are looking at the Port of Cleveland’s foreign trade zone to delay or mitigate those extra import costs. A foreign-trade zone (FTZ) is a specific site geographically located within the borders of the United States but legally not subject to Customs duties and other taxes.
Team NEO, GCP take stock of the region's strengths and challenges

1 week ago | crainscleveland.com | Kim Palmer

The Dolan family held court over the state of Northeast Ohio's economy this week, highlighting the region’s past success and growth while also acknowledging a cascade of challenges that businesses and civic and philanthropic groups face in light of federal policy uncertainty. On Tuesday, May 6, Paul Dolan, chair of the Greater Cleveland Partnership, helmed that organization's annual meeting, while on Wednesday, May 7, it was Team NEO CEO Matt Dolan's turn to offer up his perspective.
Cleveland Hopkins' $2 billion modernization plan has more parking, a larger terminal

1 week ago | crainscleveland.com | Kim Palmer

More than a thousand additional parking spots and a pedestrian walkway will mark the first step in Cleveland Hopkins International Airport's multi-phase, $2 billion Terminal Modernization Development Program. Airport Director Bryant Francis and Mayor Justin Bibb on Tuesday, May 6, publicly unveiled building renderings and a loose timeline for the first part of the more than eight-year project that will aims to create a more vibrant, accessible and modern airport.
Cleveland Index companies hit economic headwinds, still up on S&P

1 week ago | crainscleveland.com | Kim Palmer

Despite recent geopolitical headwinds, the stock associated with the 33 largest public companies in the Cleveland Metropolitan Statistical Area (MSA) continues to outperform the S&P 500. “The Cleveland Index outperformed the S&P a little more than 5% year to date,” said Andrew Burger, a principal and client adviser at Cerity Partners. The S&P 500 saw a 4.6% decline as of March 31 and a 5.8% drop in the month of March — the largest monthly percentage dip for the index since December 2022.
In Statehouse poll, lawmakers cast skeptical eye on bond plan for Browns stadium

1 week ago | crainscleveland.com | Kim Palmer

There's considerable skepticism in the Ohio General Assembly about the prospect of providing a $600 million sports facility bond to help fund an enclosed stadium for the Cleveland Browns in Brook Park, according to a new Statehouse poll.
Federal government announces 'accelerated disposition' of downtown Cleveland's Celebrezze building

1 week ago | crainscleveland.com | Scott Suttell |Kim Palmer

The U.S. General Services Administration (GSA) has officially put on the sales block the Anthony J. Celebrezze Federal Building in downtown Cleveland. A sale of the 40-story building, part of President Donald Trump’s plan to shrink the federal government’s real estate portfolio, is expected "to save taxpayers over $180 million in maintenance and redevelopment costs," GSA said in an announcement posted on its website late Thursday, May 1.
Ronayne hopes to spur action with $350M Browns stadium renovation pitch

2 weeks ago | crainscleveland.com | Kim Palmer

Cuyahoga County Executive Chris Ronayne is talking about the risks he believes would come with a $600 million bond for a new Cleveland Browns stadium in Brook Park and he hopes members of the Ohio Senate are listening.
Browns stadium saga has a new wrinkle after pair of state fiscal reports

2 weeks ago | crainscleveland.com | Kim Palmer

Ohio Sen. Nickie Antonio, D-Lakewood, on Monday, April 28, released a Legislative Service Commission budget office analysis that looked at “the constitutionality and economic implications of the Browns stadium funding provisions in the House-passed version of the budget (H.B. 96)." The LSC authors were upfront that they did not have all the data from a Robert Charles Lesser & Co. (RCLCO) study commissioned by HSG.