Newsmakers of the Year NEO’S Top People, Companies and Trends of 2016 | Pages 13-20
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VOL. 37, NO. 51 DECEMBER 19 - 25, 2016 CLEVELAND BUSINESS Newsmakers of the Year NEO’s top people, companies and trends of 2016 | Pages 13-20 Entire contents © 2016 by Crain Communications Inc. Illustration for Crain’s by Randy Palmer December 19, 2016 www.ClevelandFoundation.org/Purpose ADVERTISEMENT Turning Passion Into Purpose WITH THE CLEVELAND FOUNDATION 2016 American League Champion Cleveland Indians Rally Together for Larry Doby Youth Fund -YHUJVUHLU[PYLYVZ[LYJVHJOLZZ\WWVY[Z[HɈHUKV^ULYZOPW NP]L TPSSPVU[VWYV]PKLHZZPZ[HUJLHUKYLZV\YJLZ[VOLSW curb youth violence As the beloved Cleveland Indians had pooled together more than “Larry Doby is geared up for the post-season this fall, $1 million. an icon in our Manager Terry Francona recognized an community, and opportunity to do something amazing. “I think it was the proudest moment in the Cleveland It was workout day prior to the my baseball life,” Francona would later Indians are true American League Division Series, and tell the press. champions for as the players spoke to media and the continuing his civic clubhouse mobilized for a perfect face- e idea arose to name the eort in legacy at all levels of o against Boston, Francona was also honor of Larry Doby, who was the the organization,” busy collecting donation forms from first African-American player in the said Ronn Richard, players and sta for underserved youth major league and the second to break President and CEO in Cleveland. the professional of the Cleveland baseball color Foundation. “By He had reected barrier. The giving back to on the national team requested Cleveland and Top: 2016 Cleveland Indians Right: Cleveland Indians mood around permission serving their Manager Terry Francona. community- from Larry youngest fans, the police relations, D o b y ’ s Cleveland Indians and their uniformed particularly in family, which personnel in this instance demonstrate our nation’s enthusiastically once again why we are proud to root for urban centers, gave approval. the home team.” and felt “I think it was the compelled “He endured In less than a week, the Larry proudest moment to offer help. many unfair Doby Youth Fund of the Cleveland With so many hardships and Foundation was incorporated with an in my baseball life.” headline challenges, express purpose to provide assistance -Terry Francona, incidents and handled to the underserved youth of the city involving Cleveland Indians Manager everything by supporting nonprot organizations minority youth, with the in Greater Cleveland that provide he turned to educational assistance and resources to professionalism the African- help curb youth violence. and grace that American for nonprot organizations in January and have generously donated to e players on e Larry Doby statue outside Progressive Field defined him,” “We were thrilled to work with the 2017. A committee of Cleveland Larry Doby Youth Fund. We are very the team for Francona said. team and help them achieve their Indians ownership, management and fortunate to be a part of Major League perspective and advice. “It is in Mr. Doby’s spirit we have philanthropic goals,” said Kaye Ridol, players will review the requests for Baseball, and we accept the social created e Larry Doby Youth Fund.” Cleveland Foundation Senior Vice funding and select their rst round of responsibility that comes with that— Then, with the World Series run President of Advancement. “Their grantees, which will be announced in to use our resources to directly make looming large, Francona challenged e Indians turned to the Cleveland athletic success has already taken our the spring. an impact on the underserved youth the team to pause and reflect on Foundation for administrative support, city to new heights, and everyone is of our community, and to make our their fortunate position in the league including investing, grantmaking excited to see how their generosity “We have enjoyed a special season here community better.” in Cleveland because of the incredible and to make a dierence in the city expertise and online and text-to-give makes an impact in the future.” where they play. In just four days, options that allowed fans to donate to group of individuals in our clubhouse,” For more information on the fund, Francona, the entire roster and all the Larry Doby Youth Fund throughout The Cleveland Foundation will Francona said. “ey are committed to visit: www.ClevelandFoundation.org/ coaches, support sta and ownership the post-season. announce the grant application process the city in which they live and work LarryDobyYouthFund. To learn more about giving through the Cleveland Foundation, please call 877-554-5054. GROWING WITH PURPOSE FOR 102 YEARS (VWDEOLVKHGLQDVWKHZRUOG·VÀUVWFRPPXQLW\IRXQGDWLRQWKH )RUPRUHLQIRUPDWLRQRQWKH&OHYHODQG)RXQGDWLRQSOHDVHYLVLW &OHYHODQG)RXQGDWLRQKDVKHOSHG*UHDWHU&OHYHODQGHUVWXUQWKHLU ZZZ&OHYHODQG)RXQGDWLRQRUJDQGIROORZXVDW SDVVLRQLQWRSXUSRVHIRUPRUHWKDQDFHQWXU\7KHIRXQGDWLRQLVRQHRI )DFHERRNFRP&OHYHODQG)RXQGDWLRQ or#&OHYH)RXQGDWLRQ on 2KLR·VODUJHVWJUDQWPDNHUVDQGRQHRIWKHODUJHVWFRPPXQLW\IRXQGDWLRQV 7ZLWWHUDQG,QVWDJUDP LQWKHFRXQWU\ZLWKDVVHWVRIELOOLRQDQGJUDQWVRIPLOOLRQ CRAIN’S CLEVELAND BUSINESS | DECEMBER 19 - 25, 2016 | PAGE 3 Making a full court press for Quicken Loans Arena renovation Artist renderings of the proposed exterior and interior rennovation of Quicken Loans Arena. (Cleveland Cavaliers) Glass wall highlights $140 million public-private proposal for refurbishing aging facility By JAY MILLER rately it turns out — that the arena However, Cleveland city council- injects $245 million in direct spend- man Je Johnson said he’s against it. [email protected] ing annually into the community. “I am not going to vote for it,” he @millerjh First, the $245 million gure is a said in a telephone call. “I believe it’s calculation of spending in 2016. an exciting project but I don’t think In typical Cleveland fashion, the at’s a gure that won’t be achieved the admissions tax should be used. It community’s government, business in future years. Second, it doesn’t should be all private dollars.” and civic leaders are going “All In,” in discount the number for what is e deal also will put a crimp in Cavalierspeak, to sell the planned called substitute spending. the eorts of Destination Cleveland $140 million in renovations at Quick- Asked in an email exchange with to attract visitors at a time when the en Loans Arena to the public. Crain’s to break down that number, organization is trying to sell the city e united community push — and CSL president Bill Rhoda said the g- to vacationers and convention plan- maybe a little overselling — for the $140 ure includes between $40 million ners in the positive glow created by million transformation is designed to and $45 million generated by the Re- the successful GOP convention, the keep the Cavaliers in the building, and publican National Convention. In Indians' World Series trip and, ironi- the city, for the next 18 years. addition, in the text that supports the cally, the Cavaliers winning the Na- e project will put an additional nancial impact analysis that came tional Basketball Association cham- 75,000 square feet of space under up with that $245 million, CSL notes pionship. e organization was long roof, enclosed by a glass curtain wall. that, “it is estimated that approxi- considered underfunded, at about $7 e space will be used to make it eas- mately 25 to 30 percent of the direct million annually and it worked hard ier and quicker for the Cavaliers’ ca- spending … would take place locally over the last decade to raise that. pacity crowds to enter the building, regardless of the presence of the Are- In a telephone call, Dan Walsh, creating more selling space for arena na and Team.” chairman of the convention and visi- concessionaires and more gathering at’s money that would be spent tors bureau, and David Gilbert, the space for Cavs fans. on restaurants, movie theaters or organization’s president, voiced their e plan is for the city and the other entertainment venues instead support for project that would take a county, with the acquiescence of of on basketball tickets and hot dogs little more than $2 million a year — Destination Cleveland, the publicly if the city had no basketball team. $44 million over 18 years — from the funded tourism nonprot, to cover So, subtracting $40 million in RNC annual $16 million budget they use half the $140 million cost of improve- buildings, paid for largely or entirely aging partner of the Squire Patton spending and reducing the direct to promote the region. ments to Quicken Loans Arena with with public money. Boggs law rm, pointed out with spending gure by another $61 mil- “We think the Q renovation is im- the owner of the Cavaliers, the build- It would be hard to nd an econo- pride at the news conference that it’s lion (25% of the $245 million) that portant for the city and important for ing’s prime tenant, paying the rest mist who would agree that spending to the advantage of Cleveland that it would mean that $144 million is a our portfolio,” Walsh said of one of and, importantly, agreeing to pay any $70 million, much less $140 million, is the smallest city with a trifecta of more accurate gure of the future - the major attractions the bureau pro- cost overruns. of public money on a place where teams in three major league sports. nancial impact of Quicken Loans Are- motes. “We denitely are at a peak It’s a major nancial commitment 20,000 people who can aord tickets Meeting with Crain’s Cleveland na on the community. at 59% re- and will continue to grow as a com- for the city and the county, both of costing $50 or more can watch multi- Business after the news conference, duction, in turn, would reduce as well munity from a tourism perspective. which are strapped nancially. How- million-dollar athletes play basket- Budish said, “is is crucial to our the $44 million in annual tax revenue So we’re looking at smoothing the ever, as Cuyahoga County Executive ball is sound scal policy.