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Cleveland Skyline View with Veterans Memorial Bridge in the evening lights.

Source: David Shvartsman / Getty

CLEVELAND – The Cleveland Metropolitan School District board will not be voting on the $250 million nuCLEus project at Tuesday’s board meeting as originally planned.

The project, being developed by Stark Enterprises, would add a 54-story tower complete with businesses, restaurants, a hotel and apartments.

CMSD said a meeting is being scheduled between city and county officials and Stark Enterprises in an effort to ensure all parties have a clear understanding of the project.

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Before voting, CMSD requested to be included in the meeting. Once the meeting of public stakeholders and Stark Enterprises occurs, the district will update the public on the project.

RELATED: Parents asked to weigh in on plan to divert tax money from Cleveland Metropolitan School District

In the proposal, CMSD would forego roughly $121 million in tax revenue for the next 30 years. In exchange, the district would receive $18 million payout up front.

If the plan is not accepted, the project could fall through.

 

READ MORE: News5Cleveland.com

Article Courtesy of WEWS News 5 Cleveland

Picture Courtesy of David Shvartsman and Getty Images

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