Tower City Center Blockchain Hub In Cleveland To Become An Entrepreneurial ‘City Block’
There were rumors going around about plans to convert Tower City’s struggling shopping mall into a blockchain-focused technology hub which turns out to be true.
Bernie Moreno, one of the leaders of Blockland Cleveland said:
“I started with a mindset that this could be a blockchain hub, and as we got more and more people engaged in the community and heard feedback, we adapted the mission to be much more focused on, what does the community really want? It was loud and clear that what they really wanted was a center for entrepreneurship that’s much broader than just tech and a lot broader than just blockchain tech.”
Bernie wants to make Cleveland a leading destination when it comes to blockchain. He is even gradually disassembling his car dealership empire to focus on his blockchain-based tech company. The car mogul sold seven car dealership franchises last week, leaving two locations to his name.
Moreno laid out his plan for what he described as something more than a home for developing blockchain technology, the original focus of his Blockland Cleveland organization at a meeting at the Cuyahoga County Finance and Budgeting Committee. No cost estimates for the project have been published, but Moreno estimated in the past that the redevelopment would cost somewhere in the neighborhood of $150 million.
Bedrock Chairman Jim Ketai released a statement saying that his company, which has studied multiple ways to adapt the depleted Tower City mall since it acquired the property in 2016, has “entered into negotiations” with the Blockland community.