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A Greater Cleveland: How urban renewal re-shapes a city


CLEVELAND: Mitchell Schneider, president of First Interstate Properties, and Scott Wolstein, chairman and CEO of Developers Diversified Realty, will provide insight on using urban renewal as a tool for economic development at noon on Wednesday, February 8, at The City Club of Cleveland. Dan Moulthrop, host and producer at WCPN-FM, will moderate.


Cleveland is undergoing a vast transformation as an urban center. Real estate development is at the heart of this transformation as unused, blighted or anachronistic areas require a new direction to serve as linchpins for sustained economic and civic growth.

Why do urban centers need redevelopment? What are some of the long-term implications for action/inaction on urban redevelopment? What are the roles of government and the next generation of civic leaders, developers, bankers, and contractors?


Mitchell Schneider created First Interstate Properties in 1989 to develop large scale open-air, multi-tenant retail facilities. In 15 years, First Interstate developed eight major shopping center projects in northeastern Ohio, including Legacy Village in Lyndhurst. First Interstate is also the developer of Steelyard Commons, scheduled to open in the spring of 2007.

Scott Wolstein has been CEO and a director of Developers Diversified Realty since 1992, and chairman since May 1997. He is currently a member of the board of governors and executive committee of NAREIT – National Real Estate Investment Trusts, board of directors of the Real Estate Roundtable, and the boards of several civic organizations. He is a member of the Urban Land Institute, PREA and Visiting Committee and Advisory Council for Case’s Weatherhead School of Management, to name a few.


This special program is organized by The City Club New Leaders, which develops significant opportunities for civic involvement and freedom of speech among young professionals under the age of 40. The program is sold out, but media is invited to cover it.






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