The Observer, March 31, 2006
Volume XXXVIII, Issue 22
Charter One investment is positive for Unversity Circle
On Tuesday, Charter One announced that it would be investing $150 million in grants and low-interest loans in University Circle and other neighboring areas in an attempt to improve the vitality of these areas. Not since Case announced its college town plan last year have any serious moves been made to get the ball rolling. While plans for the Triangle property have yet to move forward, and while the Museum of Contemporary Art (MOCA) made the decision to move into the property by 2008, we have yet to see retail or commercial business flock to the area.
However, by offering incentives for businesses and residents to move into these areas, Charter One has created opportunities that are imperative to the economic success of this area.
Anyone who has been in this area for more than a few weeks has seen its shortcomings. There is a lack of pedestrian traffic through the busiest or nicer areas – Wade Park is known for its gorgeous springtime scenery, but may be better known for its high rate of after-dusk crime. Only a handful of dining options exist on or around campus – besides Falafel Café, Rascal House, and Quizno's the corner of Mayfield and Euclid has little more to offer. The Case "bubble" – as it is often referred to by students – actually serves as a barrier and does not allow for interaction with the neighboring community.
This investment by Charter One could be exactly what University Circle has needed to build its reputation as a college town. If this money can be channeled into productive ventures – the type that live up to the commercial potential of this area – then perhaps we can continually attract new businesses, fostering the growth and revitalization of what we know as Case. Once this part of University Circle begins to thrive, the surrounding neighborhoods will be more appealing, thus drawing in new residents.
Another perk is that once a company as large as Charter One has expressed interest in the community it might inspire others to do the same. After Peter B. Lewis withdrew support for the university and its subsidiaries a few years ago, he cited the institutions' lack of community involvement and management of funds as reasons. These new initiatives could encourage him and others to rejoin the revamping of University Circle.
As all of this has developed, it is disconcerting that Case – which ostensibly anchors University Circle – has taken little action to realize its goal of improving the collegiate environment. While it may not be entirely up to the university to develop its surroundings, Case has a responsibility to pave the way – not let other (more financially stable) entities do the work for them.
Case needs more than vision; it needs results. Students deserve a real college experience, and thus far, Case has yet to deliver. However, with the help of outside investors, University Circle could be an enjoyable place to live.
