The manufacturing base is dead. Doesn't mean the city is dead. Cleveland is a rust belt city, no? Headquartered in Cleveland is one of the largest law firms in the world (Jones Day), one of the largest banks in the country (Key Bank) and one of the best hospitals in the country (Cleveland Clinic).
While Cleveland certainly has its share of problems, the city is by no means dead. Just because a transition is difficult doesn't mean it isn't worthwhile.
“While Cleveland certainly has its share of problems, the city is by no means dead. Just because a transition is difficult doesn’t mean it isn’t worthwhile.”
Huh? Cleveland is broke as the day is long. Try driving around the city sometime. The blight has extended to the near suburbs and is growing. One has to go pretty far out of the city to get into a decent suburb, (there are a couple of close by nice suburbs for the doctors at CCF).
Transition... right. Cleveland is transitioning the same way Detroit is transitioning, right into the dumper. But there will always be someone saying:
Go ahead, eat it, really, it’s chocolate pudding, you like it.
Take away their domestic clients and what do you have?
Very few people in this world have the funds to use a American hospital or need a US law firm. And I just can't see Cleveland competing with London or Frankfurt is Capital management :^0