CIMPERMAN: It's clear that we're in a time of winter, not only in our seasons, but in terms of our economy. The markets are cold, the city of Cleveland couldn't sell a municipal bond right now if it wanted to. I think that what's being reflected in the Flats project is that financing is difficult to come by.
Cimperman says he believes the Flats project will be up and running in the Spring, after the markets settle down. Two of the projects biggest tenants --- the Ernst and Young accounting company and the law firm of Tucker, Ellis and West --- also expressed confidence that the project would go forward.