Friday, January 7, 2011

Important Med Mart Announcements Are Coming, Maybe

Posted By on Fri, Jan 7, 2011 at 4:10 PM

cleveland-med-mart.jpg

The first evidence that somebody might actually spend money at Cleveland’s Medical Mart is due to be revealed at a press gathering next Friday morning at Mall B downtown.

On tap for the groundbreaking: Names of the 49 businesses lined up to lease Med Mart space will be unveiled, in addition to a list of 31 conferences and trade shows committed to doing business in Cleveland, according to Med Mart spokesman Dave Johnson.

Those numbers, he adds, are changing every day. To illustrate: It was reported last week that there were 40 possible tenants, compared to 47 the week before. By Friday’s celebration, project coordinators expect the actual number of exhibitors to fall somewhere between 0 and 600,000.

Thus far, the tenants and conferences have simply signed letters of intent — the business-world equivalent of talking about maybe going to Taco Bell for supper. Johnson doesn’t know whether any letters have been converted to legally binding contracts.

“That’s the next part of the process,” he says.

Friday’s festivities are slated to include appearances by various important figures who have yet to be named but will surely say very nice things, and also sandwiches.

The official groundbreaking comes more than a week after backhoes and other heavy equipment actually broke ground at the site, in accordance with the project’s strict policy of not making any sense.— Maude L. Campbell

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