Too Profitable Parking Lots Stymie Downtown Development

"When a Los Angeles businessman scooped up prime property in the Warehouse District last year, a groan arose among those who see down town revival as the key to Cleveland's future. The $5.5 million purchase gave Duane Cameron another asset for his company's impressive real estate portfolio. But it was no deal for Cleveland. Instead of becoming what would-be developers envision - a shining residential magnet for urban pioneers who want to live where they work and play where they live - this critical corner was consigned to remain what it had been for the better part of two decades: a parking lot."