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No Private Market? No Problem for Port Authority

May 31, 2023
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No Private Market? No Problem for Port Authority
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YOUNGSTOWN, Ohio – The Western Reserve Port Authority is buying properties “that only government could love,” says its executive director, Anthony Trevena. And in so doing, it’s positioning them for productive use where more than likely local governments would not.

Case in point:  The port authority is finalizing the language of land purchase agreements with Steward Health, but it already has a potential project for one of the 26 properties included in the $300,000 deal.

That building, 1915 Belmont Ave. in Youngstown, has housed a movie theater, a grocery store and a medical supply company. Trevena says the port authority has a project in mind for the property, which most recently was used for storage, and is in the early stages of due diligence.

“We’re having conversations with a group that’s interested in the property,” Trevena says. “We’re very,…

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