Content area
Full Text
Add the Goodyear world headquarters project in east Akron to the list of proposed developments that have stalled due to the recent credit freeze.
The $900 million, 600-acre project, originally scheduled to break ground this past fall, grew out of a partnership between Goodyear Tire & Rubber Co., Industrial Realty Group (IRG) of Los Angeles, the state of Ohio, the city of Akron, Summit County and the Summit County Port Authority.
While the public financing portion of the project is in place, including a $30 million state tax credit to Goodyear for the retention of 2,900 jobs, the unwillingness of private lenders to finance almost anything these days has left the development in limbo.
"The financial crisis in this country is the thing that's...