Cleveland port authority passes Eaton Corp. financing deal

06/24/2009 | Plain Dealer (Cleveland), The

The Cleveland-Cuyahoga County Port Authority voted unanimously to help finance Eaton Corp.'s move from downtown Cleveland to Beachwood. The port authority will issue bonds to buy the land and build the new headquarters, and Eaton Corp. will lease the site from the port. Eaton estimates that the new headquarters will cost $170 million to build.

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Plain Dealer (Cleveland), The

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