In this somewhat skeptical article about the new Medical Mart and Convention Center, Bloomberg writer David M. Levitt dissects the details of the deal. While he posits no predictions nor conclusions, he addresses many of the concerns held by local residents.

"Cleveland, which has poured almost $1 billion into such projects as three sports stadiums and the Rock & Roll Hall of Fame, is on the verge of spending $465 million in an effort to remake itself as the epicenter for the sale of medical equipment and supplies," the article states at the outset.

Billed as the brainchild of Delos "Toby" Cosgrove, CEO of the Cleveland Clinic, The Medical Mart will be a 422,000 square-foot exhibition center for medical products.

Tim Hagan, outgoing Cuyahoga County commissioner, says he believes that the Med Mart will transcend those earlier civic construction projects by attracting the kind of high-tech jobs the area needs. "I don't think a baseball stadium or football stadium or even the Rock and Roll Hall of Fame really redefines a community," he says. "High-tech medical, biotech, that's going to be the new face of the community. What we hope is, when you think of Cleveland, you think of a medical center."

In their most recent update, Mart operators say they have 40 letters of intent for the facility's permanent showroom, plus another 16 letters of intent for conferences, conventions and trade shows. (Though it hasn't released the names.)

Examine the rest of the story here.