In past interviews, leaders including David LaRue, the company's president and chief executive officer, have stressed that they're committed to Cleveland. The company does have local alternatives for its headquarters, including the Post Office Plaza building on the west side of Tower City. Forest City still owns Post Office Plaza, which is grappling with vacancies and is rumored to be losing Quicken Loans, a major tenant that appears likely to move into nearby space controlled by Dan Gilbert, the company's founder and chairman.
Quicken representatives have repeatedly declined to talk about a possible move. On Friday, a spokesman reiterated that the company doesn't comment on rumors.
Relocating to Post Office Plaza might be the simplest option for Forest City. But the $8.8 billion company, with projects and properties scattered across the country, could look at other locations – both within and beyond downtown Cleveland.
"They are going to go for a national search. So the city and the state are going to step up," Price said, alluding to the possibility that Forest City will seek financial incentives to stay put. "We need to keep them in Cleveland. The worst thing is that they move. We don't want that."
We welcome readers to submit letters regarding articles and content in Cleveland Scene. Letters should be a minimum of 150 words, refer to content that has appeared on Cleveland Scene, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.
Email us at email@example.com.
Support Local Journalism.
Join the Cleveland Scene Press Club
Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.
Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.