Thursday, July 10, 2008
Put Up The For Sale Sign In Ohio: Aren't There Any Crown Jewels To Pawn When We Need The Money?
CLEVELAND (TDB) -- Middle Eastern investors flush with oil money have purchased the Chrysler Building in New York City. And earlier this year, they bought the General Motors Building, also a Manhattan landmark. But none of the wealth transferred overseas as oil money seems to be landing in Ohio, a state that once made many of the cars for the automakers those skyscrapers are named after. No crown jewels to pawn? Cleveland leads all U.S. big cities in population loss, the U.S. Census reported today. It is down to 438,042 residents. Akron, Dayton and Toledo also lost population over the past year. Columbus gained from 742,976 to 747,755. Cincinnati also grew, from 331,632 to 332,458.