PNC Center (Cleveland)
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PNC Center (Cleveland)
PNC Center (formerly National City Center) is a skyscraper located in downtown Cleveland, Ohio at the northwest corner of Euclid Avenue and East 9th Street. The building has 35 stories and rises to a height of , and was designed by Skidmore, Owings and Merrill. Construction on the building was finished in 1980. It served as the headquarters for the now defunct National City Corporation, and is now the Cleveland-area offices for PNC Financial Services. History In 1975, National City Bank had many of its office functions scattered in Downtown Cleveland. National City almost had moved from Downtown Cleveland to a suburban location but opted to remain in Downtown Cleveland. In 1977, National City announced plans for a new corporate headquarters in Downtown Cleveland. The cost was set at $50 million. Tax abatement, then a new form of financing, was used in its construction. Tax Abatement started in New York City under then Mayor Abraham Beame to spur growth in New York City aft ...
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Tax Abatement
A tax holiday is a temporary reduction or elimination of a tax. It is synonymous with tax abatement, tax subsidy or tax reduction. Governments usually create tax holidays as incentives for business investment. Tax relief can be provided in the form of property tax concessions to assure the investment of new businesses or the retention of existing ones. Tax holidays have been granted by governments at national, sub-national, and local levels, and have included income, property, sales, VAT, and other taxes. Some tax holidays are extra-statutory concessions, where governing bodies grant a reduction in tax that is not necessarily authorized within the law. In developing countries, governments sometimes reduce or eliminate corporate taxes for the purpose of attracting foreign direct investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished ...
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Skyscraper Office Buildings In Cleveland
A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-rise buildings. Historically, the term first referred to buildings with between 10 and 20 stories when these types of buildings began to be constructed in the 1880s. Skyscrapers may host offices, hotels, residential spaces, and retail spaces. One common feature of skyscrapers is having a steel frame that supports curtain walls. These curtain walls either bear on the framework below or are suspended from the framework above, rather than resting on load-bearing walls of conventional construction. Some early skyscrapers have a steel frame that enables the construction of load-bearing walls taller than of those made of reinforced concrete. Modern skyscrapers' walls are not load-bearing, and most skyscrapers are characterised by large surface ...
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List Of Tallest Buildings In Cleveland
Cleveland, the second-largest city in the U.S. state of Ohio, is home to 142 completed high-rises, 36 of which stand taller than . The tallest building in Cleveland is the 57- story Key Tower, which rises on Public Square. The tower has been the tallest building in the state of Ohio since its completion in 1991, and it also stood as the tallest building in the United States between Chicago and New York City prior to the 2007 completion of the Comcast Center in Philadelphia. The Terminal Tower, which at is the second-tallest building in the city and the state; at the time of its completion in 1927, the building was the tallest in the world outside New York City. The history of skyscrapers in Cleveland began in 1889 with the construction of the Society for Savings Building, often regarded as the first skyscraper in the city. Cleveland went through an early building boom in the late 1920s and early 1930s, during which several high-rise buildings, including the Terminal T ...
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National City Acquisition By PNC
The National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable loan losses during the subprime mortgage crisis. The deal received much controversy due to PNC using Troubled Asset Relief Program, TARP funds to buy National City only hours after accepting the funds while National City itself was denied funds, as well as civic pride for the city of Cleveland, Ohio, where National City was based. Pre-merger history Both PNC and National City's corporate histories date to the mid-19th century. National City was founded as the City Bank of Cleveland in 1845, while PNC was founded in longtime Cleveland rival, Pittsburgh, as the Pittsburgh Trust and Savings Company, in 1852. Both banks would later receive national charters under the National Banking Act, with National City being able to print U.S. currency until the United States Treasury assumed operations in the 1920s. Both would have str ...
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George Rickey
George Warren Rickey (June 6, 1907 – July 17, 2002) was an American kinetic sculpture, kinetic sculptor. Early life and education Rickey was born on June 6, 1907, in South Bend, Indiana. When Rickey was still a child, his father, an executive with Singer Corporation, Singer Sewing Machine Company, moved the family to Glasgow, Scotland, in 1913. They lived near the river Clyde, and George learned to sail around the outer islands on the family's sailboat. Rickey was educated at Glenalmond College and received a degree in History from Balliol College, Oxford, with frequent visits to the Ruskin School of Drawing. He spent a short time traveling Europe and, against the advice of his father, studied art in Paris at Académie L'Hote and Académie Moderne. He then returned to the United States and began teaching at the Groton School, where among his many students was future National Security Advisor McGeorge Bundy. After leaving Groton, Rickey worked at various schools througho ...
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Baker Hostetler
BakerHostetler is an American law firm founded in 1916. One of the firm's founders, Newton D. Baker, was U.S. Secretary of War during World War I, and former Mayor of Cleveland, Ohio. History , the firm was ranked the 73rd-largest law firm in the world. BakerHostetler is a multidisciplinary firm with six core practice groups—Business, Digital Assets and Data Management, Intellectual Property, Labor and Employment, Litigation, and Tax. In a 2020 survey by BTI Consulting Group, BakerHostetler was ranked among the top 30 firms considered to be the “Elite Member of the Client Service A-Team”, in terms of providing superior client satisfaction. In 2010, BakerHostetler represented Denbury Resources Inc. (NYSE: DNR), a member of the S&P 500, in a merger valued at $4.5 billion with Encore Acquisition Co. (NYSE: EAC). The transaction created one of the largest oil-focused independent exploration and production companies in North America. As a result of this and other similar deals, ...
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KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a network of firms in 145 countries, with over 265,000 employees and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. Over the past decade various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. History Early years and mergers In 1818, John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moxham & Co. and renamed it James Grace & Son in 1857. In 1861, Henry Grace joined James Jr. and t ...
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Travertine
Travertine ( ) is a form of terrestrial limestone deposited around mineral springs, especially hot springs. It often has a fibrous or concentric appearance and exists in white, tan, cream-colored, and even rusty varieties. It is formed by a process of rapid precipitation of calcium carbonate, often at the mouth of a hot spring or in a limestone cave. In the latter, it can form stalactites, stalagmites, and other speleothems. It is frequently used in Italy and elsewhere as a building material. Similar (but softer and extremely porous) deposits formed from ambient-temperature water are known as tufa. Definition Travertine is a sedimentary rock formed by the chemical precipitation of calcium carbonate minerals from fresh water, typically in springs, rivers, and lakes; that is, from surface and ground waters. In the broadest sense, travertine includes deposits in both hot and cold springs, including the porous, spongy rock known as tufa, and also the cave features known as speleot ...
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Bond Clothing Store
Bond or bonds may refer to: Common meanings * Bond (finance), a type of debt security * Bail bond, a commercial third-party guarantor of surety bonds in the United States * Chemical bond, the attraction of atoms, ions or molecules to form chemical compounds People * Bond (surname) * Bonds (surname) * Mr. Bond (musician), Austrian rapper Arts and entertainment * James Bond, a series of works about the eponymous fictional character * James Bond (literary character), a British secret agent in a series of novels and films * Bond (band), an Australian/British string quartet ** '' Bond: Video Clip Collection'', a video collection from the band * Bond (Canadian band), a Canadian rock band in the 1970s * ''The Bond'' (2007 book), an American autobiography written by The Three Doctors * '' The Bond'', a 1918 film by Charlie Chaplin supporting Liberty bonds * Bond International Casino, a former music venue in New York City Places Antarctica * Bond Glacier, at the head of Vince ...
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Ralph Perk
Ralph Joseph Perk (January 19, 1914 – April 21, 1999) was an American politician of the Republican Party who served as the 52nd mayor of Cleveland, Ohio. Early life Born to an ethnic Czech American family in Cleveland, Perk dropped out of high school at 15 and later took correspondence courses to earn his high-school diploma. He studied history, political science and mathematics at the Cleveland College of Case Western Reserve University and St. John's College in Cleveland. During the Great Depression he worked as a patternmaker, then worked with his brother George in running the Perk Coal and Ice Company. He went on to work in real estate, but returned to patternmaking during World War II to aid in the war effort, after the military rejected him due to earlier health problems resulting from kidney stones. Perk then moved into politics, becoming a precinct committeeman for Cleveland's Republican Party in 1940 and then assuming the leadership of the Southeast Air Pollutio ...
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