Agora Theatre redevelopment project wins energy-efficiency financing

Published by Cleveland Business Journal: A $15.5 million redevelopment project at the historic Agora Theatre and Ballroom complex in Cleveland’s MidTown neighborhood has qualified for a new type of low-interest financing based on its future energy efficiency.

“This is a way for us to make a tangible difference and overcome an objection a developer might have” to the additional cost of using energy-efficient design to their project, Baker said.

“In order to qualify for that rate, you need to meet a design specification that we put together with the New Buildings Institute,” Baker added.

The design specification requires energy-efficiency upgrades that will significantly reduce carbon emissions, she said.