Ariel On Broadway

New Markets Tax Credit Coalition

Lorain,
OH
(2018)

Ariel On Broadway

Formerly the Spitzer Hotel before it sat vacant for more than a decade, the Broadway Building was an eyesore on the city's main thoroughfare until it was revitalized.

Investment

NMTC Amount: $400,000
Total Project Cost: $8,700,000

IMPACT

22 FTE jobs
30 construction jobs

CDEs

USBCDE

Investor

US Bank

Project Description

Rehabilitation of a historic landmark that was originally built in 1925. The facility, which now drives tourism dollars to the reason, has great views of Lake Erie, the Lighthouse, the 2nd largest bascule bridge in the world, and the Black River.

The beautiful 55-room hotel is conveniently located near everything that Lorain has to offer including fishing, boating, hiking, kayaking and more, and provides easy access for traveling to and from the Palace Theater, Lakeview Park, and the Vermilion River Reservation.

MAP

Address: 301 Broadway, Lorain, OH 44052

Census Tract: 39093097300

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