Investment in Cascade Plaza secures First Merit headquarters

April 16, 2013

Council gave the go ahead Monday evening for the city to finish rehabilitating Cascade Plaza's parking deck as the lynchpin of a deal that will retain 450 and add 150 jobs at First Merit Corporation in downtown. The bank, which occupies parts of two Cascade Plaza buildings, recently purchased a bank in Michigan and was being courted by state and local officials to move its corporate headquarters there. However, First Merit committed to staying and expanding in Akron when the city agreed to complete the renovations. Akron has already invested nearly $20 million over the past decade to repair leaks and damage to the 3,000 space parking deck underneath the plaza. The final phase will be to replace the dated concrete court between the buildings, which also serves as the roof of the parking deck and the entrance to First Merit, with a park-like plaza.

April 15, 2013 from Akron City Council on Vimeo.