Page 9 - Deborah Gray News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For more than a year, the historic area has been in the hands of a court-appointed receiver after its original owner defaulted on loan payments.

The city’s loan would allow the two nonprofit developers to buy the site, providing the owner with the money it needs to settle up with the out-of-town lender.

The plan to bail out Shaker Square was in limbo for several months after the square's council representative expressed concerns; Cuyahoga County's drug overdose deaths are the worst ever this year; Cleveland Cavs star rookie Evan Mobley will return for tonight's game against the Nets; and more stories.

The city will provide up to $12 million in loans toward an effort to usher the historic East Side shopping center into new hands. Nonprofits New Village Corp. and Burten, Bell, Carr Development Inc. hope to avert a foreclosure and take possession of the property.

Large crowds are expected for the funeral today for Bluffton Police Officer Dominic Francis; a stalled loan deal to pull Cleveland’s Shaker Square out of foreclosure is moving again; the Cleveland Guardians drop their first game of the franchise’s new era; and more stories.