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NATIONAL CITY BANK APPLAUDS GRAND OPENING OF VILLAGE POINT BUILDING

 NATIONAL CITY BANK APPLAUDS GRAND OPENING OF
 VILLAGE POINT BUILDING
 CLEVELAND, Nov. 27 /PRNewswire/ -- The Slavic Village Broadway Development Corporation (SVBDC) proudly wrapped a ribbon around the newly-renovated Village Point Building as part of the grand opening and ribbon-cutting ceremony held Nov. 22.
 The SVBDC completed a $561,000 commercial revitalization project, the Village Point Building (7100 Broadway). In 1990, National City Bank sold the building to the SVBDC for $1 after announcing plans to construct a new branch on a site across the street.
 "This is a happy gathering ... but it very easily could have been a sad gathering ... in a handful of years down the road we very well might have been on this corner watching the demolition of this structure ... a historical building would have been lost from the fabric of this community," said Councilman Edward Rybka (Ward 12) at the ceremony.
 "Instead, we have a win-win scenario ... a win-win for National City Bank in that they have contributed this building to become a true asset for this community ... and a win-win for National City Bank because they put up a first-class branch across the street which I know services the people, the businesses, and the industries of this community very well. The second half of the 'win' is for this community ... truly a success story."
 The project includes the renovation of a 12,000 square foot office building and the creation of an adjacent 30-car parking lot. The first floor storefronts will house three professional/retail tenants--an ophthalmologist's office, doctors' office, and a florist. The second floor will contain private office tenants, including the new headquarters for the SVBDC.
 The speakers at the grand opening ceremony included James Trzaska, chairman, and Mikelann Ward Rensel, executive director, SVBDC; Chris Warren, director, community development, City of Cleveland; Councilman Rybka; and William E. MacDonald III, vice chairman, National City Bank.
 "Together, with National City Bank, we have brought new life to the intersection of East 71st and Broadway," said Ms. Rensel.
 "This is a project representing incredible dedication by Slavic Village Broadway Development Corporation and this neighborhood," commented Mr. Warren.
 Formerly known as the Landmark Building, the building was the home of the Bank of Cleveland, known as the "Polish Bank," from the turn of the century until 1976 when it was acquired by National City Bank as its 49th branch. When an old fire station directly across the street was purchased by the Bank and plans finalized for a new branch to be built, the structure was sold to the SVBDC.
 Nearly $1 million was spent on the construction of the new National City branch and landscaping of the property. The branch was designed to complement the renovated buildings in the neighborhood, echoing the ethnic flavor of the community.
 National City Bank is the lead bank of National City Corporation (NYSE: NCC), a $24 billion diversified financial services company headquartered in Cleveland.
 -0- 11/27/91
 /CONTACT: Sharon A. Lamcha of National City Bank, 216-575-2316/ (NCC) CO: National City Corporation ST: Ohio IN: FIN SU:


CG -- CL010 -- 7898 11/27/91 17:01 EST
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Date:Nov 27, 1991
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