Euclid Avenue Development Corporation (EADC)

The Euclid Avenue Development Corporation (EADC) is a Nonprofit/501(c)(3) corporation created to support 51ĀŅĀ× by facilitating 51ĀŅĀ× interest with financing, acquiring, and operating certain auxiliary facilities including Student Housing and Parking. The Corporation is also responsible for leasing retail space to commercial tenants in The Edge and Langston, as well as subleasing 51ĀŅĀ× property to third-party tenants (e.g., RTA Transit Center, Law School Incubator, 1901 E.13th St.).

51ĀŅĀ×/EADC Memorandum of Outstanding (MOU) allows 51ĀŅĀ× to perform administrative and operational services for EADC:

  • Financial Services
    • Accounting
    • Financial Reporting
    • Banking
  • Facilities Services
    • Construction
    • Maintenance/Repairs
    • Janitorial
    • Establishes protocols for quarterly reporting to 51ĀŅĀ× Board of Trustees

EADC Organizational Structure

EADC ā€œMembersā€ are current 51ĀŅĀ× Trustees

EADC Board of Directors as per Code of Regulations:

  • President, Nicole Addington - 51ĀŅĀ× Chief Financial Officer 
  • Vacant - 51ĀŅĀ× Controller
  • Secretary/Treasurer and Vice President, Sonali Wilson - 51ĀŅĀ× General Counsel
  • Community Directors (2 – 6)
    • Joan Chase - Senior Director, Fund for Our Economic Future
    • Tom Adler - Retired - Sr. Advisor Playhouse Square Management

 

EADC Board of Directors Meetings - FY 25

The meetings are held on Tuesdays, 10:30am – 12pm, unless otherwise noted.

Location: 51ĀŅĀ× Administration Center, 2300 Euclid Avenue, AC 208

  • September 24, 2024
  • December 10. 2024
  • February 11, 2025
  • June 10, 2025

 

Mailing Address
51ĀŅĀ×
2121 Euclid Avenue, AC 203
Cleveland, Ohio 44115-2214

Campus Location
Administration Center AC203
2300 Euclid Avenue]
Phone: 216.687.3673