QUAD TO QUAD
Partners in Renaissance
Making good on its commitment to build community partnerships and contribute to the Cleveland renaissance, Case recently launched a new program that provides financial assistance to employees purchasing homes in the city.
Through its new Employer-Assisted Housing Program (EHP), Case will provide full time, regular university employees up to $15,000 toward the purchase of a home near Case and up to $10,000 toward the purchase of a home anywhere in the city of Cleveland.
In addition, full-time Case employees who already own houses in Cleveland may be eligible to receive up to $1,000 toward renovations.
The partnership between Case, the City of Cleveland, University Circle Incorporated, and other local community development corporations, in consultation with Fannie Mae, is partly the result of Case’s “Great Universities and Their Cities” colloquium. The national conference in 2003 focused on “town-gown” partnerships, and one breakout session explored how universities can contribute to the revitalization of their cities, particularly through home-buyer programs.
A Nobel Achievement
 For the first time, a graduate of Case’s Weatherhead School of Management has received the Nobel Prize. In October, Edward C. Prescott, a 1964 master’s of science graduate in operations research, won the 2004 Nobel Prize in Economic Science with Finn E. Kydland from Carnegie Mellon University and the University of California at Santa Barbara for their theory on business cycles and economic policies. The two will share the $1.4 million award.
Dr. Prescott is currently the W.P. Carey Chair and professor of economics at Arizona State University’s W.P. Carey School of Business and a senior monetary advisor at the Minneapolis Federal Reserve Bank.
Dr. Prescott joins a prestigious group of fourteen scholars, researchers, and innovators among Case’s faculty and alumni who have been honored with Nobel Prizes.
The Nobel Prize in economic science—formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel—was established in 1968, and is the only Nobel award not stipulated in Alfred Nobel’s will in 1895.
http://www.case.edu/news/2004/10-04/nobel_prescott.htm
Photograph of Dr. Prescott courtesy of Arizona Stat
Westward Expansion
Case is extending its campus west, into downtown Cleveland. Later this year, more than 300 university employees will move to the Halle Building at 1228 Euclid Avenue. Case recently signed an agreement with Forest City Enterprises Inc., to lease 80,000 square feet of office space in the building.
Several of Case’s peer universities, including Columbia, Johns Hopkins, and Carnegie Mellon, have moved some of their central administration offices to the downtown area of their host cities—moves that have enhanced collaborations between the universities and communities.
The space Case will occupy in the Halle Building will be renovated over the next several months, and the university expects to relocate employees in mid-2005.
In a temporary move, the Office of Alumni Relations, Programs, and Events (ARPE) has been reassigned to the BioEnterprise Building until the lease begins at the Halle Building. Originally built in 1910 as the Halle Brothers upscale department store, it closed and is now reconfigured into a 392,000-square-foot office building.
For more information about the ARPE move, see the Alumni Journal.
Have We Got a Deal for You
In an effort to strengthen its commitment to serving the community that serves underrepresented and disadvantaged populations, Case’s Mandel School of Applied Social Sciences is offering a scholarship in the form of a twenty-five percent tuition discount to employees of county human service agencies throughout Ohio who wish to pursue their master’s degree in social work. Current participating counties are Cuyahoga, Summit, and Trumbull in northeastern Ohio, and Butler County, near Cincinnati.
Employees of human service agencies in other Ohio counties will be eligible in the coming months, and the discount also may be expanded to county service agency employees nationwide.
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