Thursday, November 21, 2013

Cleveland Convention Center Headquarters Hotel Project City Council Presentation

Cleveland, Ohio - Here is the Cuyahoga County Proposed $260 million Convention Hotel presentation given to Cleveland City Council's Community and Economic Development Committee this morning.  The related legislation approving a non-school tax incremental finance deal and $8 million tax exempt bond contribution to the project passed with one opposition vote (Cummins).

Cleveland would enter into a collaboration agreement with the County and Port Authority. Cleveland is being asked to contribute $8 million to the deal, plus a non-school Tax Incremental Finance deal for the project. This would be a publicly owned hotel, owned by the County and run by Hilton Hotels & Resorts.

Presentation by County:

Other resource information:

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