DOWNTOWN CLEVELAND, OH (WOIO) –
Cuyahoga County Executive Ed FitzGerald made a major announcement Thursday regarding the distribution of public revenues for Cleveland’s three major sports facilities – FirstEnergy Stadium, Progressive Field, and Quicken Loans Arena.
Sources say Fitzgerald wants to make the distribution plan performance-based. In other words the better the team does, the more money you get.
FitzGerald said he will submit legislation to County Council that would reserve 20% of public revenues for stadium maintenance and distribute it between the Browns, Cavaliers, and Indians based on their success each year.
“Cleveland’s pro sports franchises are part of our identity and civic pride, and they serve as a rallying point for men and women of all ages and backgrounds,” said FitzGerald. “When voters approved Issue 7 last month, their minds committed to support world class facilities, and their heart hoped for Cleveland to be a championship city once again. The proposal I am announcing today is intended to operationalize the intent of Cuyahoga County residents and reward our local franchises for fielding competitive teams each year.”
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Cuyahoga Exec Ed FitzGerald Announces Sin Tax Distribution Plan was originally published on wzakcleveland.com