Cuyahoga County Council considers $40M bond issue to reimburse Cavs for arena repairs

On Tuesday, the administration of Cuyahoga County executive Armond Budish introduced legislation that included the proposed bond issue. The bond issue would provide funding to cover major repairs at both Rocket Mortgage FieldHouse ( known as Quicken Loans Arena until a recent name change ) and the adjacent Progressive Field , the home of MLB’s Cleveland Indians.

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A renewal of a tax for the benefit of Cuyahoga County for the purpose of supplementing general fund appropriations for health and human or social services at a rate not exceeding 3.9 mills for each one dollar of valuation, which amounts to 39 cents for each one hundred dollars of valuation, for two years, commencing in 2018, first due in calendar year 2019.

The Cuyahoga County Executive and Council are asking voters to approve a renewal of the 4.8 mill Health and Human Services on the May 8, 2018 ballot. issue 9 protects services to citizens throughout the County, children, seniors, families and residents throughout the County who are in crisis.

A proposal to issue bonds for projects of the Cuyahoga Community College District was on the ballot for Cuyahoga County voters in Cuyahoga County, Ohio, on November 7, 2017. It was approved . A yes vote was a vote in favor of increasing the city’s debt by $227 million by issuing bonds in that amount to fund the improvement of community college.

The district has boys' lacrosse club teams at South Elgin and Bartlett high schools. "As proposals come up, they would consider them, but that is not something.. on the tax, the county in fall 2015 sold $60 million in bonds to finance repairs. from the sin tax after a plan approved by Cuyahoga County Council in 2016.

CLEVELAND, Ohio – Cuyahoga County Council is considering whether to issue $40 million in bonds to reimburse the Cleveland Cavaliers for repairs the county is required to cover under the team’s.

It’s Wednesday, so it must be time for Cuyahoga County to spend more money on the Cavaliers’ arena:. Cuyahoga County Council is considering whether to issue $40 million in bonds to reimburse the Cleveland Cavaliers for repairs the county is required to cover under the team’s lease agreement on Rocket Mortgage FieldHouse.

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