“As the Haslams and the city of Cleveland begin negotiations for what’s next for FirstEnergy Stadium, members of the Cuyahoga County Progressive Caucus used its monthly meeting in March to talk about what, if any, role the city and county should play in subsidizing renovations. (Spoiler: Very little to none.)
And to remind everyone of an under-looked fact: What’s next for the city includes still paying off the original construction costs of the stadium.
“[We] still owe about $53 million in bonds to pay off the current stadium,” Steve Holenko, CCPC’s political director and host of Wednesday’s discussion, told the attendees over Zoom. “So, maybe they’ll still be tearing it down and still be paying it off?”
Read more of Scene’s coverage of the March CCPC Meeting here!
