whew boy -- talk about going big --
Here’s how a 1/4 percent sales tax can pay for new stadiums, airport and more for Northeast Ohio
By Zachary Smith, cleveland.comLucas Daprile, cleveland.com
Updated: Jul. 08, 2024
CLEVELAND, Ohio – Envision a future where Cleveland’s sports teams play in top-notch stadiums, and the city’s airport becomes a premier hub with minimal costs for airlines.
Cleveland.com and The Plain Dealer have proposed a groundbreaking way to fund these crucial facilities through a regional quarter-percent sales tax and manage them with a special commission. This plan would aim to generate $20.1 billion over 40 years, securing new stadiums for the Browns, Guardians and Cavaliers, relieving minor league teams of debt and building a state-of-the-art airport.
While it’s an ambitious and politically challenging idea, our analysis shows it’s financially viable and could finally bring regionalism to Northeast Ohio in a meaningful way.
more:
https://www.cleveland.com/news/2024/07/h...ums-airport-more-for-northeast-ohio.html