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The Sound of Ideas - 3-29-2024 - Reporters Roundtable - Cleveland City Council signs off on financing tool to fund downtown development
Cleveland City Council gave its unanimous approval this week to Mayor Justin Bibb's plan to create a special taxing district to fund redevelopment of downtown and the city's waterfronts.
The Shore-to-Core-to-Shore tax increment financing district or TIF is expected by the mayor's administration to bring in $3.3 billion to $7.5 billion over the next 40 years. Taxes, except for those going to schools, would be plowed back into development.
Cleveland will begin borrowing to make massive infrastructure investments, with the hope that development creates more revenue down the line.
The city's ambitious plans for the development of its river and lakefronts featured in Mayor Justin Bibb's third state of the city speech yesterday. Bibb delivered the speech at the Mimi Ohio Theatre at Playhouse Square.
Black Elected Officials of Summit County wants Akron to pause its search for a new police chief. Chief Steve Mylett retired earlier this year and the city initially started a nationwide search. But a few weeks ago, Mayor Shammas Malik said the city instead would focus on an internal candidate citing a legal technicality.
A Cuyahoga County grand Jury has indicted former Ohio House Speaker Larry Householder on state charges related to the FirstEnergy HB 6 bribery scandal and the federal trial that landed Householder in a federal prison. Ohio Attorney General Dave Yost announced the charges this week. A state conviction, he said, would bar Householder from ever holding public office again.
We will discuss these stories and others on this week's Reporters Roundtable.
Guests:
-Glenn Forbes, Supervising Producer for Newscasts, Ideastream Public Media
-Abigail Bottar, Reporter, Ideastream Public Media
-Jo Ingles, Journalist/Producer, Statehouse News Bureau
The Shore-to-Core-to-Shore tax increment financing district or TIF is expected by the mayor's administration to bring in $3.3 billion to $7.5 billion over the next 40 years. Taxes, except for those going to schools, would be plowed back into development.
Cleveland will begin borrowing to make massive infrastructure investments, with the hope that development creates more revenue down the line.
The city's ambitious plans for the development of its river and lakefronts featured in Mayor Justin Bibb's third state of the city speech yesterday. Bibb delivered the speech at the Mimi Ohio Theatre at Playhouse Square.
Black Elected Officials of Summit County wants Akron to pause its search for a new police chief. Chief Steve Mylett retired earlier this year and the city initially started a nationwide search. But a few weeks ago, Mayor Shammas Malik said the city instead would focus on an internal candidate citing a legal technicality.
A Cuyahoga County grand Jury has indicted former Ohio House Speaker Larry Householder on state charges related to the FirstEnergy HB 6 bribery scandal and the federal trial that landed Householder in a federal prison. Ohio Attorney General Dave Yost announced the charges this week. A state conviction, he said, would bar Householder from ever holding public office again.
We will discuss these stories and others on this week's Reporters Roundtable.
Guests:
-Glenn Forbes, Supervising Producer for Newscasts, Ideastream Public Media
-Abigail Bottar, Reporter, Ideastream Public Media
-Jo Ingles, Journalist/Producer, Statehouse News Bureau
March 29, 2024