how much money does cleveland casino make

The current process makes it hard to track exactly how much of the approved money gets spent on the intended projects across the city. “We should be able to use this funding to really engage the community so we can take care of their needs,” Starr told Signal Cleveland. This year, council passed legislation to relax casino-revenue spending rules. It’s a source of frustration for council members, who see themselves not just as lawmakers but as problem-solvers for neighborhood issues big and small. It can take months, and sometimes more than a year, to spend the money, leading some to call the process a bureaucratic “black hole.” Getting the money out into the community takes multiple steps: council legislation, contract agreements and – eventually – reimbursement payments.

The administration – which sends 85% of the casino revenue to the General Fund – pushed back. Earlier this year, council and the administration held a heated debate over casino funds. Council Member Richard Starr proposed that council receive half of the city’s casino revenue, rather than the current 15%.

How much money does cleveland casino make