Casino Owners Plan to Buy Higbee Building

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Courtesy: Horseshoe Casino Cleveland

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CLEVELAND -- The owners of Horseshoe Casino Cleveland are looking to buy the historic Higbee building, according to Jennifer Kulczycki, Horseshoe Casino spokeswoman.

Casino developer Rock Ohio Caesars has put in a bid for $535 million in loans. A portion will go to buying the former Higbee department store. Currently, Rock Ohio Caesars rents space for Horseshoe Casino Cleveland.

Another portion of the $535 million in loans will go to building a skywalk across the intersection of Prospect Avenue and Ontario Street. The 170-foot glass bridge will connect the parking garage to the casino.

Kulczycki confirmed Rock Ohio has lined up financing and is taking steps to buy the Higbee building from Forest City Enterprises. The building purchase price and timeline on the sale were not disclosed.

The skywalk bridge has been approved by the Cleveland Planning Commission. The project now needs a building permit from the mayor for the project to begin.

Critics of the proposed bridge say the skywalk will divert visitors from local businesses, which the casino is supposed to benefit.

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