Cuyahoga County Strikes It Big with Horseshoe Casino Revenue

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CLEVELAND -- Cuyahoga County is hitting the jackpot from the new Horseshoe Casino--to the tune of about $20 million a year in tax revenue.

Now the big question is what to do with the money?

Tuesday afternoon, Cuyahoga County Council members, along with suburban mayors, spent hours trying to figure out where to spend the millions.

Euclid Mayor Bill Cervenik suggested spreading it around.

"This funding, which is estimated at $18 million, possible more, could go a long way to helping the inner ring suburbs share in the growth that the city of Cleveland's going to receive,"  Cervenik said.

County Executive Ed FitzGerald wants the money to stay where it was made, in downtown Cleveland.

"To make an investment in a vibrant downtown is of benefit for tall suburbs  because employment is going to be here and you’re going to make the suburbs a more attractive place to live when you have a vibrant downtown," FitzGerald said.

Some council members have other plans, saying the money should go to economic development, police and education in neighboring cities.

FitzGerald, however, believes that in order to keep the tax money flowing in year after year, downtown Cleveland must continue to grow, long after the casino.

Council members will have a few more weeks to decide. The next hearing is scheduled for June 12th.

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