Cleveland City Council held a six-hour meeting Tuesday on a proposal to spend public money on expanding Quicken Loans Arena.
This upcoming Monday, the measure will go before council鈥檚 finance committee, which is typically the last stop before a vote on the floor.
The deal would extend Cleveland鈥檚 admissions tax for another 11 years, up until 2034. An estimated $88 million in revenue from collections at the Q would help pay down the debt on renovation work there.
Money left over each year would go into a reserve fund, as the mayor鈥檚 chief of staff, Ken Silliman, told council.
鈥淎nd that鈥檚 what we are putting away in the event we need it when we eventually talk to the Indians about a renewed lease,鈥 Silliman said.
The Indians鈥 lease on Progressive Field is set to expire in 2023.
Rev. Richard Gibson testified on behalf of the faith group Greater Cleveland Congregations. He said the deal should include benefits for city neighborhoods, too.
鈥淏ut as we look at this transaction, we are not anti-Cavs, we are not anti-Q, but this deal is not the most equitable for our community,鈥 Gibson said.
Defenders of the deal said events and employees at the Q contribute millions in tax revenues, and that the project would support construction jobs.
鈥淲hen the public and the private pull together in the same direction in a town,鈥 Terence P. Joyce of Laborers Local 310 told council, 鈥渨e can get a lot of things done, we can put a lot of people to work, and we can keep Cleveland on this great roll that it鈥檚 on.鈥
Last week, to that would be used to finance the arena project.