File #: 98-2026    Version: 1 Name:
Type: Emergency Ordinance Status: Agenda Ready
File created: 1/26/2026 In control: Finance, Diversity, Equity and Inclusion Committee
On agenda: 3/23/2026 Final action:
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Development to enter into a Tax Increment Financing Agreement with Westinghouse-Breakwater Properties, LLC, or its designee, TW58 Cleveland, LLC, and/or another designee, to assist with the financing of the Westinghouse Redevelopment Project to be located at 1200 West 58th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.
Sponsors: Austin Davis, Jasmin Santana, Blaine A. Griffin, By Departmental Request
Indexes: DEPARTMENT OF DEVELOPMENT , TAX INCREMENT FINANCING ( TIF ) , WARD 07
Attachments: 1. 98-2026-TIF for Westinghouse-Breakwater Properties for 1200 W 58, 2. 98-2026-A File - TIF for Westinghouse-Breakwater Properties for 1200 W 58, 3. 98-2026 Legislative Summary, 4. 98-2026 & 104-2026-PRESENTATION

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Development to enter into a Tax Increment Financing Agreement with Westinghouse-Breakwater Properties, LLC, or its designee, TW58 Cleveland, LLC, and/or another designee, to assist with the financing of the Westinghouse Redevelopment Project to be located at 1200 West 58th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.