Proposed Financing Support for East 9th Street Project
The City of Cleveland has passed an emergency ordinance to assist with the financing of a new development project located at 2060 East 9th Street. Through Ord. No. 693-2026, the Director of Development is authorized to enter into a Tax Increment Financing (TIF) agreement with East9th Scarlet, LLC, or its designee, to support the East9th Scarlet, LLC Project.
What's in the file
The ordinance establishes a framework to assist the East9th Scarlet, LLC Project through a Tax Increment Financing structure. Key provisions include:
- Authorizing the Director of Development to execute the TIF agreement with East9th Scarlet, LLC or a designated partner.
- Providing for payments to be made to the Cleveland Metropolitan School District.
- Declaring that specific improvements to the real property at 2060 East 9th Street serve a public purpose.
This legislation is connected to Ord. No. 615-2026, which established the East Side TIF District and outlines how service payments in lieu of taxes are distributed to the Cleveland Municipal School District and specific city funds.
Who may be affected
- East9th Scarlet, LLC: Authorized to enter into the financing agreement for the project at 2060 East 9th Street.
- Cleveland Metropolitan School District: Recipient of payments provided for under the agreement.
- Director of Development: Authorized to enter into the official agreement on behalf of the city.
Status and timeline
- May 29, 2026: The ordinance was introduced to City Council.
- August 19, 2026: The emergency ordinance was passed.
Residents can verify these details and view the full text of the application and related documents by visiting the Cleveland City Clerk's website.
Source record
- File
- 693-2026
- Type
- Emergency Ordinance
- Status
- Passed
- Committee
- City Council
- Introduced
- May 28, 2026
Official documents
- 693-2026 TIF - E 9th Scarlet, LLC 2060 E 9th
- 693-2026-A -2026 File-TIF - E 9th Scarlet, LLC 2060 E 9th
- 693-2026 Waiver
- 693-2026-Project Scarlet - CBA FINAL - FULLY EXECUTED (1)
- 693-2026 Amend 693-2026
- 693-2026-as amended-desk copy-Final (TIF E9th Scarlet LLC)
- 693-2026-Presentation- East 9th Scarlet, LLC
- FINAL VERSION City Record August 28, 2026 Page 15