Property Transfer Authorized for Bedrock/Rock Entertainment Amphitheatre Project
Cleveland is moving forward with the property arrangements necessary to develop a new riverfront amphitheater in the downtown area. Through emergency ordinance 662-2026, City Council has authorized the Mayor and the Commissioner of Purchases and Supplies to acquire and subsequently re-convey property located at 401 Stones Levee. The property is currently owned by Starling Stone LLC, an affiliate of Bedrock, and the transfer is intended to establish a formal chain-of-title before the city adopts tax increment financing (TIF) legislation for the project.
What's in the file
The ordinance facilitates the development of the Bedrock/Rock Entertainment Amphitheatre Project, which is led locally by Bedrock Cleveland and Rock Entertainment Group. According to project presentations, the development includes:
- Construction of a new riverfront amphitheater with a 6,200-person capacity.
- The demolition of the easternmost existing warehouse structure at 401 Stones Levee.
- New storage and amenities tied to the amphitheater, which will be operated by Live Nation.
- The creation of approximately 60 new full-time equivalent (FTE) jobs.
The file also contains a Waiver Agreement signed by Starling Stone LLC. This document allows the City's Director of Development to use information provided by the applicant to evaluate and consider various forms of economic development assistance, such as grants, loans, or tax credits. Under this waiver, the applicant agrees that any information provided to the City is not considered "Confidential" unless specifically labeled as such at the time of disclosure.
The projected economic impact of the 30-year TIF is outlined as follows:
| Description | Value |
|---|---|
| Median annual TIF value to Developer | $331,175 |
| Estimated total 30-year TIF value | $9,935,267 |
| CMSD projected total new income | $16,073,010 |
| Estimated net increase in income tax and CMSD payments | $18,398,010 |
Who may be affected
- Starling Stone LLC (Property owner and applicant)
- The Mayor and Commissioner of Purchases and Supplies (Authorized to acquire and re-convey property)
- Director of Development (Authorized to evaluate financial assistance)
- Cleveland Metropolitan School District (CMSD) (Projected to receive new income through the TIF)
- Live Nation (Proposed amphitheater operator)
Status and timeline
- May 15, 2026: The emergency ordinance was introduced to City Council.
- July 15, 2026: The ordinance officially passed.
Residents can verify these details and monitor the progress of the project by reviewing the official record for File No. 662-2026.
Source record
- File
- 662-2026
- Type
- Emergency Ordinance
- Status
- Passed
- Committee
- City Council
- Introduced
- May 14, 2026