CHICAGO - A crucial piece of the financing puzzle for a sports complex planned in Cleveland fell into place last week when Cuyahoga County commissioners approved issuing $75 million of taxable bonds to complete the project's arena portion.

County Controller Roger Deicke said the combination of fixed- and variable-rate bonds would be sold the week of Sept. 14 in a deal headed by McDonald & Co. Securities. The bonds will be backed by non-tax revenues of the county, such as fines, fees, and investment earnings, he added.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.