Cleveland's Municipal Services & Properties Committee convened on February 3, 2025, to discuss a significant reallocation of funds aimed at revitalizing the West Side Market. The committee approved an emergency ordinance allowing $3,096,087.79, previously earmarked for improvements, to be redirected towards ongoing enhancements at the market.
Jessica Trevisano, a senior advisor for major projects in the mayor's office, clarified that this legislation does not request new funding but rather facilitates the efficient use of already allocated resources. The city had previously committed $20 million for improvements at the West Side Market, and this reallocation will enable the nonprofit managing the market to leverage these funds alongside additional private and philanthropic contributions, potentially increasing the total investment to over $50 million.
The first phase of capital improvements will address critical repairs, including enhancements to the basement and East Arcade, the installation of a new elevator, and essential building envelope repairs. Trevisano emphasized that combining these funding sources will lead to greater project efficiencies and better outcomes for the community.
Committee members raised concerns about delays in utilizing previously allocated funds, particularly regarding urgent roof repairs. Trevisano explained that some funds remained unspent due to project delays and the strategic decision to integrate roof repairs into a more comprehensive plan, ensuring long-term solutions rather than temporary fixes.
The meeting also highlighted the successful acquisition of additional funding, including a recent $150,000 grant from KeyBank and over $360,000 from the Gund Foundation, further supporting the market's revitalization efforts. The nonprofit's ability to access tax credits is expected to enhance the financial viability of the project, with an estimated $10 million in tax credits anticipated.
As the city moves forward with these improvements, the committee underscored the importance of transparency and communication regarding fund allocations and project timelines. The West Side Market, a vital community asset, is set to undergo significant enhancements that promise to benefit both vendors and patrons alike.