Laserfiche WebLink
Bullock, Kepple, Litten, O'Malley, <br />Rader, Shachner <br />RESOLUTIONNO. 2021-57 BY: <br />A RESOLUTION to call upon the Cleveland Browns organization to fully remove <br />FirstEnergy's name and logo from the publicly financed and owned stadium and to call upon <br />FirstEnergy to voluntarily relinquish its naming rights to the stadium. <br />WHEREAS, beginning in 1990, Cuyahoga County voters approved the assessment of a <br />"Sin Tax" on all alcohol and cigarette sales throughout the County for the purpose of raising <br />funds to support the construction of professional sports facilities ultimately located in Cleveland, <br />Ohio (the "Sports Facilities"); <br />WHEREAS, the Sin Tax assesses a fee to all persons purchasing alcohol or cigarettes <br />throughout Cuyahoga County and the funds are earmarked for construction and maintenance of <br />the Sports Facilities; <br />WHEREAS, Cuyahoga County voters agreed to extend the Sin Tax on two additional <br />occasions (in 1995 and 2014) and Cuyahoga County will continue to assess a charge to persons <br />purchasing these items through the year 2035; <br />WHEREAS, these same Sin Tax funds were specifically used to assist the construction <br />and maintenance of the football stadium originally named and commonly referred to as <br />"Cleveland Browns Stadium" which opened in 1999; <br />WHEREAS, revenue generated from the sale of stadium naming rights was originally <br />intended to assist in paying down the public debt on the Sports Facilities, but this intended use <br />has not taken place; <br />WHEREAS, the Cleveland Browns organization sold the naming rights to the football <br />stadium to FirstEnergy Corporation in 2013 for a reported $107 million; <br />WHEREAS, FirstEnergy Corporation is a public utility regulated under the laws of the <br />state of Ohio and possesses a near monopoly on the sale of electricity to consumers throughout <br />Northeast Ohio and has no reasonable basis to spend lavishly on amenities such as naming rights <br />and luxury boxes at the Sports Facilities; <br />WHEREAS, since FirstEnergy Corporation acquired the rights to change the name of the <br />stadium to "FirstEnergy Stadium" it has repeatedly sought funding for its company operations <br />from Ohio ratepayers and has been granted state subsidies and guaranteed profits, resulting in <br />increased charges on the monthly electric bills of Ohio consumers across the region and state; <br />WHEREAS, in 2020, the U.S. Attorney for the Southern District Ohio charged several <br />individuals with felonies related to the passage of "House Bill 6," a bailout bill for FirstEnergy, <br />which provided additional subsides to FirstEnergy after investigators discovered that FirstEnergy <br />spent millions of dollars influencing state legislators to pass this legislation; <br />WHEREAS, in July 2021, FirstEnergy signed a "deferred prosecution agreement" with <br />the Federal Government in which FirstEnergy admitted its role in a wide-ranging criminal <br />