Council committee approves PACE assessment for Erieview Tower hotel Council committee approved a PACE (Property Assessed Clean Energy) special assessment to finance energy upgrades for the W-branded hotel component of the Erieview Tower redevelopment. The assessment (provided by Greenworks Lending LLC) covers up to $43,881,864 over 28 years and will be repaid via a special property tax assessment.

Cleveland is set to transform the Erieview Tower into a stunning hotel with a groundbreaking financing plan that aims to elevate energy efficiency and sustainability!

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