TOTAL PUBLIC SHARE COST - Cleveland Pro-Sports Facilities

1,064,819,020 2010 $Dollar Value 597,500,880 FirstEnergy Stadium 467,318,140 Gateway: Quicken Loan Arena & Progressive Field 713,413,538 1999 & 1993 $Dollar Value 453,488,530 FirstEnergy Stadium 259,925,008 Gateway: Quicken Loan Arena & Progressive Field

Estimated Cost of FirstEnergy Stadium as reported in 2000

314,000,000 800,000 2,000,000 35,000,000 351,800,000 Reported Revised Cost Utility Work Lighting, stadium neighborhood Interest paid on construction loan TOTAL

SOURCE: Mayor's Final Cost at Stadium 25% Over, Christopher Quinn, Plain Dealer, 6.24.2000
http://www.scribd.com/doc/121356848/Mayor-s-Final-Cost-at-Stadium-25-Over-Plain-Dealer-6-24-2000

$464 million in 2010 dollars, annual inflation of 2.54 from 1999 - 2010.
(Calculation made for comparison of Total Costs, 2013 Judith Grant Long calculations)

Calculation of City's principal and interest costs, using avg 4.2%: 355,613,290 TOTAL = $202,000,000 Bond Principal; $124,545,300 Interest 170,000,000 OUTSTANDING = $128,000,000 Principal; $42,000,000 Interest Calculation of TOTAL PUBLIC COSTS, to include bond interest; City, State, GCRTA & NEORSD 453,488,530 TOTAL Public Share including bond interest charges 597,500,880 TOTAL in 2010 dollars value, annual inflation of 2.54 1999 - 2010

Listed Sources and Uses of Funds, Finance Plan, 1999, Bond Offering Document SOURCES: 325,213,785 251,199,285 74,014,500 209,507,597 133,324,045 20,000,000 9,998,638 26,153,599 6,000,000 13,914,224 117,091 36,790,000 3,000,000 1,901,688 74,014,500 69,000,000 3,850,000 1,164,500 USES: 325,213,785 284,985,500 3,850,000 1,164,500 23,389,740 8,324,045 3,000,000 500,000 1999 Bond Offering Total TOTAL
77% Public Share 23% Private Share 64% TOTAL City (PUBLIC)

City Borrowing, 1997 City Borrowing, 1999 City Borrowing, Cleveland Tomorrow General Fund Sources City Utilities Investment Income Stadium Prints and Bricks
11% State of Ohio Grant (PUBLIC) 1% Greater Cleveland Regional Transit Auth (PUBLIC) 1% NEO Regional Sewer District (PUBLIC) 23% TOTAL Browns Contribution (PRIVATE)

Browns Contribution Browns Contribution for Scoreboard Browns Contribution forAdditional Suites 1999 Bond Offering Total TOTAL

88% Estimated Project Costs 1% Scoreboard Enhancements 0% Additioinal Suitres 7% Debt Service on Borrowings during Construction 3% Reserve Account 1% Renovation & Replacement Fund Certificates 0% Capital Repair Fund WORKING DRAFT -- Brian J. Cummins, Cleveland City Council, Ward 14, bcummins@clevelandcitycouncil.org

Estimated Cost of GATEWAY as reported in 1997

328,000,000 Reported Revised Cost 133,000,000 Cost of financing and land acquisition 461,000,000 TOTAL
SOURCE: Reaffirming Support for Stadiums, Tom Brazaitis, Plain Dealer, 11.30.1997 http://www.scribd.com/doc/212389606/GATEWAY-Cost-Plain-Dealer-1994 $702 million in 2010 dollars, annual inflation of 2.54 from 1999 - 2010.
(Calculation made for comparison of Total Costs, 2013 Judith Grant Long calculations)

Calculation of Gateway's principal and interest costs, using avg 4.2%: 211,255,420 TOTAL = $120,000,000 Bond Principal; $91,255,420 Interest 155,430,240 OUTSTANDING = $126,739,000 Principal; $28,691,240 Interest Calculation of TOTAL PUBLIC COSTS: 259,925,008 TOTAL Public Share including bond interest charges 467,318,140 TOTAL in 2010 dollars value, annual inflation of 2.54 1999 - 2010

Listed Sources and Uses of Funds, Finance Plan, 1997, Bond Offering Document SOURCES: 434,894,853 316,723,908 118,170,945 268,054,320 78,664,320 38,390,000 31,000,000 75,000,000 45,000,000 25,000,000 12,000,000 2,319,588 9,350,000 118,170,945 20,000,000 63,000,000 20,000,000 8,000,000 4,000,000 1,170,945 2,000,000 USES: 434,894,853 171,750,000 124,250,000 10,000,000 40,000,000 22,986,745 8,750,000 3,592,800 1,588,367 5,247,373 2,638,492 1,433,997 14,724,606 11,705,432 3,100,000 1,525,000 11,602,041 1997 Bond Offering Total TOTAL
73% Public Share 27% Private Share 62% TOTAL City (PUBLIC)

Senior Lien Bond Proceeds Junior Lien Bond Proceeds Stadium Revenue Bond Proceeds Series 1992 Bonds Series 1994 Bonds
6% 3% 1% 2%

State Capital Grants (PUBLIC) State Stadium Loan (PUBLIC) Federal, State and Local Infrastructure (PUBLIC) Invest. Income - Bond Proceeds & Other Invest. Income

27% TOTAL Team Contributions (PRIVATE)

Stadium Prepaid Premium Seating Revenue Luxury Tax Receipts Cleveland Development Partnership Loan CDP Contingency Guarantee Arena Premium Seating Deposits Survace parking Revenues Foundation Proceeds 1999 Bond Offering Total TOTAL Stadium Construction Arena Construction Arena Capital Reserves Site Construction Land Purchase and Prior New Stadium Debt Gateway Overhead Costs Cost of Issuance Series 1992 & 1994 Bonds Cost of Issuance Stadium Revenue Bonds Cost of Issuance Luxury Tax Bonds Capitalized Interest Series 1994 Bonds Capitalized Interest Series Stadium Revenue Bonds Capitalized Interest Luxury Tax Bonds Debt Service Reserve Fund Luxury Tax Bonds Debt Service Reserve Fund Stadium Revenue Bonds Property Taxes (entire site) Project Contingency

WORKING DRAFT -- Brian J. Cummins, Cleveland City Council, Ward 14, bcummins@clevelandcitycouncil.org