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Westside Market nonprofit outlines $70 million transformation, asks city for $783,000 operating subsidy while council presses equity and projection questions
Summary
Cleveland Public Market Corporation executive director Rosemary Mudry told the Council finance committee the Westside Market has secured major financing and raised philanthropy for a $70 million transformation but still needs $12 million in fundraising and a $783,000 operating subsidy from the city; council members questioned projection realism and equity for East Side neighborhoods.
Rosemary Mudry, executive director of the Cleveland Public Market Corporation, told the City Council finance committee on Feb. 26 that the nonprofit managing Westside Market has secured major financing for a multi‑phase renovation but still needs city support to operate while construction continues. “We secured, $9,000,000 in philanthropy,” Mudry said, and “we closed on $52,000,000 which was stage 1 of the construction project,” covering critical infrastructure work and the East produce arcade.
The presentation and follow‑up questions centered on two immediate financial facts: the transformation project is now approximately $70 million in total cost with roughly $12 million left to raise, and the market expects an operating subsidy from the city this year. Finance staff explained the proposed support payment — roughly $783,000 — is a general‑fund transfer to cover the nonprofit’s estimated operational shortfall, based on CPMC’s…
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