CLEVELAND, Ohio — Cuyahoga County Executive Chris Ronayne pleaded Tuesday with Ohio residents and asked them to withdraw their unclaimed funds before state legislators use them to fund a Browns stadium in Brook Park. Turns out, he needs to follow his own advice.
Ohio’s records show that Ronayne is owed money from the state’s repository of unclaimed funds. So, too, is Cleveland Mayor Justin Bibb, Ohio House Speaker Matt Huffman, Cleveland City Council President Blaine Griffin and state senator Jerry Cirino — who pitched using unclaimed funds to loan $600 million to Browns owners Dee and Jimmy Haslam.
Lawmakers on both sides of the political aisle and people on separate sides of the Brook Park vs Cleveland debate have one thing in common: Ohio is holding their money.
And it isn’t only politicians on the list. Former Browns quarterbacks Baker Mayfield and Bernie Kosar are both owed money, according to Ohio’s website. So, too, are Guardians owner Paul Dolan and the Cavalier’s CEO Nic Barlage.
Now some tell cleveland.com that they’ll (finally) claim their unclaimed funds.
“I’m a public employee,” Griffin said. “I’m not a billionaire. I need my money.”
Many Ohio legislators and Gov. Mike DeWine are all in agreement; they want to put forward $600 million to help build a new covered stadium in Brook Park. But while DeWine wants to achieve that by doubling the state’s tax on sports-betting companies, and the Ohio House wants to borrow money for the stadium project, the Ohio Senate pitched a new idea: raiding the state’s $4.8 billion unclaimed property fund.
Under the plan, which is still a long way from becoming law, $1.7 billion would be taken from the fund to create a state Sports and Culture Facility Fund. Of that, $600 million would be used to help cover the estimated $2.4 billion cost to build a new, covered Browns stadium in Brook Park, which would move the team from downtown Cleveland.
Taxes from the stadium projects would then repay the unclaimed property fund. The Haslams would also be asked to put as much as $100 million in escrow that would be tapped to cover any tax revenue shortfalls from the Brook Park stadium development project. It’s unclear what happens if the Haslams’ escrow runs out and there is still a shortfall.
Cirino told cleveland.com the remaining $1.1 billion would be used for other stadium projects, such as planned renovations to the Cincinnati Bengals’ stadium. Huffman, who praised the Senate’s plan but hesitated to fully endorse it, told reporters that legislators have borrowed money from unclaimed funds before.
Ohio’s Unclaimed Property Fund is composed of money that has been sent in by financial institutions and other businesses after no one has claimed it for three to five years. It includes money from inactive bank accounts, old safe deposit boxes and uncashed checks and insurance policies, among other things.
Members of the public can find out if there are any unclaimed funds in their name by visiting unclaimedfunds.ohio.gov.
Ronayne has advised the public to do so, which led cleveland.com to start checking the website. For his part, it appears Ronayne is owed at least $25, according to the website. His spokesperson tells cleveland.com he has “begun the process to reclaim funds owed to him at the state.”
Bibb appears to have over $100 waiting for him to claim from a cable company and old bank accounts. Griffin is owed $25 from a bank account and General Electric.
At least 11 of the 17 members of Cleveland City Council have unclaimed funds. Some, like Councilman Kerry McCormack, were surprised when a reporter shared that news with them. McCormack asked, “How do I grab those dollars?” Others, like Councilman Charles Slife were already on top of it. In a text message, Slife said, “Way ahead of you. Submitted last night!”
Councilman Mike Polensek’s son is owed close to $200. He said, “Were Slovenians and we want our money.”
These unclaimed funds can often be small and forgotten, like money owed by a former employer. Councilman Richard Starr had unclaimed funds from a fast-food job he last worked in 2011, according to Ohio’s website.
Cirino is owed between $25 and $50 from AT&T. State Sen. Rob McColley, who pitched the funding idea with him, is not owed any unclaimed funds.
DeWine isn’t owed anything either. But Lt. Gov. Jim Tressel is from a lawn care company, according to the website. Former Lt. Gov Jon Husted, now a U.S. Senator, is owed more than $100 from a dentist and banks.
Matt Huffman’s campaign account is owed more than $100 from bank accounts. U.S. Sen. Bernie Moreno’s companies are owed unclaimed funds from banks and places like Office Depot.
These funds can be challenging to claim. People are asked to submit several documents to prove their identity and where they lived at the time.
(This reporter’s own parents, admittedly, are owed a few nickels from an old bank account. So is his editor on this story.)
Ronayne, Bibb and Griffin all reiterated their stance that the Browns should remain downtown and have asked for $350 million from the state for the lakefront stadium. Griffin also said that if unclaimed funds can be borrowed for a stadium, they can also be used for more pressing needs: like funding local schools or food programs that legislators have cut dollars from.
“There’s so much wrong with this to me,” Griffin said. “It’s not just us in Cleveland. People all over Ohio should be outraged.”
Reporters Jeremy Pelzer and Richard Exner contributed to this story.
Sean McDonnell is a reporter for cleveland.com and the Plain Dealer. You can reach him at smcdonnell@cleveland.com.