The proposed plan to save the iconic Shaker Square garnered widespread support from most Cleveland City Council members, so how did it end up back at square one at the 11th hour?
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The City of Cleveland wants to spend $12 million to rescue Shaker Square from receivership, turn it over to nonprofits for repairs, and sell it to a new owner. Some critics, though, say the city is overpaying for the center and it’s a waste of precious tax dollars. With repair needs looming and tenants leaving the square, City Council is set to vote on a deal as early as next week.