CLEVELAND -- The Rock Hall Inductions bring in millions of dollars to the Cleveland area but as taxpayers, you are still pitching in.
The city committed $1 million in seed money in 2009. Part of that paid for the commemorative plaques unveiled this week on the walk of fame.
Another $4.5 million was used to renovate Public Hall. This year taxpayers chipped in half a million for the induction and related events, like the free concert Thursday night at The Q.
Organizers say it's a good investment. Three years ago. the induction ceremony brought $13 million into the economy. Expect $20 million this year.
"We've made substantial investments. What we've invested has given a rate of return of ten-fold," Cleveland's Chief of Government Affairs Valarie McCall said.
While the festivities are really just beginning , city planners say 2015 is already on their minds.