﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-10-15T14:50:08-07:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>DAVIS &amp; COMPANY CPAS INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>7205 PEARL ROAD</AddressLine1>
        <City>MIDDLEBURG HEIGHTS</City>
        <State>OH</State>
        <ZIPCode>44130</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>341650917</EIN>
      <Name>
        <BusinessNameLine1>GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND</BusinessNameLine1>
      </Name>
      <NameControl>GATE</NameControl>
      <Phone>2164204071</Phone>
      <USAddress>
        <AddressLine1>758 BOLIVAR ROAD</AddressLine1>
        <City>CLEVELAND</City>
        <State>OH</State>
        <ZIPCode>44115</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>TODD GREATHOUSE</Name>
      <Title>EXECUTIVE DIRECTOR</Title>
      <Phone>2164204071</Phone>
      <DateSigned>2013-10-07</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>JOHN D DAVIS</Name>
      <Phone>4408879150</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990 documentId="00000001" referenceDocumentName="IRS990ScheduleO ReasonableCauseExplanation" softwareId="12000225">
      <NameOfPrincipalOfficerPerson>TODD GREATHOUSE</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>758 BOLIVAR</AddressLine1>
        <City>CLEVELAND</City>
        <State>OH</State>
        <ZIPCode>44113</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>18505903</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>N/A</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1990</YearFormation>
      <StateLegalDomicile>OH</StateLegalDomicile>
      <ActivityOrMissionDescription>Promote economic development in order to prevent the conditions of blight and deterioration historically existing in the area.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>5</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>5</NbrIndependentVotingMembers>
      <TotalNbrEmployees>8</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsCurrentYear>0</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>13290658</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>13312605</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>4310146</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>2564759</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>2533179</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>2628539</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>20133983</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>18505903</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>482502</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>516503</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>30816970</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>36524145</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>31299472</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>37040648</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-11165489</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-18534745</RevenuesLessExpensesCY>
      <TotalAssetsBOY>154973592</TotalAssetsBOY>
      <TotalAssetsEOY>144780681</TotalAssetsEOY>
      <TotalLiabilitiesBOY>318714738</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>327056572</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>-163741146</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>-182275891</NetAssetsOrFundBalancesEOY>
      <MissionDescription>Promote economic development</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>36699952</Expense>
      <Revenue>13312605</Revenue>
      <Description>GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.</Description>
      <TotalProgramServiceExpense>36699952</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds>false</DonorAdvisedFunds>
      <ConservationEasements>false</ConservationEasements>
      <CollectionsOfArt>false</CollectionsOfArt>
      <CreditCounseling>false</CreditCounseling>
      <TermOrPermanentEndowments>false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="00000003" referenceDocumentName="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities>false</ReportInvestOthSecurities>
      <ReportProgRelInvest>false</ReportProgRelInvest>
      <ReportOtherAssets>false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="00000003" referenceDocumentName="IRS990ScheduleD">true</ReportOtherLiabilities>
      <ReportFin48Footnote>false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="00000003" referenceDocumentName="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt>false</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleK">true</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>8</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>5</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>5</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>false</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>OH</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>TODD GREATHOUSE</NamePerson>
        <TelephoneNumber>2164204071</TelephoneNumber>
        <AddressUS>
          <AddressLine1>758 BOLIVAR ROAD</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44115</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM REIDY</NamePerson>
        <Title>TRUSTEE-PART TIME</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MATT CARROLL</NamePerson>
        <Title>TRUSTEE-PART TIME</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TIMOTHY OFFTERMATT</NamePerson>
        <Title>CHAIRMAN-PART TIME</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>EMANUEL GLOVER</NamePerson>
        <Title>TRUSTEE-PART TIME</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TRACEY NICHOLS</NamePerson>
        <Title>TRUSTEE-PART TIME</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TODD GREATHOUSE</NamePerson>
        <Title>EXECUTIVE DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>104755</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>104755</TotalReportableCompFromOrg>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>WALSH CONSTRUCTION</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>20745 GERMANTOWN ROAD</AddressLine1>
            <City>FAIRVIEW PARK</City>
            <State>OH</State>
            <ZIPCode>44120</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONTRACTOR</DescriptionOfServices>
        <Compensation>380432</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>SECURITAS INC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 413412</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30384</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>SECURITY</DescriptionOfServices>
        <Compensation>653139</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>VOCATIONAL SERVICES</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>2239 E 55TH STREET</AddressLine1>
            <City>CLEVELAND</City>
            <State>OH</State>
            <ZIPCode>44103</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>TEMPORARY LABOR</DescriptionOfServices>
        <Compensation>229464</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>CONCRETE MAINTENANCE INC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 38247</AddressLine1>
            <City>OLMSTED FALLS</City>
            <State>OH</State>
            <ZIPCode>44138</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONTRACTOR</DescriptionOfServices>
        <Compensation>237384</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>KENWOOD USA</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>3970 JOHNS CREEK COURT</AddressLine1>
            <City>SUWANNEE</City>
            <State>GA</State>
            <ZIPCode>30024</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONTRACTOR</DescriptionOfServices>
        <Compensation>210214</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>5</NumberOfContractorsGT100K>
      <ProgramServiceRevenue>
        <Description>BASE RENT</Description>
        <BusinessCode>531120</BusinessCode>
        <TotalRevenueColumn>8732723</TotalRevenueColumn>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>PREMIUM SEAT REVENUE</Description>
        <BusinessCode>531120</BusinessCode>
        <TotalRevenueColumn>3148028</TotalRevenueColumn>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>INCREMENTAL TRANS TAX</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>1431854</TotalRevenueColumn>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>13312605</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>2564759</TotalRevenueColumn>
        <ExclusionAmount>2564759</ExclusionAmount>
      </InvestmentIncome>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>2628539</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2628539</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>2628539</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>18505903</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>15941144</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>2564759</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>104755</Total>
        <ProgramServices>69872</ProgramServices>
        <ManagementAndGeneral>34883</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>262212</Total>
        <ProgramServices>174894</ProgramServices>
        <ManagementAndGeneral>87318</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherSalariesAndWages>
      <OtherEmployeeBenefits>
        <Total>107903</Total>
        <ProgramServices>71971</ProgramServices>
        <ManagementAndGeneral>35932</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>41633</Total>
        <ProgramServices>27758</ProgramServices>
        <ManagementAndGeneral>13875</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>33333</Total>
        <ProgramServices>8333</ProgramServices>
        <ManagementAndGeneral>25000</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>18189</Total>
        <ProgramServices>4547</ProgramServices>
        <ManagementAndGeneral>13642</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </FeesForServicesAccounting>
      <OfficeExpenses>
        <Total>97597</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>97597</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OfficeExpenses>
      <ConferencesMeetings>
        <Total>840</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>840</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>15811138</Total>
        <ProgramServices>15811138</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Interest>
      <DepreciationDepletion>
        <Total>8938134</Total>
        <ProgramServices>8938134</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>AMORTIZATION</Description>
        <Total>1124752</Total>
        <ProgramServices>1124752</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CONSULTING FEES</Description>
        <Total>25854</Total>
        <ProgramServices>6464</ProgramServices>
        <ManagementAndGeneral>19390</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK AND TRUSTEE FEES</Description>
        <Total>13000</Total>
        <ProgramServices>13000</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SECURITY</Description>
        <Total>735746</Total>
        <ProgramServices>735746</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>9725562</Total>
        <ProgramServices>9713343</ProgramServices>
        <ManagementAndGeneral>12219</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>37040648</Total>
        <ProgramServices>36699952</ProgramServices>
        <ManagementAndGeneral>340696</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>6973964</BOY>
        <EOY>6903079</EOY>
      </SavingsAndTempCashInvestments>
      <PrepaidExpensesDeferredCharges>
        <BOY>20031</BOY>
        <EOY>26831</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>434926453</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>299319054</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>145336224</BOY>
        <EOY>135607399</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>2643373</BOY>
        <EOY>2243372</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>154973592</BOY>
        <EOY>144780681</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>62301604</BOY>
        <EOY>68505872</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>18310093</BOY>
        <EOY>23170909</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>9070000</BOY>
        <EOY>6230000</EOY>
      </TaxExemptBondLiabilities>
      <UnsecuredNotesLoansPayable>
        <BOY>228793041</BOY>
        <EOY>228909791</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>240000</BOY>
        <EOY>240000</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>318714738</BOY>
        <EOY>327056572</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <CapStckTrstPrinCurrentFunds>
        <BOY>-163741146</BOY>
        <EOY>-182275891</EOY>
      </CapStckTrstPrinCurrentFunds>
      <TotalNetAssetsFundBalances>
        <BOY>-163741146</BOY>
        <EOY>-182275891</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>154973592</BOY>
        <EOY>144780681</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-18534745</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="00000002" softwareId="12000225">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <TaxRevLeviedForOrgBenefit170>
        <CurrentTaxYearMinus4Years>218515</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus2Years>3075403</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1425101</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1431854</CurrentTaxYear>
        <Total>6150873</Total>
      </TaxRevLeviedForOrgBenefit170>
      <Total170>
        <CurrentTaxYearMinus4Years>218515</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus2Years>3075403</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1425101</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1431854</CurrentTaxYear>
        <Total>6150873</Total>
      </Total170>
      <PublicSupportTotal170>6150873</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>3857264</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>3504864</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>4446848</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>4310146</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2564759</CurrentTaxYear>
        <Total>18683881</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>24834754</TotalSupport>
      <PublicSupportPertcentage170>0.24770</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.20040</PublicSupportPertcentPriorYear>
      <TenPercentTestCurrentYear>X</TenPercentTestCurrentYear>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
      <FactsAndCircumstancesTest>PT II LINE 17A: GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED; TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS; FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT; DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO; PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY; EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING; THE BURDENS OF GOVERNMENT.;</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="00000003" softwareId="12000225">
      <Land>
        <InvestmentCostOrOtherBasis>23108049</InvestmentCostOrOtherBasis>
        <BookValue>23108049</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>347950208</InvestmentCostOrOtherBasis>
        <Depreciation>251914650</Depreciation>
        <BookValue>96035558</BookValue>
      </Buildings>
      <Equipment>
        <InvestmentCostOrOtherBasis>201698</InvestmentCostOrOtherBasis>
        <Depreciation>201698</Depreciation>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>63666498</InvestmentCostOrOtherBasis>
        <Depreciation>47202706</Depreciation>
        <BookValue>16463792</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>135607399</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>REFUNDABLE DEPOSITS</Description>
        <Amount>240000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>240000</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>18005903</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>18005903</RevenueSubtotal>
      <TotalRevenuePerForm990>18005903</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>31948711</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>31948711</ExpensesSubtotal>
      <OtherExpensesNotIncluded>-1</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>-1</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>31948710</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleK documentId="00000004" softwareId="12000225">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>GATEWAY ECONOMIC DEVELOPMENT</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>341650917</IssuerEIN>
        <CUSIPNumber>367599BH9</CUSIPNumber>
        <DateIssued>2004-04-12</DateIssued>
        <IssuePrice>25635000</IssuePrice>
        <DescriptionOfPurpose>STADIUM REV REFUNDING 2004A</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>A</BondReferenceCd>
        <AmountRetired>16329507</AmountRetired>
        <TotalProceeds>25399507</TotalProceeds>
        <AmountInReserveFund>3280754</AmountInReserveFund>
        <IssuanceCostsFromProceeds>468589</IssuanceCostsFromProceeds>
        <YearOfSubstCompletion>2004</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="00000005" softwareId="12000225">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Ongoing review of directors and employees</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15b</Identifier>
        <Explanation>Review performed by directors</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11b</Identifier>
        <Explanation>Return is prepared by independent CPA firm and provided to Directors</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>Review performed by directors</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>PREPAIDS INVESTMENTS INTEREST RECEIVABLE LUXURY TAX RECEIVABLE NAMING RIGHTS RECEIVABLE DEFERED COSTS, NET OF AMORTIZATION OTHER ASSETS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>ACCOUNTS PAYABLE &amp; ACCRUED EXPENSES DEFERRED REVENUE BONDS, MORTGAGES &amp; OTHER NOTES REFUNDABLE DEPOSITS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>UTILITIES 120. 0. 120. 0. VEHICLE EXPENSES 7250. 7250. 0. 0. PARKING 9100. 9100. 0. 0. REPAIRS &amp; MAINT-SITES 3546637. 3546637. 0. 0. CONTRACTUAL EXPENSES 1500000. 1500000. 0. 0. INSURANCE 23236. 19751. 3485. 0. ADMISSIONS TAX 3150301. 3150301. 0. 0. POSTAGE AND SHIPPING 679. 577. 102. 0. TELEPHONE EXPENSE 11350. 2838. 8512. 0. PROPERTY TAX 1476889. 1476889. 0. 0.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>