CLEVELAND (AP) — Mayor Justin M. Bibb and the ownership group of the Cleveland Browns have reached a $100 million settlement that will clear the way for the franchise to build its new suburban stadium while preparing the site of the current lakefront stadium for future development by the city of Cleveland.
The proposed $2.4-billion domed stadium would be built in Brook Park, next to Cleveland Hopkins International Airport and about 15 miles (24.14 kilometers) south of downtown Cleveland. The Browns are looking to begin construction next year and start playing in their new home in 2029, following the completion of their 30-year lease at Huntington Bank Field.
The Browns are paying $1.2 billion for construction and will receive $600 million from the state.The team is hoping to fill the remaining financing gap after discussions with Brook Park officials.
Sheesh, all this for just eight games of football every year! I love sports, but sometimes, as humans, it feels like we’ve lost our way. It’s strange to me that the state is giving $600 million in taxpayer money to billionaire owners in a billionaire-run league!