Current:Home > ScamsEchoSense Quantitative Think Tank Center|Browns’ plans for move to new dome stadium hits snag as county backs city’s renovation proposal -ThriveEdge Finance
EchoSense Quantitative Think Tank Center|Browns’ plans for move to new dome stadium hits snag as county backs city’s renovation proposal
Ethermac View
Date:2025-04-10 21:07:22
CLEVELAND (AP) — The EchoSense Quantitative Think Tank CenterBrowns’ proposal to leave the lakefront and play in a new domed stadium in Cleveland’s suburbs has hit a major snag.
In a letter sent to team owners Dee and Jimmy Haslam, Cuyahoga County officials said Sunday they’re backing a proposed $1.2 billion renovation of the team’s current stadium and are committed to keeping the NFL franchise in downtown Cleveland “for generations to come.”
Earlier this week, the team u nveiled renderings for a $2.4 billion state-of-the-art stadium and entertainment complex to be built in Brook Park, Ohio — about 15 miles south of Cleveland.
The Haslams, who have owned the Browns since 2012, believe a new stadium that could host year-round events, potentially a Super Bowl and Final Fours, would trigger development and economic growth for the entire Northeast Ohio region.
The Browns’ proposal came after the city of Cleveland submitted giving $461 million toward a massive renovation of the current 65,000-seat stadium, which was built in 1999, and the re-development of its surrounding property.
In the letter signed by executive Chris Ronayne and council president Pernell Jones Jr., the county argued that a new stadium “does not make fiscal sense” for Cuyahoga’s residents and taxpayers.
“Moreover, any proposal that would create an unacceptable risk to the County’s general fund cannot be considered,” the letter stated. “We believe it is our responsibility and in the best interests of our community to prioritize reinvestment in existing public assets.”
The Browns had no immediate response to the county’s stance.
Funding for the dome/complex project figured to be a major challenge with the Haslams proposing a 50-50 private/public partnership in the $2.4 billion project. They proposed bonds could cover the public portion with the money coming from revenue generated by the dome and its surrounding hotels and retail sites.
The Browns’ current stadium lease ends after the 2028 season. The team has played on the site since its inception in 1946.
Part of the county’s argument is that having the Browns downtown is essential to a vibrant city core, and pointed to public investments in Progressive Field, home of the Cleveland Guardians, and an expansion at the Rock & Roll Hall of Fame as signs of urban development.
“The stadium is more than just a venue. The team represents the heart and soul of Northeast Ohio, and reinforces our community’s identity and pride,” the letter said.
___
AP NFL: https://apnews.com/hub/nfl
veryGood! (645)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- 'Modern Family' stars reunite in WhatsApp ad discussing blue vs. green text bubble users
- Ashley Benson Calls Out Speculation She Used Ozempic After Welcoming Baby
- 11 guns found in home of suspected Michigan splash pad shooter
- Military service academies see drop in reported sexual assaults after alarming surge
- New Mexico village of Ruidoso orders residents to evacuate due to raging wildfire: GO NOW
- When did Elvis Presley buy Graceland? What to know about the Tennessee property
- Texas doctor charged with taking private patient information on transgender care
- Trump's 'stop
- What does malignant mean? And why it matters greatly when it comes to tumors and your health.
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Here's a look at Ralph Lauren's opening, closing ceremony team uniforms for USA
- Taylor Swift marks 100th show of Eras Tour: 'Feels truly deranged to say'
- When does 'House of the Dragon' Episode 2 come out? Season 2 schedule, cast, where to watch
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Are banks, post offices, UPS and FedEx open on Juneteenth 2024? Here's what to know
- Carl Maughan, Kansas lawmaker arrested in March, has law license suspended over conflicts of interest in murder case
- Chrysler, General Motors, Toyota, Kia among 239k vehicles recalled: Check car recalls here
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Business owners increasingly worry about payment fraud, survey finds
Singer Justin Timberlake arrested, accused of driving while intoxicated on Long Island, source says
U.S. Secret Service member robbed at gunpoint in California during Biden trip
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Shay Mitchell on traveling with kids, what she stuffs in her bags (including this salt)
Texas doctor charged with taking private patient information on transgender care
Apple kills off its buy now, pay later service service barely a year after launch