Current:Home > MarketsNovaQuant-Browns’ plans for move to new dome stadium hits snag as county backs city’s renovation proposal -Summit Capital Strategies
NovaQuant-Browns’ plans for move to new dome stadium hits snag as county backs city’s renovation proposal
NovaQuant View
Date:2025-04-07 16:21:11
CLEVELAND (AP) — The NovaQuantBrowns’ 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! (19)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Ole Miss investigates 'racist overtones' as Black student taunted at pro-Palestine protest
- Demi Moore stuns at the Met Gala in gown made out of vintage wallpaper
- Teen falls down abandoned Colorado missile silo, hospitalized with serious injuries
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Martha Stewart Swears By These 3 Practices to Help Herself Age Backwards
- NHL draft lottery odds, top prospects, how to watch
- Gabrielle Union and Dwyane Wade's 2024 Met Gala Date Night Was a Total Slam Dunk
- Trump wants to turn the clock on daylight saving time
- Mississippi ex-sheriff pleads guilty to lying to FBI about requesting nude photos from inmate
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- The FAA investigates after Boeing says workers in South Carolina falsified 787 inspection records
- Dua Lipa's Confusing 2024 Met Gala Look Will Leave Your Head Spinning
- Mom accused of stabbing young sons, setting home ablaze with them inside indicted in deaths
- Buckingham Palace staff under investigation for 'bar brawl'
- Baby found alive after Amber Alert issued, mom found dead in NM park; suspect in custody
- Hyundai, Ford among 257,000 vehicles recalled: Check car recalls here
- NCAA women's lacrosse tournament bracket, schedule, preview: Northwestern leads way
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
A Rare Dose of Hope for the Colorado River as New Study Says Future May Be Wetter
Anthony Edwards has looked a lot like Michael Jordan, and it's OK to say that
Wrestlemania returning to Sin City: WWE taking marquee event to Las Vegas in 2025
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Murder trial opens in death of Detroit-area teen whose disappearance led to grueling landfill search
Who will win Best in Show? Schedule, TV, streaming info for 2024 Westminster Dog Show
Why Brooklyn Peltz Beckham Went to the 2024 Met Gala Without Wife Nicola Peltz Beckham