Current:Home > StocksNovaQuant-Browns’ plans for move to new dome stadium hits snag as county backs city’s renovation proposal -VisionFunds
NovaQuant-Browns’ plans for move to new dome stadium hits snag as county backs city’s renovation proposal
Fastexy Exchange View
Date:2025-04-06 12:58:01
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! (673)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- What Ariana Grande Is Asking for in Dalton Gomez Divorce
- White homeowner who shot Black teen Ralph Yarl after he mistakenly went to his home pleads not guilty
- Six Palestinians are killed in latest fighting with Israel, at least 3 of them militants
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Gas explosion and fire at highway construction site in Romania kills 4 and injures 5
- Federal appeals court reverses ruling that found Mississippi discriminated in mental health care
- Prosecutors seek life in prison for man who opened fire on New York City subway train, injuring 10
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- GOP lawmakers clash with Attorney General Garland over Hunter Biden investigation
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- In 'Starfield', human destiny is written in the stars
- Julie Chen Moonves Accuses 2 Former The Talk Cohosts of Pushing Her Off Show
- Surveillance video prompts Connecticut elections officials to investigate Bridgeport primary
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- There have been attempts to censor more than 1,900 library book titles so far in 2023
- Alabama school band director says he was ‘just doing my job’ before police arrested him
- Singapore police uncover more gold bars, watches and other assets from money laundering scheme
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Ray Epps, Trump supporter targeted by Jan. 6 conspiracy theory, pleads guilty to Capitol riot charge
Ray Epps, Trump supporter targeted by Jan. 6 conspiracy theory, pleads guilty to Capitol riot charge
Wave of migrants that halted trains in Mexico started with migrant smuggling industry in Darien Gap
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Suspect in fatal shootings of four in suburban Chicago dead after car crash in Oklahoma
Fishmongers found a rare blue lobster. Instead of selling it, they found a place it could live a happy life
A new London exhibition highlights the untold stories of Black British fashion designers