The City of Cleveland proposed a $461 million deal to keep the Cleveland Browns at its current site Thursday morning.
According to the city, the investment is meant to upgrade the stadium without impacting city services. Funding would make sure fans paying for tickets cover the cost of upgrades without negatively impacting the city budget. Mayor Justin Bibb expressed the importance of maintaining the culture of Cleveland and having the community's best interest.“Losing the Browns would harm Cleveland and all Clevelanders...
A strong urban core drives success for the entire region.”The city says the Browns would no longer have to pay rent to Cleveland if they accept the proposal. Cleveland and Cuyahoga County residents would benefit from the proposal by saving hundreds of millions in new construction costs if the facility is enhanced, city officials say. It is a strategic investment that sets the stage for Cleveland Browns Stadium to continue to serve as an economic engine for Greater Cleveland, the city says.
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