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Brook Park

All articles tagged with #brook park

local-news3 months ago

Cleveland and Browns Reach $100M Deal for New Stadium and City Support

The Cleveland Browns are planning to build a new indoor stadium in Brook Park, Ohio, with a projected cost of $2.4 billion, aiming to open by 2029. The deal involves a mix of private funding, state unclaimed funds, and local taxes, with ongoing negotiations with the city of Cleveland and Brook Park. The stadium will have a capacity of 67,500, host major events like soccer and basketball tournaments, and include significant surrounding development. Key issues remaining include finalizing agreements with local governments and securing funding for maintenance and traffic improvements.

via Cleveland.com|
#brook-park#browns-stadium#construction-timeline
sports-business1 year ago

Cleveland Browns Unveil Development Plans and Partner for Brook Park Stadium District

The Cleveland Browns have unveiled plans for a new stadium in Brook Park, which will be surrounded by two upscale hotels, 1,100 apartments, retail spaces, and 500,000 square feet of office space. The project is in collaboration with Lincoln Property Company, known for similar developments near NFL stadiums. However, details on public financing for the project remain unclear.

via cleveland.com|
#brook-park#cleveland-browns#mixed-use-project
economy1 year ago

Browns' Brook Park Dome Project Promises $1.2B Economic Boost

A study by RCLCO highlights the potential economic benefits of a new domed stadium and mixed-use development in Brook Park, Ohio, which could boost Northeast Ohio's economy by $1.2 billion annually and create nearly 5,400 permanent jobs. The development is expected to attract up to 1.5 million additional visitors, benefiting downtown Cleveland with increased spending in hospitality sectors. The relocation of the Cleveland Browns stadium could also facilitate lakefront redevelopment, enhancing long-term regional growth.

via clevelandbrowns.com|
#brook-park#cleveland-browns#domed-stadium
sports1 year ago

"Cleveland Councilman Pushes for Browns' Compliance with 'Art Modell Law' in Stadium Talks"

As the Cleveland Browns seek a new or renovated stadium, a Cleveland City Council member has reminded the team's owners of the "Art Modell law," which prevents teams receiving taxpayer money from playing most home games elsewhere without approval. The Browns are considering a move to Brook Park, and the options include renovating the current stadium for around $1 billion or building a new domed stadium in Brook Park for around $2 billion.

via NBC Sports|
#art-modell-law#brook-park#cleveland-browns
sports1 year ago

"Cleveland Politician Urges Browns Owners to Consider 'Art Modell Law' Amid Stadium Upgrade Talks"

As the Cleveland Browns seek a new or renovated stadium, a Cleveland City Council member has reminded the team's owners of the "Art Modell law," which prevents teams receiving taxpayer money from playing most home games elsewhere without approval. The Browns are considering a move to Brook Park, and the options include renovating the current stadium for around $1 billion or building a new domed stadium in Brook Park for around $2 billion.

via Yahoo Sports|
#art-modell-law#brook-park#cleveland-browns
sports1 year ago

"Cleveland Browns Owners Consider New $2B Dome in Brook Park for Stadium"

Cleveland Browns owners Jimmy and Dee Haslam are considering purchasing 176 acres of land in Brook Park to build a domed stadium as their lease approaches its end in 2028, mirroring former owner Art Modell's move 50 years ago when he bought land in Strongsville. While both instances involved land purchases outside of Cleveland, the Haslams are seeking $1-2 billion for upgrades or construction, a far cry from the $10 million Modell sought in 1973.

via cleveland.com|
#art-modell#brook-park#cleveland-browns
sports1 year ago

"Browns Owners Consider Stadium Options and Potential Move"

The Cleveland Browns owners are considering renovating the existing stadium in downtown Cleveland or building a new domed stadium in Brook Park. If the team moves, the fate of sin tax revenues, which currently go towards the city-owned lakefront football stadium, is uncertain. Legal and political factors would dictate whether the sin tax money could be used for a new facility, with potential implications for both Cleveland and Cuyahoga County. Any changes to the revenue-sharing agreement would require agreement from multiple parties, and the city and county would face political decisions around the sin tax as well.

via cleveland.com|
#brook-park#cleveland-browns#revenue-sharing-agreement