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Revenue Sharing Agreement

All articles tagged with #revenue sharing agreement

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.