Cleveland (AP) – Mayor Justin M. Bibbas and Cleveland Browns Property Group reached a $ 100 million billing, which will clean the franchise on the construction of his new suburban stadium, while preparing the Cleveland city development of the current Lakex stadium.
The 2.4 billion dollar stadium offered will be built in Brook Park, next to Cleveland Hopkins International Airport and about 15 miles (24.14 kilometers) south of the center of Cleveland. Browns intends to start construction next year and start playing in a new home in 2029, having completed their 30 -year lease agreement at Huntington Bank Field.
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This place in 1999 Opened as Cleveland Browns Stadium. He replaced the Stadium of Cleveland Municipality, which has been operating since 1931. Prior to his demolition in 1996
Haslam Sports Group-Bandro, founded by Browns owners Dee and Jimmy Haslam, their daughter and stepdaughter, agreed to pay the city $ 25 million until December 1. And to ruin the current stadium into the “Pad ready condition”. The cost of demolition is expected to be $ 30 million.
Haslam will also pay Cleveland $ 5 million every year from 2029 to 2033, as well as $ 2 million. USD per year from 2029 to 2038. Community benefit projects.
The agreement must still be approved by the Cleveland City Council.
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“This 100 million” this agreement allows the lake to the transformational development and browns by the road to the world -class object in Brook Park. This is the right solution for the city and the region. Cleveland’s time is now. We are a city leading a region that is open to business and who knows how to do big things. “
Both parties will also work with transport infrastructure to prevent traffic logs on the new website. The city and Haslam will also work in a new road network to serve both Brook Park stadium and airport.
Both parties also agreed to abandon their claims. Last year, the Browns federal court filed a lawsuit against the city and the state of Ohio, stating that the Modell Law was unconstitutional. The law passed after the 1996 Art Modell has moved the original Brrowns to Baltimore, demanding franchisees playing in the premises funded by taxpayers to give the city or local investors the opportunity to purchase a team before moving.
The city filed a lawsuit in Cuyahoga County General Claim, arguing that Brown had violated their lease and that Modell’s law still applies to nearly $ 500 million. USD renovation. The city also appealed the approval of the Ohio Transport Department for the height of the proposed new stadium – 221 feet.
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ODOT decided to abandon the height limit, which is 150 feet above the airport of the Earth’s height, after an independent consultant found that the stadium construction would not replace any flight paths. The building will include marking and lighting, which will be required by the Federal Aviation Administration.
“For the mayor’s Bibbo leadership and this monumental partnership between the public and private sector partnerships, we are accelerating the Cleveland Lake Shore, introducing a new world -class stadium and mixed use in Brook Park. This is the achievement of the city, region and fans. Invest in Cleveland community programs based on consistent donation of family charity throughout the region since 2013
The new stadium will be built on the former Ford Motor Co. at the factory site. It would sit 80 feet below the ground and 221 feet above the ground.
Browns pays $ 1.2 billion for construction and will receive $ 600 million from the state. The team hopes to fill in the rest of the funding gap after discussion with Brook Park officials.
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