Browns and City of Cleveland Reach $100 Million Agreement on Stadium
Mayor Justin M. Bibb and the Haslam Sports Group (HSG) announced a $100 million agreement between the city of Cleveland and the Cleveland Browns.
The agreement will facilitate the construction of the Browns' new domed stadium in Brook Park, with HSG's funds allocated to the lakefront transformation and redevelopment of the current stadium site.
"I'm proud to deliver this historic deal to the residents of the City of Cleveland," said Mayor Bibb. "My administration, with the Haslams' support, will finally unlock the full potential of our lakefront, benefiting all residents and attracting new investment to the City."
A press conference was held at Cleveland City Hall to announce the agreement.
Author's summary: Cleveland Browns reach $100 million deal with city.