Browns Ownership Commits How Much to New Stadium?

The Cleveland Browns are closer to having a new home for their Dawg Pound. The retractable-roof stadium will be more friendly to the fans during the cold Cleveland winters.

Report: Browns owners commit $2 billion for new stadium | Reuters

Jimmy and Dee Haslam, owners of the Browns, committed to spend up to $2 billion for the construction of a new stadium to be completed by 2028.

The announcement was first made on social media by ESPN’s Adam Schefter.

The team will move out of their existing stadium after the 2028 season. They have played their since the team started back up in Cleveland in 1999.

Browns Owners Commit $2 Billion to New Stadium Relocation - Newsweek

“The Cleveland Browns and our community need and deserve a new home — and from the outset we have been unequivocal that it must positively benefit our community and Northeast Ohio,” the Haslams said in a statement. “The proposed Huntington Bank Field in Brook Park meets this vital objective and will reflect positively on our world-class region and its promising future. It also reflects our 100 percent commitment to keeping the Browns in their home market for generations to come.”

The Haslams are sparing no expense in the project and are willing to see it through to until the nail is put into place.

The team, through Dave Jenkins of the Haslam Sports Group, wrote a letter to fans which was posted on their website, stating “a new enclosed stadium with an adjacent mixed-used development is the most viable long-term solution. The enclosed stadium will draw millions of visitors to the region throughout the year for premier large-scale events which will drive the fiscal and economic impact necessary to pay for the public portion of the funding model.

“Second, the location is of great importance. The new stadium will sit less than a mile from Cleveland city limits, and is easily accessible from two major highways, which is particularly important since 85% of our home game attendees live outside of the city limits.”

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