The owners of the Cleveland Browns, Dee and Jimmy Haslam, shared a lengthy letter to fans Wednesday about the future of the stadium.
CLEVELAND, Ohio -
We do not take the stadium decision lightly, and have been working diligently with city, county and state officials to consider all opportunities. We need to be bold, we need to be innovative, and we need to take advantage of this unique moment to create a transformational project not only for our fans, but for Cleveland, the Northeast Ohio region and the State of Ohio.
The other and more transformational option is to build a $2.4 billion new domed stadium in Brook Park, creating a modern, dynamic, world-class venue that would greatly enhance the fan experience and enable the State of Ohio and our region to compete for some of the biggest events in the world 365 days a year. Similar to other markets in the Midwest, this proposed domed stadium would catalyze our region in a major way.
As demonstrated in other markets, a project of this magnitude only realistically works through a public-private partnership. We have approached this as a 50-50 partnership on the stadium, excluding cost overruns, which we would cover. But this would be more than just a stadium project; it would also include a private development that when combined with the world-class dome stadium will be transformative for our region. The proposed $1.
While we are excited about the possibility of building a dome and surrounding development in Brook Park, the City of Cleveland and the success of its downtown remain incredibly important to us. We acknowledge that a move to Brook Park may have a near-term impact on downtown, but we believe that the year-round activity of a domed stadium can still positively impact the downtown economy, particularly when coupled with the possibilities of a reimagined lakefront absent the stadium.
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