The City of Cleveland has proposed an ambitious $461 million financing plan to upgrade Cleveland Browns stadium on Lake Erie. The plan calls for significant changes to the stadium infrastructure, while keeping the city's budget intact and not impacting other public services.

Investment in future of stadium

Cleveland, keen to keep the Browns team in the city, has put forward a plan to upgrade Cleveland Browns Stadium, a key element for the development of the entire area. The investment aims not only to improve the sporting environment, but also to enhance the tourist appeal of the downtown area. Working in partnership with Haslam Sports Group, the city aims to create a state-of-the-art facility that meets the needs of both the team and the fans.

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One of the main objectives of the plan is that there will be no negative impact on the city's budget and public services. City officials have proposed funding the upgrade through increases in ticket tax revenue and the right to use city car parks on match days. These funds are expected to fully cover the costs of the stadium upgrade, making the plan more acceptable to residents.

The new contract, which will be signed with the Browns team, is expected to run for the next 30 years. As part of the contract, the team will not pay rent, but will take on insurance and tax payments. Such terms level the playing field between the Browns and other sports teams in Cleveland, while providing a stable source of revenue for the city.

The plan to upgrade the stadium is seen as an investment that will not only benefit the sports team, but also the city as a whole. A modern infrastructure will attract more tourists, which will have a positive impact on the local economy. At the same time, residents can rest assured that other city services will not be negatively affected by the investment, making this plan beneficial on many levels.

© Erik Holmberg

Stadium in nutshell

Cleveland Browns Stadium, also known as FirstEnergy Stadium, is a key sports facility located in downtown Cleveland on the shores of Lake Erie. The stadium opened in 1999, replacing the old Cleveland Municipal Stadium, and has a capacity of approximately 67,000 spectators. It is home to the NFL team, the Cleveland Browns, and is an integral part of the city's sports landscape. The stadium is distinguished by its modern design, which harmoniously combines elements characteristic of Cleveland architecture. In addition to American football games, FirstEnergy Stadium hosts numerous concerts, music events and other mass events.