Publicly, neither the Browns nor Cleveland City Hall have disclosed the exact cost to taxpayers of a refurbished stadium.
However, during a series of meetings held in October at Browns’ Berea headquarters, the team presented the City Council with an approximate amount—between $500 million and $600 million—from the general people, as reported by two attendees. They shared information from a private meeting, therefore they begged not to be named.
The team wouldn’t ask the City of Cleveland to handle the public share alone. Mayor Justin Bibb has already said Cleveland would need help from Cuyahoga County and the State of Ohio.
No deal has yet been announced as the city and team negotiate a lease extension. Browns owners appear to be exploring more than one stadium location, including in the suburbs. Last week, the NFL franchise acknowledged it was “studying other potential stadium options in Northeast Ohio” in addition to the lakefront location.
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Members said the Browns presented Cleveland City Council with a $1 billion stadium restoration proposal.
Council members tell Signal Cleveland that the Browns suggested a 50/50 split on a billion-dollar stadium project in October, with the state and local governments contributing up to $500 million.
Government Reporter Nick Castele by Nick Castele
February 16, 2024
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The tunnel from Cleveland Browns Stadium to the field.
The tunnel from Cleveland Browns Stadium to the field. Nick Castele and Signal Cleveland are credited.
City Hall in Cleveland and the Browns
The billion-dollar renovation figure is higher than the estimated replacement cost that the city uses for insurance purposes. At a council committee meeting last week, city officials said the stadium was insured up to $800 million.
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