Cleveland Browns owners Jimmy and Dee Haslam have their sights set on Brook Park according to new report
– who has previously been on top of other aspects of the stadium saga – late Monday night reveals that Browns owners Jimmy and Dee Haslam are expected to unveil their official plan to build a $3.6 billion domed stadium and corresponding mixed-use development in Brook Park in the coming weeks. The report cited sources close to the situation, adding that the Haslams have already identified the first phase of the plan and have identified their source for capital funding.
Previous reports indicate that the estimated cost of building a new domed stadium on a 176-acre plot of land the Haslams are expected to purchase in Brook Park, would be around $2.2 billion. As Prendergast notes, half of the project would be privately funded with the other half being covered by bonds that will be paid through new stadium-related revenues and additional tax revenues generated by the facility for the city, county and state.
Along with the more than $2 billion stadium project, the Haslam's are also expected to facilitate an additional $1.4 billion project to turn the area around the stadium into a mixed-use development. That past of the plan is expected to be privately funded as well. Per the NEO Trans-blog, M.A. Mortenson Co. of Minneapolis and Independence Construction of Independence are expected to oversee construction of the facility.
"Our region deserves to be thought of as evolving, forward-thinking, and innovative, so we need to think boldly and creatively in this process," the Haslams said in a statement responding to Bibb's proposal. "It’s important to reiterate that the goal is to come up with the best experience we can for our fans while creating a long-term, sustainable stadium solution that drives an impact that benefits Cleveland, the Northeast Ohio region, and the entire State of Ohio.
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