The Cleveland Browns’ slow commute from downtown Cleveland to the suburb of Brook Park moved forward on Thursday as the team announced its proposal for funding the estimated $2.4 billion project, which includes a domed stadium and mixed-use development.
Haslam Sports Group would like to break that down with:
- $1.2 billion in private funding that would also cover any cost overruns
- $422 million from Brook Park, which would come from financed bonds
- $178 million from Cuyahoga County, which would come from county-issued bonds that would be paid back by revenues from the site, and two potential new sources - raising the current bed tax on hotels from 6.