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Cleveland offers $461M for Browns stadium renovation

Related Topics: Justin M. Bibb, Cleveland

CLEVELAND -- The city of Cleveland has given the Browns a proposal to renovate their stadium in hopes of keeping the NFL team downtown rather than seeing it move to a new dome in suburban Brook Park.

Cleveland's submission includes $461 million from the city, $227 million of which would come from a tax increase on tickets. The city also offered a 30-year extension of the team's lease, which expires after the 2028 season.

Mayor Justin Bibb has asked the Browns to respond to his offer by Aug. 12.

"We are unified in our belief that transforming the current facility is unquestionably in the best interests of Cleveland and Cuyahoga County," Bibb wrote in a letter to owners Dee and Jimmy Haslam.