Overview
- The Greater Cleveland Partnership endorsed the Browns' $2.4 billion Brook Park stadium plan, citing economic benefits, while urging additional funding for Cleveland's lakefront development.
- In response, Cleveland Mayor Justin Bibb and County Executive Chris Ronayne severed ties with GCP-led initiatives, criticizing the endorsement as detrimental to downtown businesses and regional development.
- The Browns' funding proposal includes $1.2 billion in private investment and $600 million in state-backed bonds, which await Ohio Senate approval by June 30 and the governor's signature.
- Cleveland is preparing legal challenges under the Modell Law to prevent the Browns' relocation, emphasizing the city's significant financial investment in the current stadium.
- Plans for lakefront redevelopment are moving forward independently, with the city seeking developers to transform up to 50 acres of waterfront property, whether or not the stadium remains downtown.