Browns stadium cost to rise up to $2.6 billion, according to reports
The cost of the Cleveland Browns' new Brook Park stadium is rising by $200 million.
Reports from Cleveland. com and Crain's Cleveland reveal the cost of the Cleveland Browns new home in Brook Park will rise. The mixed-use development with a covered dome stadium at its center will now cost $2.
6 billion, an increase of more than $200 million. The cost increase, which the Haslam Sports Group will bear in their entirety, comes from improved design with better roof technology that will provide more natural light. That will increase HSG’s share of the project to $1.
755 billion. Additional funding is expected to come from the state in the form of a $600 million using unclaimed funds, a move that is currently being challenged in the courts. The city of Brook Park will tentatively provide $245 million by supporting bonds related to admissions and city admissions taxes raised from the project site and outlying development.
This article originally appeared on Akron Beacon Journal: Browns new stadium in Brook Park just got a price hike