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Saturday, May 18, 2024

Browns Deny Report of Plan for $1B Domed Stadium

  • The team is currently conducting a study that focuses on stadium renovations.
  • The Browns’ current lease at FirstEnergy Stadium runs through 2028.
Andrew Weber-USA TODAY Sports

Despite reports that claimed the Cleveland Browns were looking to build a new $1 billion stadium, the team has said that it plans to renovate its current home, FirstEnergy Stadium. 

Speculation of a new home field for the Browns has increased after the team denied a report that said its majority owners Jimmy and Dee Haslam wanted a publicly funded, domed stadium

  • The team is currently conducting a study that focuses on stadium renovations.
  • No price tag has been determined for potential repairs.
  • The Browns’ current lease at the stadium’s site runs through 2028

The Browns have a head start in renovating FirstEnergy Stadium after Cleveland’s city council approved $10 million in subsidies to repair pedestrian ramps and other fixes earlier this month. 

This latest development comes amid controversy around FirstEnergy — which acquired naming rights in 2013 for $107 million in a deal that runs through 2030. 

Earlier this month, the city council passed a nonbinding resolution 16-1 that the team should remove the FirstEnergy name from its stadium after the company admitted its role in a bribery scandal

League of Their Own 

The Browns could potentially join a growing list of NFL teams renovating or building new stadiums. 

In May, the Tennessee Titans announced plans to build a domed stadium for up to $2.2 billion. The same month, the Buffalo Bills secured $250 million toward a $1.4 billion stadium project.

The New England Patriots recently broke ground on renovations at Gillette Stadium that are expected to cost $225 million.

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