One day after NEOtrans broke the news that the Cleveland Browns’ home games would likely be moved from Downtown Cleveland to a proposed domed stadium in suburban Brook Park (and why), the football team’s owner Haslam Sports Group has outlined what that could look like. However, the Haslams stopped short of saying it was a done deal despite their obvious enthusiasm about the Brook Park stadium-development.
Wednesday, August 7, 2024
Tuesday, August 6, 2024
It’s Brook Park
A COMMENTARY
In the coming weeks, the owners of the Cleveland Browns will reveal their plans to build a $3.6 billion domed stadium and associated development in the Cleveland suburb of Brook Park. According to public sector sources familiar with the plans, owners Jimmy and Dee Haslam have their capital funding identified for the stadium and a small first phase of development.
Cost of the new domed stadium and the provision of about 20,000 parking spaces, almost entirely in surface lots, is estimated at $2.2 billion. Half of that will be privately funded and create new tax revenues that will fund the other half. Much of the funding for the stadium will come from bonds serviced by new stadium-related revenues and city, county and state taxes generated by stadium activities and employment. Another $1.4 billion in private, stadium-area development is planned.
The Haslams have reportedly identified their bond financing firm, a company with lots of experience in financing sports stadiums, arenas and entertainment venues. And they have hired their joint-venture construction management team for the Brook Park site — M.A. Mortenson Co. of Minneapolis and Independence Construction of Independence, soon to be relocated to Brecksville.
Saturday, August 3, 2024
Cleveland Moves plan seeks resident input
The City of Cleveland recently launched public engagement for Cleveland Moves — the city’s five-year multimodal transportation plan. Cleveland Moves will create a strategy that builds on the city’s ongoing work to make it safer, more comfortable, and more convenient to walk, bike, and take transit in the city. A presentation about the planning process and its goals was delivered yesterday to the City Planning Commission.
Friday, August 2, 2024
CWRU Humanities Building planned on Bellflower
Cleveland City Planning Commission today approved a conceptual design for Case Western Reserve University’s new Humanities Building and to demolish an abandoned fraternity house at 11333 Bellflower Rd. to make way for it. Most of the rest of the roughly 1.6-acre site in University Circle is used as a parking lot.
Thursday, August 1, 2024
Mayor Bibb’s offer to Browns may be last-ditch effort
Cleveland Mayor Justin Bibb sent a letter today to Jimmy and Dee Haslam, owners of the Cleveland Browns, urging them to stay in Downtown Cleveland. Bibb also publicized the city’s $461 million contribution to renovate Cleveland Browns Stadium to show to the public that the city has made a strong financial offer to the National Football League team. But that might not be enough to keep the Browns at the deteriorating lakefront stadium.
Wednesday, July 31, 2024
RTA Waterfront Line returns with limited service
Starting Sunday, the Greater Cleveland Regional Transit Authority (GCRTA) will restart regular service on the light-rail Waterfront Line in Downtown Cleveland, a 2.2-mile extension of the Blue/Green lines from Shaker Heights. But the service will be limited to weekends and most federal holidays only, and then from just 9 a.m. to 7 p.m.
Tuesday, July 30, 2024
City Club Apts has new owner, Skyline 776 name
Faced with a difficult financial situation involving multiple development projects nationwide, City Club Apartments of Farmington Hills has sold its interest in the nearly completed 23-story mixed-use tower at 776 Euclid Ave. in Downtown Cleveland. The buyer was its primary financial backer, Detroit-based Finance Michigan. And, as a result of the change, the building will be rebranded as “Skyline 776.”