Overview
- The agreement ends months of legal disputes and clears key regulatory hurdles for a $2.4 billion stadium near Cleveland Hopkins International Airport, with the team targeting a 2029 opening.
- Haslam Sports Group will pay $25 million by Dec. 1, make $5 million annual payments from 2029–2033, and invest $2 million per year in community projects from 2029–2038.
- HSG will fund demolition of Huntington Bank Field after the lease ends, bringing the lakefront site to a pad‑ready state at an estimated $30 million cost.
- Project financing includes $1.2 billion from the Browns and $600 million in state funding, with remaining local elements to be worked out with Brook Park officials.
- Both sides will dismiss lawsuits with prejudice and coordinate on transportation upgrades, following ODOT’s height limit waiver and FAA safety requirements for the airport-adjacent site.