Cleveland Offers $461M to Renovate Browns Stadium, Eyes Downtown Future

Mayor Justin Bibb's proposal aims to keep the NFL team in the city, countering a potential move to a suburban dome.

The $461 million offer includes $367 million from taxes and stadium reserves, plus $94 million from parking revenue.
The proposal seeks a 30-year lease extension for the Browns, with a possible five-year extension.
Browns owners Dee and Jimmy Haslam are also considering a $2.4 billion dome in Brook Park.
The city believes keeping the team downtown is crucial for local businesses and jobs.
The Browns have until August 12 to respond to the city's offer.