Particle.news

Download on the App Store

Ohio Budget Director and State Report Criticize Browns’ $2.4 Billion Stadium Plan

Analyses question the project’s economic projections, job creation claims, and the constitutionality of proposed state bonds.

Image

Overview

  • The Ohio Legislative Service Commission released a report challenging the Browns' economic projections, calling visitor and job estimates overly optimistic.
  • Ohio budget director Kim Murnieks labeled the stadium bond plan 'risky,' asserting the Browns overstated job creation and tax revenue benefits.
  • The report raises legal uncertainties over the constitutionality of $600 million in state bonds for the project, suggesting only a court can decide.
  • The Browns have abandoned lakefront renovation plans and are fully focused on the Brook Park dome, which would cost $2.4 billion with $1.2 billion sought in public funding.
  • Critics, including Cuyahoga County Executive Chris Ronayne, argue the suburban stadium would harm downtown Cleveland's economy and result in annual tax revenue losses for the city.