BROOK PARK, Ohio (WOIO) - The Brook Park mayor responded to the $100 million agreement announced Monday between the City of Cleveland and the Haslam Sports Group (HSG).
Cleveland Mayor Justin Bibb said the money from HSG will go to the lakefront transformation and prepare the current lake stadium site for redevelopment.
“It is good to see that they are able to settle the differences they have. I know it is very important to Mayor Bibb. He is committed to upgrading the waterfront and making sure that he can utilize that property to do something very special. i also know that he has big plans for the airport, so i am glad to see that he can move forward with some of the objectives he has,” said Brook Park Mayor Edward Orcutt.
“Because of Mayor Bibb’s leadership, and this monumental public-private partnership, we are accelerating the transformation of Cleveland’s lakefront while delivering a new world-class stadium and mixed-use development in Brook Park. It’s a win for the city, the region, and the fans,” said HSG Principal Partners Dee and Jimmy Haslam.
Work officially began this week on the new Cleveland Browns stadium in Brook Park on Oct. 2.
HSG announced that AECOM Hunt and Turner Construction Company will be the construction managers for the new Huntington Bank Field.
Groundbreaking is expected to take place in early 2026 and the stadium should open in 2029.
_**Highlights of the City of Cleveland agreement:**_
* _HSG to pay the City of Cleveland the sum of $25 million by December 1, 2025._
* _HSG to raze the current Huntington Bank Field in downtown Cleveland to a pad-ready_ and _state at the Browns’ expense. This cost is estimated to be $30 million._
* _Beginning on January 1, 2029, pay the City of Cleveland $5 million on or before January 1 of each calendar year until January 1, 2033, totaling $25 million over five years._
* _Upon termination of the Lease, HSG to invest no less than $2 million per year over the next 10 years on a mutually agreed Community Benefit Projects totaling no less than $20 million._
* _Parties to mutually support infrastructure plans related to road and air travel with respect to both the Brook Park stadium mixed-use project, the modernization of Cleveland-Hopkins International Airport, and the development of the Cleveland lakefront, including the redevelopment of the Burke Lakefront Airport property._
* _City to support the continuing progress and timely completion of transformational Brook Park stadium and mixed-use development._
* _Both parties will voluntarily dismiss all lawsuits with prejudice related to Browns Huntington Bank Field move to Brook Park, OH._
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