TSN TV Schedule TSN2 TV Schedule
NFL

Browns to pay $120 million for stadium renovations

{eot}
The Canadian Press
11/19/2013 4:19:37 PM
Decrease Text SizeIncrease Text Size
Text Size

CLEVELAND -- The Browns will finance $120 million for renovations at FirstEnergy Stadium and recoup $42 million from the city.

Mayor Frank Jackson and Browns CEO Joe Banner announced the tentative agreement Tuesday. The Browns will receive $2 million annually over the next 15 years from the city. That money is owed to them as part of their existing lease. They'll get an additional $12 million from a capital improvements fund.

Last week, the Browns announced details for planned improvements to the 15-year-old stadium. But they did not indicate how they intended to pay for the two-year project beyond a $62.5 million loan from the NFL.

The Browns plan to install giant scoreboards and make other upgrades to their lakefront stadium. The city's planning commission approved the proposal last week.

Cleveland Browns (Photo: NFL)

zoom

(Photo: NFL)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story


2014 NFL Draft

The Houston Texans selected defensive end Jadeveon Clowney first overall in the 2014 NFL Draft.


Round-by-Round Picks: 1 | 2 | 3 | 4 | 5 | 6 | 7

Hall Of Fame

Ray Guy, Derrick Brooks, Walter Jones, Michael Strahan, Andre Reed, and Aeneas Williams, headlined this year's Hall of Fame class. More...

Podcasts

TSN 1050: Game Night: Joe Horrigan - July 30

Pro Football Hall of Fame VP of Communications Joe Horrigan joined Game Night with Jim Tatti & Andy McNamara to talk NFL Hall of Fame Weekend

TSN 1050: The Bryan Hayes Show: July 28 - John Kryk

SunMedia NFL Columnist, John Kryk joined Bryan Hayes to discuss the potential of Manziel & EJ Manuel's struggles in camp.

TSN 1050: The Bryan Hayes Show: July 23 - Jim Trotter

ESPN NFL Analyst, Jim Trotter joined Bryan Hayes to discuss Tony Dungy's comments about Michael Sam, Brett Favre's Packers legacy & Johnny Manziel.


More Podcasts

© 2014
All rights reserved.
Bell Media Television