Ohio Senate Approves Its Version of Budget, Including $600M for New Cleveland Browns Domed Stadium in Brook Park
- The Ohio Senate approved a $60 billion two-year budget on Wednesday, allocating $600 million to support the Cleveland Browns' proposed domed stadium in Brook Park.
- This approval followed earlier House passage and ongoing negotiations, with the Senate plan notably drawing $600 million from unclaimed state funds to form a Sports and Culture Facilities Fund.
- The Browns and Haslam Sports Group plan to invest over $2 billion privately, committing $50 million in escrow as protection if tax revenues from the stadium and development fall short.
- Senate Minority Leader Nickie Antonio condemned the budget for failing to adequately support education while offering tax breaks to the wealthy, emphasizing that properly financing education was clearly not a top priority.
- The final budget must be reconciled by June 30 and signed by Governor DeWine, with the Browns willing to proceed without county participation amid criticism labeling the plan risky and taxpayer-funded.
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Read Full ArticleOhio Senate Mandates $100M Liability on Jimmy Haslam Before Announcing 9-Figure Decision for Browns
Jimmy Haslam‘s been playing stadium hardball with Ohio politicians for months – and the state just spectacularly called his bluff. Remember when the Browns‘ owner casually mentioned last winter he might move training camp to Alabama? Or when his reps started whispering about ‘exploring options’ if the stadium deal stalled? Well, the Ohio lawmakers just flipped the script. They responded with steel. On May 14, cleveland.com reported Senate Financ…
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C 71%
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