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It’ll take about $1 billion for the state to pay back the $600 million in bonds to help fund the Cleveland Browns' new stadium and development, but Republican House leaders say it will be money well spent.
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Republicans are considering adding a $600 million package of state-backed bonds for a $3.4 billion domed stadium and development for the Cleveland Browns to the Ohio budget.
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The three Democrats' letter to Republican leaders comes as an amendment has been drafted to add a $600 million bond package for the Cleveland Browns stadium project into the budget.
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Though the draft amendment would add the bond package to the budget and eliminate a proposed sports facilities fund, Gov. Mike DeWine is staying positive.
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The game will be played at Huntington Bank Field, the home of the Cleveland Browns, which seats 67,000. The Crew's Lower.com Field seats 20,000.
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The Browns have talked up a domed stadium outside of downtown Cleveland that could cost nearly $2.5 billion, or a billion-dollar renovation of the existing stadium.
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Cleveland city leaders and Browns ownership say they want the stadium in Cleveland. But the reality is more complicated
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The Browns and FirstEnergy Corp. have ended their naming rights agreement.