The Haslam family is making a historic investment in Northeast Ohio and has furthered their commitment to creating a transformational project for the region with the new Huntington Bank Field.
As the early stages of the stadium project unfold in Brook Park, the Haslam family has increased their contribution to $1.755 billion in the project. Managing and Principal Partners Dee and Jimmy Haslam and Managing Partners Whitney Haslam Johnson and JW Johnson continue to be leaders in the local community, and the family's historic investment serves as a catalyst for transformation in Northeast Ohio.
Yet the investment is more than just in the stadium project, their increased contribution allows for future stadium enhancements focused on creating the best stadium fan experience and in sports. From a new and improved Dawg Pound to bringing fans closer to the game than ever, the project will look to include something for every Browns fan.
"We are committed to Northeast Ohio and believe with this increased investment, we will create not only a transformative world-class stadium and development but an opportunity to positively impact further growth in our region," Dee and Jimmy Haslam said in a statement. "We believe that Cleveland and all of Northeast Ohio deserve this state of the art, first-of-its kind venue and we will continue to work on our commitment to build a stadium and football team that our fans and community will be proud of."
The Haslam family sees value in investing more into the project because they believe in creating the greatest stadium experience for Browns fans and for what a project like this will do for the region.
The $2.6 billion project consists of $1.755 billion, or 67.5 percent, in Haslam family investment and $845 million, or 32.5 percent, in public investment that will be covered with return from project generated tax revenue. With the additional attached mixed-use development, the total amount of the project becomes $3.6 billion with $2.755 billion, or 76.5 percent, in private investment and $845 million, or 23.5 percent, in public investment.
The new enclosed stadium will serve as the centerpiece of Northeast Ohio's largest economic development initiative to date. Designed and built with the fan and community in mind, the stadium will feature the world-class venue alongside a vibrant mixed-use entertainment district, led by award-winning development partner and real estate firm Lincoln Property Company, that will spur long-term economic growth and celebrate the region's spirit and identity.
The 67,500-seat "Super Theater" venue, designed by leading sports architecture firm HKS, will be capable of hosting a wide array of premier large-scale events year-round, including NCAA Final Fours, international soccer matches and concerts for crowds of up to 75,000.
The transformative project, and the increased investment from the Haslam family, serves as a catalyst for other regional growth and secures the Browns' future in Northeast Ohio for generations to come.
