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CLEVELAND PANEL RECOMMENDS RENOVATION OF BROWNS' HOME
Published January 27, 1995
A 12-person task force recommended yesterday the renovation of Cleveland's 63-year old Municipal Stadium rather than build a new facility for the Browns. The task force, appointed by Mayor Michael White, previously estimated that renovation would cost about $130M with interest, while a new stadium would cost $220M, plus interest and costs of land acquisition and infrastructure. This recommendation is not binding, the task force will present a proposal that will include a financing plan by mid-February. Joseph Roman, chair of the staff assisting the task force: "Renovation will give us a great facility, and it is clearly the low-cost alternative." The state is expected to finance "only a portion of the renovation." These funds could come through a plan by Governor George Voinovich to help Cleveland and other cities in the state fund large capital projects through a penny- a-can beverage tax (Phillips & Koff, Cleveland PLAIN-DEALER, 1/27).