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SBD/4/Facilities VenuesPrint All
The Cleveland Stadium Task Force unveiled their plan to pay for the renovation of Cleveland Stadium, home of the Browns, through a combination of public and private-sector funding. The Task Force estimated that renovation will cost $154M and recommended that the "biggest single source of funding" -- slightly more than half -- be a new 15% tax on paid, off-street parking in the city. Under the proposal, public funding of $128M -- 83% of the $154M total -- would be shared by the city, county and state. Cuyahoga County would contribute $1.8M/year and the state $2M/year. The public funds would go toward "non- discretionary" renovation items, including basic structural and safety work -- 91% of the total cost. Task Force Chair David Hoag notes that the city, which has received "significant economic benefits" from the stadium, has made no investment in the facility since '66. Private money would go toward "discretionary" items such as a new scoreboard and video replay boards, an improved sound system, new phones, enhanced security, new ad panels, and loge renovations (Stadium Task Force).
The TX Senate approved a bill allowing cities to create special enterprise zones to pay for new sports complexes, according to the DALLAS MORNING NEWS. The measure was backed by the Cowboys, Mavs, Stars, Oilers, Rockets and Spurs. Under the bill, cities would be allowed to create a sports authority that would set up a "sports-facility enterprise zone to assist in the construction or renovation of a stadium or arena." The bill now moves on to the House (Terrence Stutz, DALLAS MORNING NEWS, 5/3).