Oilers Unveil Details Of New Arena District Notre Dame Renovations Begin In November UNLV Delays Stadium Funding Request Until '17 Braves Dispute Mayor's Charge Facility Notes Dan Snyder: Redskins Planning New Stadium CommScope On As Daytona Rising Partner Dolphins Add New Food Vendors Consultants Narrow List Of Sites For Bills Stadium ISC Tracks Could Face Further Seating Reductions
Upcoming Conferences and Events
CITY PARKING TAX FINANCIAL BACKBONE OF CLEVELAND STADIUM
Published May 4, 1995
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).