• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

2

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

3

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

1

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

2

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

3

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
PoliticsOhio

The Cleveland Browns’ owner wants to move 15 miles to a new ‘world-class’ $2.4 billion stadium—but Ohio taxpayers are livid

By
Julie Carr Smyth
Julie Carr Smyth
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Julie Carr Smyth
Julie Carr Smyth
and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 14, 2025, 2:24 PM ET
A political battle fit for the gridiron is underway in Ohio, where state Republican leaders are clashing over whether to single out the Cleveland Browns for help building a new suburban domed stadium or impose tax hikes to fund stadium.
A political battle fit for the gridiron is underway in Ohio, where state Republican leaders are clashing over whether to single out the Cleveland Browns for help building a new suburban domed stadium or impose tax hikes to fund stadium.AP Photo/Kareem Elgazzar

A political battle fit for the gridiron is underway in Ohio, where state Republican leaders are clashing over whether to single out the Cleveland Browns for help building a new suburban domed stadium or impose tax hikes to fund stadium upgrades for the Cincinnati Bengals and other teams longer term.

Recommended Video

Neither idea is without critics in both parties, who argue that underwriting National Football League stadiums siphons money from the state’s policy priorities, including funding infrastructure and public schools.

The most heated debate centers on a proposal by Haslam Sports Group, which owns the Browns, to relocate from the team’s existing open-air stadium on downtown Cleveland’s lakeshore — where they have played since 1999 — to a new $2.4 billion complex in Brook Park, about 15 miles (24.14 kilometers) south. The team has proposed a private-public partnership to which the state would contribute $600 million.

After the money was approved by the Ohio House last week, commissioners in Hamilton County, home to the Bengals, balked. They moved swiftly to re-up their request for $350 million for Paycor Stadium, where the Bengals’ lease is up June 30, 2026. The ask follows Bengals Executive Vice President Katie Blackburn’s comments at recent NFL meetings in Florida, where she said, “We could, I guess, go wherever we wanted after this year” — while noting negotiations are progressing.

The stadium debate heads to the Ohio Senate after their two-week spring break.

Browns dream big, Cleveland recalls Modell nightmare

Dee and Jimmy Haslam, generous Republican campaign donors, say they want a facility “consistent with other world-class NFL stadiums.” With the addition of a dome, the Browns could host year-round events during northeast Ohio’s severe winters and “catalyze meaningful economic impact” at an adjacent entertainment complex. They point out that eight in 10 home game attendees live outside city limits.

Leaders in Cleveland, where Browns games draw coveted economic activity to downtown and the tourism district along Lake Erie, are livid. The existing $247 million Huntington Bank Field was primarily funded by city and county tax dollars. To many, it’s a symbol of the hard-luck sports town’s commitment to the team it nearly lost when then-owner Art Modell notoriously packed off to Baltimore in 1996.

Modell’s messy exit, also hitched to a stadium dispute, led to a state law that says no owner of an Ohio professional sports team that plays most of its home games at a tax-supported stadium can go elsewhere without an agreement with its host city or unless the host city is given six months’ notice with an opportunity to buy the team.

Democratic Cleveland Mayor Justin Bibb and members of the city council have threatened for months to invoke the “Modell Law” to prevent the Browns from leaving their current location, where the lease runs through the 2028 season. The city plans to remake the so-called “North Shore” with an eye toward accessibility, economic development and environmental protection. The team has filed a constitutional challenge to the law, and the city sued it back.

Meanwhile, the clock for allocating dollars toward the project is running down: Lawmakers face a June 30 deadline to finalize the state budget for the next two years.

Governor and House have different funding ideas

Republican Gov. Mike DeWine’s budget proposal called for raising the $600 million by doubling the tax on sports betting companies from 20% to 40%. The idea was to create a long-term revenue stream that could help both the Browns and the Bengals, and other teams.

“The governor’s plan goes beyond one team,” DeWine spokesman Dan Tierney said. “The general revenue fund can’t afford that. Therefore, we need to look at something that is more sustainable and can help all the teams.”

The GOP-led Ohio House, however, rejected DeWine’s plan in a vote last week. Its version of the operating budget calls for issuing $600 million in general obligation bonds to pay for the Browns project instead. Paying off the bonds would cost the state about $1 billion over 30 years.

House Finance Chairman Brian Stewart told reporters that the “metrics” of bonds are better for Ohio taxpayers because officials project that tax revenue from the Browns’ “megaproject” will be ample to cover the $40 million a year it will take to repay the bonds.

Senate must work through the opposition

As the Senate takes up the bill, it must weigh opposition to the current plan from all quarters: DeWine, the city of Cleveland, the Bengals, legislative Democrats and Republican Attorney General Dave Yost, who is running to succeed DeWine next year.

“Ohio is getting ready to spend more money on a new stadium in one city for one football team than it will spend on new highway construction for the next two years in the entire state,” Yost wrote in a recent Columbus Dispatch op-ed. He called state money for the project a “spendthrift gift to a billionaire.”

House Democrats unsuccessfully fought to pause the funding proposal altogether, citing unanswered questions about revenue projections, economic impacts and commitments by private developers. Cleveland Rep. Terrence Upchurch told reporters that lawmakers have more important priorities than helping the Browns’ owners, “especially since they only won three (expletive) games last year,” referring to the team’s 3-14 record.

A fellow Democrat in the Republican-supermajority Senate has proposed prohibiting public dollars from going to any professional sports franchise without a winning record in three of its five past seasons.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Julie Carr Smyth
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO
AIMarkets
‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO
By Jim EdwardsJune 9, 2026
2 hours ago
Brian Schimpf gestures with both hands as he speaks on stage.
Startups & VentureBrainstorm Tech
Anduril CEO Brian Schimpf says economic warfare is the ‘new normal’ for military conflicts—and the U.S. needs to get serious
By Lily Mae LazarusJune 8, 2026
13 hours ago
As America nears its 250th, roughly half thinks the American Dream isn’t true anymore
North Americademocracy
As America nears its 250th, roughly half thinks the American Dream isn’t true anymore
By The Associated Press, Gary Fields, Linley Sanders and Nicholas RiccardiJune 8, 2026
15 hours ago
Donald Trump shakes the hand of a farmer wearing a red shirt
EnvironmentTariffs
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
16 hours ago
Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants
PoliticsPope
Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants
By The Associated Press, Suman Naishadham and Nicole WinfieldJune 8, 2026
21 hours ago
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
EconomyMarkets
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
1 day ago

Most Popular

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
Economy
'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
1 day ago
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
16 hours ago
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
2 days ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
24 hours ago
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
Economy
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
By Nick LichtenbergJune 7, 2026
2 days ago
Current price of silver as of Monday, June 8, 2026
Personal Finance
Current price of silver as of Monday, June 8, 2026
By Joseph HostetlerJune 8, 2026
24 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.