Browns Adding to Game Day Experience

[Otsego Mar]

I'd like the Browns to add a W to my @home TV watching experience thank you.

I thought they were supposed to get cheerleaders this year WTF?

And how the hell is the city going to pay for $42 mil? Uh...no thanks.

 

[AZ_]

I'd like the Browns to add a W to my @home TV watching experience thank you.

I thought they were supposed to get cheerleaders this year WTF?

And how the hell is the city going to pay for $42 mil? Uh...no thanks.

Nailed it....:thumbdown

 

[Binkster]

Official word is the total expected funding by the city will near $30M - Coming in the form of annual $2M payments for 15 years.

I think that's very modest, but that's just my opinion.

The team will be paying roughly $98M out of pocket (plus financing).

 

[Real Deal]

Best part about it is all the Cleveland steeler fans crying on facebook about paying this Lmao

 

[Otsego Mar]

If the Browns are serious they will put a dome on the stadium. Of course this will allow for all-year events. This will provide the city with revenue and maybe we can get those cheerleaders after all.

 

[Otsego Mar]

Official word is the total expected funding by the city will near $30M - Coming in the form of annual $2M payments for 15 years.

I think that's very modest, but that's just my opinion.

The team will be paying roughly $98M out of pocket (plus financing).

It seems modest when it's others' money.

Just put a fucking winning product on the field you lousy shmucks.

I'm more concerned with our terrible drafting and our inability to bring in a decent fucking QB.

You take $ from the city and then expect the citizens to financially back/support a poopy brown product? Lol They just might wise up eventually.

By the way...it's the PEOPLE who make the game day experience what it is. The fans.

Put a winning product on the field.

 

[caf]

If the Browns are serious they will put a dome on the stadium. Of course this will allow for all-year events. This will provide the city with revenue and maybe we can get those cheerleaders after all.

I'm confused by the tenses you are using here. Are you under the impression that the dome is a possibility? Because the upgrades are already announced, and there is no dome going on the stadium.

The money required is probably very prohibitive in terms of adding a dome. In the end it would probably be cheaper to build a whole new stadium than try to add a dome. You would need to massively reconstruct the stands to make them symmetric, additional structure would need to be added to support the dome, and strengthening of the foundation would probably be required.

I find it very odd that you are bitching about the current additions, and yet you are a proponent of a course of action that would waste way more money than the current proposal.

 

[caf]

Official word is the total expected funding by the city will near $30M - Coming in the form of annual $2M payments for 15 years.

I think that's very modest, but that's just my opinion.

The team will be paying roughly $98M out of pocket (plus financing).

Don't forget that the original lease required a yearly stipend of nearly a million dollars from the city for maintenance and competitive upgrades. Not a cent of that has been paid... So they are really only kicking in 15 million dollars as the other 15 million was already promised.

 

[cdt]

The money being used for this is money owed based on the lease agreement we made when the stadium was constructed. This money was going to be paid anyway, it's not new money being drug out of the tax payers.

 

[Soda]

First, allow me to say that I was at the press conference.

And how do you know that it won't be?

Higher tickets prices would also yield greater gains for the City. The City receives 8% of ticket revenue; that would rise with ticket prices.

I'd like the Browns to add a W to my @home TV watching experience thank you.

I thought they were supposed to get cheerleaders this year WTF?

And how the hell is the city going to pay for $42 mil? Uh...no thanks.

Not 42 million. Also, thought you lived "off the grid", guy?

Official word is the total expected funding by the city will near $30M - Coming in the form of annual $2M payments for 15 years.

I think that's very modest, but that's just my opinion.

The team will be paying roughly $98M out of pocket (plus financing).

It's very modest. Even the most skeptical listener turned their frown when details emerged. Banner is a confident and savvy businessman. Also, Mayor Jackson isn't a lame duck.

The money being used for this is money owed based on the lease agreement we made when the stadium was constructed. This money was going to be paid anyway, it's not new money being drug out of the tax payers.

Just to clarify this, because I know the media won't.

The City has a current fund that is to be used for "capital maintenance" for the stadium. The Browns got the City to allow them to have some say in what these funds go to. That fund is currently at $24 million. $12 mil is to be used for capital maintenance in the 3rd year (2016 tentatively); this will be maintenance agreed upon by the Browns and the City. The remaining $12 million will be left in the capital maintenance fund for down the road.

What the Browns asked for is $30 million dollars. That will come in the form of $2 million payments for 15 years. The Browns and the City calculated that number against the time-value of money (inflation makes the value of the dollar decrease, thus making 2 million in 2025 less valuable than it is now) and the adjusted cost to the City is 22.5 million.

ANYTHING OUTSIDE THE TWO MILLION DOLLAR PAYMENTS OVER 15 YEARS IS NOT RELEVANT TO THIS DEAL. What that means is that the $42 or some odd million dollars is a fabricated number. The City has been on the hook for everything outside the $2 million payments and they would be regardless of the outcome of this modernization project. It is money committed to that stadium regardless.

 

[Pyro]

By the way, the reason why I hated the experience is because I felt, well, I felt too safe.

Let's face it, if you don't feel like you can be stabbed at any given moment, it's not a real football game.

 

[AZ_]

If the Browns are serious they will put a dome on the stadium. Of course this will allow for all-year events. This will provide the city with revenue and maybe we can get those cheerleaders after all.

It seems modest when it's others' money.

Just put a fucking winning product on the field you lousy shmucks.

I'm more concerned with our terrible drafting and our inability to bring in a decent fucking QB.

You take $ from the city and then expect the citizens to financially back/support a poopy brown product? Lol They just might wise up eventually.

By the way...it's the PEOPLE who make the game day experience what it is. The fans.

Put a winning product on the field.

These two poorly constructed points are, at best, contradictory.

 

[bob2the2nd]

Just to clarify this, because I know the media won't.

The City has a current fund that is to be used for "capital maintenance" for the stadium. The Browns got the City to allow them to have some say in what these funds go to. That fund is currently at $24 million. $12 mil is to be used for capital maintenance in the 3rd year (2016 tentatively); this will be maintenance agreed upon by the Browns and the City. The remaining $12 million will be left in the capital maintenance fund for down the road.

What the Browns asked for is $30 million dollars. That will come in the form of $2 million payments for 15 years. The Browns and the City calculated that number against the time-value of money (inflation makes the value of the dollar decrease, thus making 2 million in 2025 less valuable than it is now) and the adjusted cost to the City is 22.5 million.

ANYTHING OUTSIDE THE TWO MILLION DOLLAR PAYMENTS OVER 15 YEARS IS NOT RELEVANT TO THIS DEAL. What that means is that the $42 or some odd million dollars is a fabricated number. The City has been on the hook for everything outside the $2 million payments and they would be regardless of the outcome of this modernization project. It is money committed to that stadium regardless.

i dont live in cleveland, it has no impact on me, but i just read your post and came to the conclusion you are very much for the city of cleveland giving the browns 30 million dollars for the stadium. which doesnt include the additional 24 million dollars the city is already on the hook for.

either you explained very poorly or you are arguing its no big deal the city of cleveland will be contributing 54 million dollars to CBS

edit: i think you were trying to explain the tax payers of cleveland would only be on the hook for another 18 million over the next 15 years or something like that. but it comes across as though the city already owes the browns 24 million, and if this all happens would owe the browns another 30 million, but thats totally okay

 

[Soda]

i dont live in cleveland, it has no impact on me, but i just read your post and came to the conclusion you are very much for the city of cleveland giving the browns 30 million dollars for the stadium. which doesnt include the additional 24 million dollars the city is already on the hook for.

either you explained very poorly or you are arguing its no big deal the city of cleveland will be contributing 54 million dollars to CBS

edit: i think you were trying to explain the tax payers of cleveland would only be on the hook for another 18 million over the next 15 years or something like that. but it comes across as though the city already owes the browns 24 million, and if this all happens would owe the browns another 30 million, but thats totally okay

For one, I am for it. Call me crazy, but I'd like the City to be looked at positively for something. Also, the people complaining about roads and other things haven't paid any attention to their mayor and what he said. Shocking.

For two, the Browns already have $24 million in a fund that is from sin tax that we previously agreed to. $12 million of that will go to the stadium after these renovations. That 12 million will go for capital maintenance and would've regardless of what happened with this modernization project. $12 million will then be left for future maintenance projects.

Finally, no, nothing about my explanation is poor. The City is paying two million per year for fifteen years under this deal. I'm not sure what's hard to understand about the time value of money, which I explained already. Short story, it is a deal where Mayor Jackson and the Browns agreed upon 30 million and framed it to say that by the time payments are made with future inflation taken into account, the cost will really be around 22 million.

So yes, this is a good deal for the City. The Browns are footing over 80% of the project and asking the City for under 20% of the cost. This is on top of the lease agreement the Browns have made to rent out the City's property.

So many people make it sound like we're paying for the Browns' shit, when really the Browns are paying to upgrade a City property. Oh, the travesty!

 

[Soda]

The outrage going on is absolutely insane. You will NEVER find a deal where the team is just handing out money like it's effing candy. Some of the people in this City are moronic. We want we want! Don't ask us for anything, though!