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!
But the city IS paying for the Browns' shit. And it's not a good deal for the city. A good deal for the city would be not being on the hook for improving Haslam's bottom line, period. Anything they have to pay to help him make money is not a good deal for the city.
I see you really believe that there is something to be gained by having a fancy new stadium. I just don't see it. Your best example seems to be that we'll get a couple prime time games. So? How much money does that actually bring back to the city? If this is about civic pride, we'll it's been proven time and again that there are better ways to increase civic pride than building stadiums. Finding ways to keep all these kids in the state after they graduate college would be a much better investment than giving drunk Browns fans a bigger scoreboard. If this is simply "I'm a Browns fan, and I don't care that it will cost the city more, I like sitting in a fancy stadium", then fine, I get it. But you then have to accept how it's a bad deal for a whole lot of other people.