Browns stadium thread: To dome or not to dome

[southernflyer]

...on the site of a toxic waste dump.

What comes out of it? The Swamp Thing or the Toxic Avenger?

 

[southernflyer]

I really don't get why he is fighting it, other than it's probably a big re-election problem.

Optics. 'We tried. The big bad billionaire left us for the greener pastures of...Brook Park. We even sued to keep the Browns playing in that dump on the lake.'

 

[inliner311]

I didn’t read the story carefully but if they closed the transaction today it was clearly planned for today and either it’s a coincidence or the City decided to sue because they found out this was happening.

The law and lawsuit are not serious imho. Both are political exercises that are highly unlikely to prevail in court. The politicians look like they’re “doing something” but it’s a waste of legal time and money.

They executed their option to buy it. Not closed on buying the land. Taking into account that no one else really wants this land and it has sat empty for a very long time. I'm sure they could have amended the contract to wait on when they had to pick up the option to buy it.

"We have executed the clause and taken the necessary steps in our land purchase agreement with the current owners to solidify our future purchase of the 176-acre site in Brook Park for a new Huntington Bank Field enclosed stadium, along with an adjacent mixed-use development"

 

[inliner311]

Optics. 'We tried. The big bad billionaire left us for the greener pastures of...Brook Park. We even sued to keep the Browns playing in that dump on the lake.'

The optics goes both ways. I don't think it's a good look to buy the land while the lawsuit is out there. Figure out a way to get everyone or close to everyone on board with this. You might not ever get the city of Cleveland on board for it but you should at least get Cuyahoga county on your side.

Like if public funds are expected then the public should have their say.

 

[macbdog]

What comes out of it? The Swamp Thing or the Toxic Avenger?

Cleveland V8s.

 

[westsidebob]

The release didn't say they bought the land. It said they "executed a clause to" "solidify our future purchase". That's legal and PR gibberish.

They didn't explain what the clause was.

It could be to execute a binding agreement. It could be to have the right to perform due diligence environmental surveys. It could trigger an exclusivity period. It could require a meeting in 2067 to continue discussions. It could require the seller to be cost-plussin' whenever Jimmuh asks.

This is an even dumber press release than Bibb's Modell Law statement.

 

[Otsego Mar]

Where there’s smoke, there is fire…..but no longer on the Cuyahoga river.

 

[bigfoot5415]

What comes out of it? The Swamp Thing or the Toxic Avenger?

Toxic Avenger toys came out well into the late 90s. Which is funny because part two came out in late 89 and only did less than a mil at the box office.

 

[Robbie Jay]

Listen to Joe….

Searching For Answers Surrounding Browns Stadium Saga

None of the stated political opposition appears to be rooted in logic which begs the question — Is something else at play?

medium.com

 

[southernflyer]

The release didn't say they bought the land. It said they "executed a clause to" "solidify our future purchase". That's legal and PR gibberish.

They didn't explain what the clause was.

It could be to execute a binding agreement. It could be to have the right to perform due diligence environmental surveys. It could trigger an exclusivity period. It could require a meeting in 2067 to continue discussions. It could require the seller to be cost-plussin' whenever Jimmuh asks.

This is an even dumber press release than Bibb's Modell Law statement.

An option to purchase agreement is a legal contract that grants a party the right to buy a property or asset at a specified price within a specified timeframe. The agreement will provide both buyer and seller flexibility, allowing each to conduct further due diligence, secure financing, or assess market conditions before committing to the purchase.

HSG/the Browns exercised their layaway on the tv they aren't 100% sure they are going to buy. It's held in the back with their name on it and payment terms. Their down payment (option fee) will be lost if they decide to walk away.

 

[smalls1129]

Listen to Joe….

Searching For Answers Surrounding Browns Stadium Saga

None of the stated political opposition appears to be rooted in logic which begs the question — Is something else at play?

medium.com

That article probably does sum it up. It'll never happen bc of billionaire egos and Cleveland political ineptitude but the best solution is real clear. Huntington Bank Stadium blown up. Haslem sells Brookpark to the PO in a land exchange with the downtown facility. Gilbert and Haslem develope both the riverfront and the areas surrounding the new dome at the PO land AND the lakefront in tandem.

Two entertainment, living and retail/restaurants destinations downtown and the PO is right by the airport. It'll never happen bc of egos and politics but it seems to solve the issues and give everyone a large chunk of what they want.

 

[westsidebob]

An option to purchase agreement is a legal contract that grants a party the right to buy a property or asset at a specified price within a specified timeframe. The agreement will provide both buyer and seller flexibility, allowing each to conduct further due diligence, secure financing, or assess market conditions before committing to the purchase.

HSG/the Browns exercised their layaway on the tv they aren't 100% sure they are going to buy. It's held in the back with their name on it and payment terms. Their down payment (option fee) will be lost if they decide to walk away.

"aren't 100% sure they are going to buy."

That's the point. The press release and subsequent media reporting dropped the "n't" out of your statement.

It was presented as if this is a done deal and it's light years from that. The press release was marketing 101.

 

[Robbie Jay]

"aren't 100% sure they are going to buy."

That's the point. The press release and subsequent media reporting dropped the "n't" out of your statement.

It was presented as if this is a done deal and it's light years from that. The press release was marketing 101.

It’s a done deal. There is no Lakefront option the Browns will accept.

Unless Cuyahoga County messes this up so badly that the Browns go to Medina.

They already have a backup site there.

Dan owns the Cleveland/Cuyahoga County local politicians. Haslam has bought out the Republican Legislature at the state level. Funding lead by “my good friend” Tom Patton.

 

[southernflyer]

Dan owns the Cleveland/Cuyahoga County local politicians. Haslam has bought out the Republican Legislature at the state level. Funding lead by “my good friend” Tom Patton.

Gilbert: CEO of a company in the mortgage industry sued for predatory behavior and illegal kickback schemes. Bought the Cavs after LeBron was drafted and the team was on the upswing financially and on the court. Considered a meddling owner after purchasing the team. Spent over average on salaries. Comic Sans letter. Cavs are worth 11x what Gilbert paid.

Haslam: CEO of a company of truck stops sued for fuel refund fraud. Bought the Browns in the middle of a decade plus losing record. Considered a meddling owner after purchasing the team. Spent over average on salaries. Invested in the largest fully-guaranteed contract in the sport's history. Browns are worth 4.5x what Haslam paid.

A few differences between the two. 1) Dan gets a lot of public/political goodwill for the '16 championship. Which he should to a minor degree. 2) Rocket Mortgage FieldHouse was in a better structural situation and comparable to other NBA arenas 3) Cleveland has been Browns town for the better part of 75 years and are more emotionally invested after losing the team to Baltimore. 4) Gilbert's net worth is 3x Haslam's, $24b to $8b.

Gilbert spent money to support gaming on the ballot in Ohio. He benefited by receiving one of the four licenses to operate a casino in Ohio. The casino plans were drawn back and was a half-hearted attempt that benefits Gilbert's other interests in the city. Dan's Bedrock Cleveland ties in to the casino, Rocket Fieldhouse and properties he owns around Gateway. The Cavs hired the city's finance director to gain influence for Gilbert's proposals. Dan's a Detroit boy, and always will be. His real estate/investments are split between the two cities.

Haslam divested his interest in Pilot Flying J to Warren Buffett's Berkshire Hathaway. He has other sports investments-majority owner of the Columbus Crew and minority share of the Milwaukee Bucks. Supports the University of Tennessee and Knoxville charities and owns power plants in NY and Massachusetts.

So why is one considered a good owner and the other a greedy billionaire?

 

[Robbie Jay]

Gilbert: CEO of a company in the mortgage industry sued for predatory behavior and illegal kickback schemes. Bought the Cavs after LeBron was drafted and the team was on the upswing financially and on the court. Considered a meddling owner after purchasing the team. Spent over average on salaries. Comic Sans letter. Cavs are worth 11x what Gilbert paid.

Haslam: CEO of a company of truck stops sued for fuel refund fraud. Bought the Browns in the middle of a decade plus losing record. Considered a meddling owner after purchasing the team. Spent over average on salaries. Invested in the largest fully-guaranteed contract in the sport's history. Browns are worth 4.5x what Haslam paid.

A few differences between the two. 1) Dan gets a lot of public/political goodwill for the '16 championship. Which he should to a minor degree. 2) Rocket Mortgage FieldHouse was in a better structural situation and comparable to other NBA arenas 3) Cleveland has been Browns town for the better part of 75 years and are more emotionally invested after losing the team to Baltimore. 4) Gilbert's net worth is 3x Haslam's, $24b to $8b.

Gilbert spent money to support gaming on the ballot in Ohio. He benefited by receiving one of the four licenses to operate a casino in Ohio. The casino plans were drawn back and was a half-hearted attempt that benefits Gilbert's other interests in the city. Dan's Bedrock Cleveland ties in to the casino, Rocket Fieldhouse and properties he owns around Gateway. The Cavs hired the city's finance director to gain influence for Gilbert's proposals. Dan's a Detroit boy, and always will be. His real estate/investments are split between the two cities.

Haslam divested his interest in Pilot Flying J to Warren Buffett's Berkshire Hathaway. He has other sports investments-majority owner of the Columbus Crew and minority share of the Milwaukee Bucks. Supports the University of Tennessee and Knoxville charities and owns power plants in NY and Massachusetts.

So why is one considered a good owner and the other a greedy billionaire?

I don’t think either aren’t considered “greedy billionaires”.

Dan is a good owner because he won a championship as you said. That simple.