Ohio Court Blocks $600M for Browns Stadium
Cleveland Browns News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ohios Browns Stadium Funding Blocked: Magistrate Rules Unclaimed Funds Ineligible
A Franklin County magistrate has ruled that Ohios unclaimed funds cannot be used to build a new Cleveland Browns stadium in Brook Park, blocking access to part of a one-billion-dollar pot set up for sports and cultural facilities. The Browns were counting on six hundred million dollars from the pool, while other teams like the Cleveland Cavaliers, Cleveland Guardians, and Akron RubberDucks also lined up for their share. Legal experts see this as a sign that dipping into unclaimed money for stadiums is risky business. The state Department of Commerce can challenge the ruling, and a judge might weigh in next, leaving the Browns stadium plans up in the air.
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