Financing Stadiums: A Look at Cleveland’s Sports Teams Seeking Public Funding

Cleveland’s sports teams are currently seeking public funding to help with stadium costs. The Cleveland Guardians have requested $500,000 in taxpayer dollars to offset the $1 million price tag for upgrading their team shop at Progressive Field. Meanwhile, the Cleveland Browns are contemplating building a new stadium in Brook Park or renovating the current stadium on the lakefront with assistance from the City of Cleveland. In 1999, the Browns stadium cost approximately $285 million, with nearly 75% of the funding coming from public sources.

The owners of these teams are exploring various avenues to cover the costs, including requesting $600 million from the state of Ohio for the construction of a new stadium. The discussion of sports stadium funding will be examined on the “Sound of Ideas” show, focusing on regional approaches and future strategies for financing new facilities and updating existing ones. Ken Silliman, a former public servant with expertise in sports facilities funding in Northeast Ohio, will provide insights from his new book on the subject. The panel will also include Victor Matheson, an economics professor with extensive research on the topic, and Glenn Forbes, a producer at Ideastream Public Media.