00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Cleveland Browns are leaving their lakeside stadium for a new domed facility in Brook
00:06Park, Ohio, the team confirmed.
00:09Browns owners Jimmy and Dee Haslam cited the need for a year-round stadium and economics
00:14favoring the new location over the current lakefront site.
00:17Cleveland Mayor Justin Bibb criticized the move, stating the decision was driven by profit
00:21over community impact.
00:23The new $2 billion project will rely on private and public investment, but no existing taxpayer
00:28funds.
00:29Cleveland will lose $30 million in annual economic impact, but remains open to negotiations
00:34if plans fall through.
00:36For all things money, visit Benzinga.com slash GSTV.
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