In response to mounting speculation regarding plans for a new stadium, the Browns issued a statement Monday addressing the latest reports.
Real estate blogger Ken Prendergast of Cleveland-based NEOtrans reported Friday the organization is “leaning toward” building a new, covered stadium that could cost “in excess of $1 billion” and will likely require public funding. Prendergast cited owners Jimmy and Dee Haslam’s dissatisfaction with the condition of FirstEnergy Stadium–Cleveland’s home since 1999–as a key reason for the possible endeavor, noting that the club has already picked out “at least two sites” for a redevelopment project that could cover at least 50 acres of land.