According to Mary Kilpatrick of the Plain Dealer and Daryl Ruiter of 92.3 the Fan, the Cleveland Browns have agreed in principle to extend the lease on the team facility in Berea through the 2039 season. The city of Berea owns the Browns’ headquarters and training facility, and have leased it to the club since 1991. Back in 2015, the Browns extended their lease with the city through 2029.
Here are the details of where the agreement stands, per Ruiter:
Berea City Council met Monday night to consider authorizing a refinancing of $6.15 million from the $15 million renovation and expansion in 2016 as well as an ordinance authorizing Mayor Cyril Kleem to execute the lease extension with the team. There are no additional public funds for renovations attached to the new lease agreement and extension.
On Tuesday, Kleem told 92.3 the Fan that this is a great deal for the city; the Browns reportedly account for 25% of Berea’s income tax revenue.