The total cost would be $2.4B. $1.2B would be privately funded with the remaining $1.2B split as follows

Essentially, each entity would take on bonds to pay for their portion.

Those bonds would be paid off with  revenue from the future stadium, with the revenue going to public use once the bonds are paid.

David Jenkins is the Chief Operating Officer for the Cleveland Browns. At a Browns Roundtable, he made it clear no current taxpayer dollars would be used to fund the facility, “There’s not one penny of existing taxes coming out of the county, the city, Brook Park, or the state’s budget, that would be directed toward this project. We’re working with the county on potentially a bed tax increase of 1% that could generate $500 million over 30 years.”

But Cuyahoga County Executive Chris Ronayne who called a news conference late Thursday afternoon said he was shocked by the Browns’ economic proposal, “We have to throw a flag on the play. I think that the numbers themselves are inflated. Our numbers are half of that. Our analysts say it’s $250 million at best over 30 years, so that’s why I say it’s a Hail Mary to throw out numbers that don’t square.

The problem for the taxpayers is we are being asked to float the bonds for essentially a private development to the tune of $600 million. For us, it’s a risk to taxpayers themselves.”

Browns Leadership has also suggested a rental car fee as a source of revenue to help pay back the bonds because 70% of those attending Cleveland Browns Football games are from outside the county.

But County Executive Ronayne says they are throwing out ways to finance the project that have not been vetted, “Something like the car rental tax fee which hasn’t been vetted by our Cuyahoga County residents or by the state of Ohio.