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The Cleveland Browns, a National Football League (NFL) team, is seeking public funding for a new $2.4 billion domed stadium in Brook Park, Ohio. The team's current lease on Cleveland Browns Stadium expires in 2028, and they have conducted a feasibility study for renovations that would cost over $1 billion. The Browns are now requesting $1.2 billion in total funding, with $600 million each from the state and local governments. Economists have found that stadium projects generally do not result in positive fiscal returns for local governments, but Ohio Governor Mike DeWine believes that professional sports contribute to the state's quality of life and economic development. [Extracted from the article] |
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