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Council hears $11 million transfer for Cleveland Stadium, asks for capital repair detail

Cleveland City Council Finance Committee · February 21, 2026

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance staff told the committee the 2026 budget includes an $11 million transfer for Cleveland Stadium and an additional $2 million capital repair allocation; members requested documentation on outstanding reimbursements, the remaining bond principal (~$25M) and how planned repairs map to the lease term ending in 2028.

The committee reviewed the stadium budget and related transfer lines. Finance staff said the 2026 budget includes an $11 million transfer to the Cleveland Browns stadium account and noted approximately $25 million in outstanding principal on stadium bonds, which translates into roughly…

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