Breaking News: RCLCO Study Shows Brook Park’s Domed Stadium and Mixed-Use Development Set to Transform Northeast Ohio
RCLCO, a leading real estate consulting firm, has unveiled the results of its study on the proposed Cleveland Browns domed stadium and adjacent mixed-use development in Brook Park. The findings indicate that the project has the potential to serve as a major catalyst for economic growth across Cuyahoga County and beyond, with significant benefits for the region’s economy and quality of life.
Key Findings from the Study:
- Viability for Mixed-Use Development: RCLCO confirmed that the Brook Park site is highly suitable for a stadium-anchored mixed-use development, citing examples from across the country, such as The Battery in Atlanta and Titletown in Green Bay. The domed stadium could draw an additional 1.5 million visitors annually, boosting the local economy and attracting new spending to the area.
- Economic Impact: The project is expected to generate a substantial economic boost for the region, with an estimated $1.2 billion in annual economic output. The development would create nearly 5,400 permanent jobs, including 870 at the stadium, 2,520 in the mixed-use district, and 1,980 at businesses surrounding the development.
- Benefits for Downtown Cleveland: While the new stadium will be located in Brook Park, the study indicates that downtown Cleveland will also see significant economic benefits. Increased visitor spending at hotels, restaurants, and bars is expected to contribute an additional $10-$12 million annually to the city’s economy.
RCLCO’s study emphasizes that the project will not only revitalize Brook Park but also benefit the entire Northeast Ohio region. By hosting more major events, the domed stadium will help capture economic activity that has previously gone to other cities, positioning Cleveland as a premier destination for visitors and events alike.
Haslam Sports Group Chief Operating Officer Dave Jenkins expressed confidence in the study’s findings, stating, “The new enclosed stadium, with numerous premier events and year-round activity, will have a significant economic impact throughout Northeast Ohio, including downtown Cleveland, in ways currently not experienced.” The move also opens the door for the redevelopment of Cleveland’s lakefront, providing even greater long-term growth potential.
The proposed project’s success hinges on careful planning and continued collaboration with local stakeholders to ensure that it delivers maximum benefits for both the Cleveland Browns and the broader Cleveland community.