CLEVELAND (WJW) -- The owners of the Cleveland Browns held a press conference with Cleveland Mayor Justin Bibb on Monday afternoon. The Fox 8 I-Team was there to cover the breaking news.

During the press conference, Cleveland Mayor Justin Bibb announced that Haslam Sports Group has agreed to contribute $100 million to lakefront projects in the city. He also said HSG has agreed to demolish the stadium to prepare the area for new development in the future.

The City of Cleveland and HSG have agreed upon the Cleveland Browns stadium being moved to a dome in Brook Park, Mayor Bibb confirmed. • WJW photo • WJW photo

Mayor Bibb says this is a “win, win for the city and a win, win for the region as well.”

Jimmy Haslam also spoke during the press conference, saying he is looking forward to

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