Weatherhead’s Jonathan Ernest discusses payment options for major upgrades to Cleveland’s FirstEnergy Stadium

Decisions of the past could determine future plans for FirstEnergy Stadium lease

WEWS: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, contributed to a story about how to pay for major upgrades and renovations to FirstEnergy Stadium approaching the expiration of the Cleveland Browns’ lease in 2028—and whether investing public money is worthwhile. “Generally, what we find is at best it’s kind of a break-even, and at worst it ends up costing a little bit more than what it really generates when you take all the costs into account,” he said.