(ONN) – The City of Cleveland and the Haslam Sports Group have agreed to a $100 million settlement enabling the Browns to move to Brook Park when their new domed stadium is completed in 2029.

By December 1st of this year, the Browns will pay the Cleveland a sum of $25 million.

They will also pay the city roughly $30 million in order to demolish the current lakefront stadium, paving the way for that redevelopment.

Over the course of 2029 through 2033, Haslam Sports will pay the city five million per year, totaling $25 million.

Once the lease downtown is terminated, Haslam Sports will invest no less than two million per year over the next ten years to community benefit projects totaling $20 million.