US EditionStadium Deal Nearly Collapsed at Last Minute, with Bengals Seeking to Extend Current Lease
HAMILTON COUNTY, OHIO, JUL 31 – Hamilton County commissioners approved an 11-year lease including $470 million in stadium upgrades to retain the Bengals through 2036, pending the team's final review of the lease terms.
- Hamilton County commissioners will set to meet later this morning around 10:00 to discuss a lease with the Cincinnati Bengals, with the team contributing $120 million and the county contributing $120 million.
- Following a deal made last month, commissioners said they will meet ahead of a self-imposed deadline to lock in the Paycor Stadium lease.
- Under the approved terms, the lease includes 10 option years through June 2046, with rent starting at $1 million for three years and increasing to $2 million in year four.
- Meanwhile, Reece said, "In this deal, the taxpayers aren't in it" as her motion to send the lease to voters failed, creating political uncertainty.
- Ahead of Friday’s special meeting, the board scheduled a 4 p.m. Friday session if no deal is reached today, with the lease agreement still on the agenda.
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Total News Sources15
Leaning Left5Leaning Right0Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 42%
C 58%
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