Cincinnati – A new stadium lease for the Bengals of Cincinnati has not yet reached the goal area.
Hamilton County Commissioners approved the 11 -year -old lease on Thursday, which includes $ 470 million in renovations at the Paycor stadium.
However, the Bengals did not sign because they did not see the final version.
“The version of the lease approved by Hamilton County Commissioners was not shared with the Bengals before the vote. The team will have no comments until we could not review the document,” the Bengals said in a statement after the commissioners voted 2-1 to approve the lease.
The commissioners will hold a special meeting on Friday with the rental agreement on the agenda. The current lease of Bengals at Paycer expires at the end of the 2025 season.
The lease would keep the team in their downtown home until at least 2036. It also includes 10 years of additional options which could extend it until June 2046.
The county will contribute $ 350 million to renovations and Bengals will pay $ 120 million. The plan is much lower than $ 830 million that Bengals originally offered.
“The county said that what we are asking was in the generality of what other offers from the NFL teams are in the markets of our size, and in situations approaching ours,” said the owner of Bengals, Mike Brown. It is a nice stadium, but what must be done so that we want too much. Difficult of the way we go all these years. “”
Bengals have proposed improvements to club salons, stadium suites, concessions and dashboards.
Funds do not include state money. Cleveland Browns receive $ 600 million in the budget recently signed by Governor Mike Dewine.
The Browns plan to build a new dome -shaped stadium in Brookpark, Ohio, near Cleveland Hopkins International Airport.
Bengals have called Player Stadium Home since 2000. He was initially appointed Paul Brown Stadium until the team sends denomination rights in August 2022.
The information from the Associated Press was used in this story.
