The Cincinnati Bengals will proceed to play their dwelling video games at Paycor Stadium for not less than one other decade and doubtlessly by way of the 2045 season. Per ESPN’s Adam Schefter, the franchise finalized with Hamilton County a new lease that retains them on the town on an 11-year extension by way of June 2036. The settlement comes with an possibility to increase by way of June 2046.
The brand new lease finalizes a course of that has been ongoing all through the offseason. The Bengals agreed with native officers in June to a $470 million renovation of Paycor Stadium together with the lease extension, however the latter required formal approval from county commissioners.
Paycor Stadium, which has been dwelling to the Bengals because it opened in 2000, will bear upgrades as a part of the venture. It carries a smaller price ticket than the preliminary $830 million the Bengals proposed, and the county will foot the vast majority of the invoice to the tune of $350 million. The workforce, with help from the NFL’s G-5 mortgage program, will contribute $120 million to the renovations. Stadium upgrades embrace enhancements to the membership lounges, stadium suites, concessions and scoreboards.
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Hamilton County commissioners approved the lease Thursday, however the Bengals had not but agreed to the phrases. Friday’s finalization is the final step and comes after the county’s 2-1 approval vote.
“The county has stated that what we’re asking for is within the generality of what different NFL teams offers are in markets our dimension, and in conditions approaching ours,” Bengals proprietor Mike Brown stated on July 21, by way of the AP. “We predict the stadium suits our wants, suits the neighborhood for dimension. It is a good stadium, it truly is. It must be maintained. We would like that to be the case shifting ahead, however what we’re doing is asking to go ahead in a manner not too dissimilar from how now we have been going all these years.”
With one NFL workforce from the state of Ohio locking up its long-term dwelling, all eyes now flip to the Cleveland Browns, who intention to depart their downtown venue to construct an enclosed stadium within the suburbs. The state intends to make use of $600 million in unclaimed funds to assist assemble the stadium, however that plan acquired ample pushback and is the source of a lawsuit that claims it’s “unconstitutional and illegal.”
The Browns’ lease with Cleveland expires on the finish of the 2028 season, and metropolis leaders have been clear about their need to maintain the workforce at its lakefront dwelling quite than to bid farewell in a transfer to Brook Park.