The Cincinnati Bengals and Hamilton County could be taking another step toward major renovations to Paycor Stadium.Details of a $184 million commitment were presented during a Hamilton Co. Board of Commissioners staff meeting on Tuesday.The county said the goal of the project is to keep Paycor Stadium "sustainable and competitive," to "improve year-round public use," and to "enhance economic impact and improve accessibility and safety."It's all part of an $830 million renovation project the county and team is working to make happen, pending available funding. Part of that $830 million price tag is a $350 million request that has been sent to the State of Ohio, with the intention of keeping funding sources and timing issues flexible.If commissioners give the green light to a memorandum of understanding (MOU) that was presented Tuesday, the two parties will continue negotiations while working to secure additional improvement dollars in advance of Phase 1 of the renovation, which would start in 2025 and last into 2026.The team and county still need to come to a comprehensive lease agreement by June 30, 2025. The Bengals also have the option of extending the team's current Paycor Stadium lease for two years, allowing negotiations on a long-term deal to continue. The team's current, 30-year lease 바카라 게임 웹사이트 which plenty of Hamilton Co. taxpayers have criticized as being too 'team-friendly' 바카라 게임 웹사이트 expires in the summer of 2026.Commission President Denise Driehaus said the Bengals and the NFL are willing to put up approximately $60 million each per the MOU, calling it an "unprecedented commitment.""Remember, it바카라 게임 웹사이트s a county asset, right. They are helping pay for improvements to our asset," Driehaus said after Tuesday's meeting. "We should be cheering. I mean, that is a new look, right. The NFL has never paid for anything in that stadium. This is a new look. And it's good. It's good for the taxpayers. It's good for the asset."The county said Phase 1 projects funded by the Bengals would include upgrades to the East and West lounges, all 132 suites, concessions, and stadium beautification (plazas, entryways, concourses).Driehaus said the MOU calls for the county to add $65 million - using the existing sales tax - to maximize "the impact of this next wave of renovations to the stadium on behalf of the taxpayers."County-funded projects would include upgrading escalators and elevators, electrical power/code upgrades, suite seat replacements, glass refurbishment and improvements to the stadium's Junglevision control room.A specific start date for the improvement projects was not provided.Driehaus called the MOU a "fresh, forward-looking approach" to negotiating a new lease."Advancing a Memorandum of Understanding is a good faith effort on both sides to keep momentum at the negotiating table," Driehaus said. "We are sending a clear message to the State that the County is working collaboratively to secure a long-term comprehensive agreement with the team."Commissioners have yet to vote on the plan presented. The vote was pushed until next Tuesday.Commissioner Alicia Reece said she's not sure how she'll vote on the MOU. Reece said her main goal is to get a long-term lease deal done with the Bengals that's good for both the team and county taxpayers."My clients are the Hamilton County taxpayers," Reece said. "That's why there's so many questions. That's why we're being so meticulous. Because this is something that goes around for years and years."Discussions between the county and Bengals have been up and down as the two have been barreling toward the June deadline to renew the team's stay along the Ohio River.Last September, design proposals were unveiled as to what major renovations could do to the 24-year-old stadium. The presented proposal had a ballpark price tag of $1.25 billion. Based on the new MOU, both sides have agreed to lessen that amount to $830 million. In January, 바카라게임 obtained documents between Troy Blackburn, Bengals vice president, and Hamilton County administrator Jeff Aluotto that showed the stress of negotiations showing up in the communication between the county and the team.Not long after 바카라게임's story published, the two sides returned to the table.
CINCINNATI — The Cincinnati Bengals and Hamilton County could be taking another step toward major renovations to Paycor Stadium.
Details of a $184 million commitment were presented during a Hamilton Co. Board of Commissioners staff meeting on Tuesday.
The to "improve year-round public use," and to "enhance economic impact and improve accessibility and safety."
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It's all part of an $830 million renovation project the county and team is working to make happen, pending available funding. Part of that $830 million price tag is a $350 million request that has been sent to the State of Ohio, with the intention of keeping funding sources and timing issues flexible.
If commissioners give the green light to a memorandum of understanding (MOU) that was presented Tuesday, the two parties will continue negotiations while working to secure additional improvement dollars in advance of Phase 1 of the renovation, which would start in 2025 and last into 2026.
The team and county still need to come to a comprehensive lease agreement by June 30, 2025. The Bengals also have the option of extending the team's current Paycor Stadium lease for two years, allowing negotiations on a long-term deal to continue.
The team's current, 30-year lease 바카라 게임 웹사이트 which plenty of Hamilton Co. taxpayers have criticized as being too 'team-friendly' 바카라 게임 웹사이트 expires in the summer of 2026.
Commission President Denise Driehaus said the Bengals and the NFL are willing to put up approximately $60 million each per the MOU, calling it an "unprecedented commitment."
"Remember, it바카라 게임 웹사이트s a county asset, right. They are helping pay for improvements to our asset," Driehaus said after Tuesday's meeting. "We should be cheering. I mean, that is a new look, right. The NFL has never paid for anything in that stadium. This is a new look. And it's good. It's good for the taxpayers. It's good for the asset."
The county said Phase 1 projects funded by the Bengals would include upgrades to the East and West lounges, all 132 suites, concessions, and stadium beautification (plazas, entryways, concourses).
Driehaus said the MOU calls for the county to add $65 million - using the existing sales tax - to maximize "the impact of this next wave of renovations to the stadium on behalf of the taxpayers."
County-funded projects would include upgrading escalators and elevators, electrical power/code upgrades, suite seat replacements, glass refurbishment and improvements to the stadium's Junglevision control room.
A specific start date for the improvement projects was not provided.
Driehaus called the MOU a "fresh, forward-looking approach" to negotiating a new lease.
"Advancing a Memorandum of Understanding is a good faith effort on both sides to keep momentum at the negotiating table," Driehaus said. "We are sending a clear message to the State that the County is working collaboratively to secure a long-term comprehensive agreement with the team."
Commissioners have yet to vote on the plan presented. The vote was pushed until next Tuesday.
Commissioner Alicia Reece said she's not sure how she'll vote on the MOU. Reece said her main goal is to get a long-term lease deal done with the Bengals that's good for both the team and county taxpayers.
"My clients are the Hamilton County taxpayers," Reece said. "That's why there's so many questions. That's why we're being so meticulous. Because this is something that goes around for years and years."
Discussions between the county and Bengals have been up and down as the two have been barreling toward the June deadline to renew the team's stay along the Ohio River.
Last September, design proposals were unveiled as to what major renovations could do to the 24-year-old stadium. The presented proposal had a ballpark price tag of $1.25 billion. Based on the new MOU, both sides have agreed to lessen that amount to $830 million.
In January, 바카라게임 obtained documents between Troy Blackburn, Bengals vice president, and Hamilton County administrator Jeff Aluotto that showed the stress of negotiations showing up in the communication between the county and the team.
Not long after 바카라게임's story published, the two sides returned to the table.