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Bengals, County discuss plans to commit $184M toward Paycor Stadium renovations

Bengals, County discuss plans to commit $184M toward Paycor Stadium renovations
ALL RIGHT. DAISY, THANKS SO MUCH. ALSO TONIGHT, THE BENGALS IN HAMILTON COUNTY ARE TACKLING RENOVATION PROJECTS AT PAYCOR STADIUM. TOGETHER NOW AND HOPING NOT TO MAKE TAXPAYERS CARRY THE BALL ALONE, IF YOU WILL. TEAM EFFORT HERE. AND TONIGHT, A NEW APPROACH IS HOPING TO MAKE THE STADIUM A LITTLE MORE FAN FRIENDLY. 바카라게임 NEWS FIVE바카라 게임 웹사이트S TODD TODD -- NOW LIVE AT THE HOME WITH THE BENGALS PAYCOR STADIUM WITH THE DEVELOPMENTS. HI, TODD. HI, MIKE. AND YOU KNOW, IT바카라 게임 웹사이트S NOT A DONE DEAL YET, BUT THERE IS A WORKING AGREEMENT THAT HAMILTON COUNTY COMMISSIONERS ARE EXPECTED TO VOTE ON NEXT WEEK. THAT WOULD SEE PAYCOR STADIUM GET $185 MILLION WORTH OF IMPROVEMENTS PAID FOR IN PART BY THE BENGALS AND THE NFL. BENGALS FANS WILL START SEEING BETTER CONCESSION STANDS, CLUB LOUNGES, SUITES AND ESCALATORS BY THE END OF NEXT YEAR. IF COUNTY COMMISSIONERS SIGN OFF ON A NEW MEMORANDUM OF UNDERSTANDING WITH A MEMORANDUM, DOES IS ALLOW THE BENGALS AND THE NFL TO MAKE IMPROVEMENTS ON THE COUNTY바카라 게임 웹사이트S ASSET. AND SO I AM OBVIOUSLY IN FAVOR OF THAT. THE MOU CALLS FOR THE TEAM, THE LEAGUE AND THE COUNTY USING THE EXISTING SALES TAX TO CHIP IN ABOUT $60 MILLION EACH. IT바카라 게임 웹사이트S IMPORTANT WORK THAT WE WOULD HAVE NEEDED TO DO ANYWAY. AND SO WE ARE NOW LEVERAGING NFL DOLLARS FOR THE FIRST TIME EVER AND QUITE A BIT OF. TEAM INVESTMENT TO THE $185 MILLION WORTH OF IMPROVEMENTS OUTLINED IN THE MOU WOULD BE PART OF AN OVERALL PAY CORPS RENOVATION PROJECT THAT COULD COST $830 MILLION. WHEN ALL IS SAID AND DONE. THAT PRICE TAG COULD FALL IF A REQUEST BY COUNTY LEADERS AND BENGALS OFFICIALS TO GET AN ALLOCATION OF $350 MILLION IN OHIO바카라 게임 웹사이트S NEXT TWO YEAR BUDGET FALLS FLAT FOR ALMOST THREE DECADES NOW, AN ATTORNEY FOR THE BOARD OF COMMISSIONERS SAYS THE MOU IS COLLABORATIVE. SPIRIT WOULD SEND A STRONG SIGNAL TO LAWMAKERS IN COLUMBUS. THAT바카라 게임 웹사이트S A GREAT MESSAGE TO SEND TO THE LEGISLATURE TO SAY WE ARE MOVING FORWARD. WE바카라 게임 웹사이트RE ALIGNED. THEY바카라 게임 웹사이트VE GOT ENOUGH MONEY. COMMISSIONER ALICIA REECE SAYS SHE바카라 게임 웹사이트S NOT SURE HOW SHE바카라 게임 웹사이트LL VOTE ON THE MOU, EMPHASIZING HER MAIN GOAL IS TO GET A LONG TERM LEASE DONE WITH THE BENGALS. THAT바카라 게임 웹사이트S GOOD FOR BOTH THE TEAM AND COUNTY TAXPAYERS. MY CLIENTS ARE THE HAMILTON COUNTY TAXPAYERS, AND THAT바카라 게임 웹사이트S WHY IT바카라 게임 웹사이트S SO MANY QUESTIONS. THAT바카라 게임 웹사이트S WHY WE바카라 게임 웹사이트RE BEING SO METICULOUS, BECAUSE THIS IS SOMETHING THAT GOES AROUND FOR YEARS AND YEARS. THE COMMISSIONERS PLAN TO VOTE ON THE MEMORANDUM OF UNDERSTANDING DURING A MEETING NEXT TUESDAY. WE바카라 게임 웹사이트LL OF COURSE, HAVE THAT COVERED FOR YOU. IN THE MEANTIME, EFFORTS TO GET THE STATE TO HELP OUT WITH PAYCOR IMPROVEMENTS WILL CONTINUE FOR NOW. REPORTING LIVE OUTSIDE PAYCOR STADIUM, TOD
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Bengals, County discuss plans to commit $184M toward Paycor Stadium renovations
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.

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.

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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.