Bengals v. Hamilton County - Square Off

[Luvnit2]

(Yesterday, 02:32 PM)pally Wrote: so according to the Hamilton County Commisioners meeting...these were the proposals as of April

-The Bengals want a 5 year lease for $1 million per year rent; The county wants the lease to be for 15 years with a 5 year option at the same $1 million
-The one-page Bengals term sheet calls for the county to spend $308 million over the next two years on maintenance and upgrades, and then the county would put another $300 million in the stadium starting in 2028.  That would be short of $830 mm total two sides say needed; The county wants to pay $260 million, with the state of Ohio kicking in $350 million, and the team would pay $120 million through a loan from the NFL.
-Bengals also asking for city of Cincinnati to offer up half of all tax revenue (earnings and admissions tax primarily) from Paycor to cover operations and maintenance
-County also wants more say into booking non-football events at Paycor with third-party booking agent, as well as more access to stadium for other events.
-Also asking to include non-relocation clause in new lease - current lease has that as well. Would also start long-term study on if/when to build a new stadium.

It is interesting. Bengals are in more of a time crunch to make a decision. I don't see Bengals agreeing to 15 year lease with a clause they can't relocate. That is a very import lever the team would be giving up.