The National Football League (NFL) team Cincinnati Bengals and the Hamilton County finalized a new lease that keeps the team in Cincinnati playing home games at their home ground – the Paycor Stadium in Cincinnati, Ohio (US) – through June 2036 with 10 additional option years that could extend the lease through June 2046.
The Cincinnati Bengals are a professional American football team based in Cincinnati, Ohio (US). The Bengals compete in the National Football League (NFL) as a member of the American Football Conference (AFC) North Division. The team plays its home games at the Paycor Stadium in Downtown Cincinnati.
The 65,515-capacity Paycor Stadium, previously known as the Paul Brown Stadium, is an outdoor football stadium in Cincinnati, Ohio (US). It is the home venue of the Cincinnati Bengals of the National Football League (NFL) and opened on August 19th, 2000.
bengals.com’ quoted Katie Blackburn, Bengals Executive Vice-President, as stating, “The Bengals thank the Hamilton County and its Commissioners for demonstrating leadership and taking steps that continue moving Cincinnati forward. This new lease keeps the Paycor Stadium on par with the other communities around the United States and a focal point for Cincinnati’s riverfront. More importantly, it solidifies the future of the Bengals in Cincinnati, our beloved home, for many years to come. The deal embodies a responsible approach for the future while at the same time keeping the Paycor Stadium a great venue that can provide our great fans the great gameday experience they deserve. We love Cincinnati and are proud to call this town home. The Bengals sincerely thank the community and we look forward to successful and exciting football seasons ahead.”
‘bengals.com’ further stated that the new lease supports a responsible approach to modernize the 25-year-old stadium at a time where the other communities are faced with multibillion-dollar new stadium projects. The $470 million renovation project will maintain a best-in-class NFL stadium that attracts major concerts and events to Cincinnati. The Bengals will invest $120 million in the renovation project covering 75 percent of new improvements to the stadium. The team and the Hamilton County will continue to work collaboratively to secure meaningful funding from the State of Ohio to further support the renovation efforts.
The Paycor Stadium opened in 2000 when the Bengals and the Hamilton County came together with a goal of transforming Cincinnati’s riverfront into a world-class sports and entertainment district. The Banks generates over $2.5 billion in annual economic impact with the Bengals driving over $1 billion in annual economic impact. Under this new deal, the Bengals and the Hamilton County are poised to continue transforming the riverfront, driving economic growth and delivering unforgettable moments for the fans for years to come in downtown Cincinnati.
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