Bengals Finalize Lease Extension to Stay at Paycor Stadium Through 2036

Why this matters: This lease solidifies the Bengals' commitment to Cincinnati, ensuring the team's continued presence and economic contributions to the region. The stadium renovations will enhance the fan experience and attract major events to the city.

The new lease agreement between the Cincinnati Bengals and Hamilton County marks a significant milestone for the team and the city. Paycor Stadium, which opened in 2000, will undergo a $470 million renovation project to modernize the facility and keep it competitive with other NFL stadiums. The Bengals will invest $120 million in the project, while Hamilton County will contribute $350 million.

The agreement also addresses previous tensions between the team and the county. Initially, the Bengals sought to extend their 1997 lease, which had been criticized for favoring the team. However, after negotiations, a new lease was agreed upon, ensuring a more equitable arrangement.

This deal ensures that Paycor Stadium remains a premier venue for NFL games and other major events, contributing to the economic vitality of downtown Cincinnati. The Banks, the area surrounding the stadium, generates over $2.5 billion in annual economic impact, with the Bengals driving over $1 billion of that.

The lease keeps the Bengals in Cincinnati through June 2036, with an option for 10 additional years, potentially extending it through June 2046.

The renovation project is estimated to cost $470 million.

The Bengals will invest $120 million in the renovation project.

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