Will taxpayers own a 3rd stadium?

Cincinnati Enquirer Analysis

The proposed six-page ordinance and a seven-page memorandum of understanding  outline the city's commitment to pay for roads and other infrastructure for the 21,000-seat stadium. This includes:

  • $8 million from the Downtown/Over-the-Rhine East TIF district.
  • $7.2 million from the sale of the Blue Ash Airport.
  • Up to $1.5 million annually for 30 years from the city-portion of the Hamilton County hotel tax.
  • $2.5 million from the city's capital fund.

The memo of understanding spells out what the city expects from FC Cincinnati. This includes:

  • Privately paying for the stadium on the 13-acre site where Taft IT High School's Stargel Stadium now sits. Financing would be made through the Greater Cincinnati Redevelopment Authority, formerly called the port, which would own the stadium.
  • Paying 25 percent of what it would pay in property taxes on the stadium to Cincinnati Public Schools, an estimated $25 million over 15 years.
  • Entering a 30-year community benefits agreement (CBA) with West End stakeholders.
  • Addressing stadium-related "quality of life" issues in the West End such as noise and light pollution, traffic, litter and safety,
  • Contributing "no less than $100,000 annually to West End community groups."
  • Transfering purchase options on 60 parcels of land in West End to a private developer to be used for affordable housing. 
  • Committing to Cincinnati's economic inclusion goals regarding the hiring of women- and minority-owned businesses in the stadium.
  • Paying prevailing wages on stadium and infrastructure construction.

Amanda Seitz @AmandaSeitz1

Under FC Cincinnati West End legislation council will consider Monday, the @CincyRedevelops will own stadium, soccer club will lease from authority. That means Hamilton County taxpayers will be proud owners of a third sports stadium.

Jeff Capell @JeffCapell

Jeff Capell Retweeted Amanda Seitz

A raw deal for county residents. We're stuck owning another stadium, while the County and City apparently get $0 of property taxes. And paying $50 million of subsidies for the privilege.

A further raw deal - Cincinnati is giving a 50% income tax credit to the team for 15 years. Welfare for billionaires.

Brian Thomas

Brian Thomas

Based in Cincinnati, OH, the Brian Thomas Morning Show covers news and politics, both local and national, from a conservative point of view. Read more


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