CINCINNATI — The Cincinnati Bengals and Hamilton County are asking the state for an investment of $350 million to “sustain and enhance Paycor Stadium,” according to the Paycor Stadium Comprehensive Renovation Plan.
The plan touts the Bengals’ and county’s efforts to maintain the stadium over the years. They said in the last six years, the team and county have invested more than $240 million into the stadium.
“Because Hamilton County and the Team took care of the Stadium and protected the taxpayer’s investment, constructing a new NFL stadium is not necessary,” the plan reads.
They say the projected cost is around $830 million. In contrast, they say a new NFL stadium can cost more than $2.4 billion.
They also highlight the benefits the Bengals bring to the local economy. According to the comprehensive plan, they bring more than $1 billion in annual economic impact and are responsible for 7,500 jobs and $650 million in yearly earnings.
“Contemporaneous with the comprehensive renovation of Paycor Stadium, the County and City intend to spur $500 million in additional development directly adjacent to Paycor Stadium,” the plan reads.
Here are some of the improvements they wish to make at the stadium, according to the comprehensive plan:
- Stadium-wide vertical transportation improvements
- Maintain and upgrade stadium infrastructure
- Replace and enhance the canopy and roofing systems
- North End Zone transformation
- Club and suite renovations
- Create additional field level club, suites and seats
- Stadium concourse and plaza improvements
- Enhance fan entry and gate security technology modernize stadium A/V
They also identified various areas that need repair and/or modernization, ranging from concessions to technology to fire protection.
“Paycor Stadium has been in operation for twenty-five years. Hamilton County and the Team completed a Facility Condition Assessment (FCA) and Master Plan of the 1.5 million square foot Stadium Complex that sets forth necessary Capital Repairs to ensure the sustainability of Paycor Stadium for future decades,” the plan reads.