Hamilton County approves term‑sheet framework to negotiate a new lease with the Cincinnati Bengals

Hamilton County commissioners on June 26 approved a resolution authorizing staff to negotiate a new lease framework with the Cincinnati Bengals and the club’s representatives. The action authorizes a letter‑of‑intent (LOI) and further negotiation toward a definitive lease; it does not itself create a final, binding stadium lease.

Key terms described by staff and outside advisers: county staff and outside advisers presented the principal financial and operational terms of a proposed new agreement. The administration said the framework would cap the county’s capital contribution to $350,000,000, with the Bengals committing $120,000,000 (expected to include NFL G5 program financing). The project cost was described as roughly $470,000,000 to be completed over about two to three years.

Payments and timing: county annual capital contributions would be $3,000,000 per year for the first three years and rise to $6,000,000 per year…