CINCINNATI STADIUM PROJECT VOTE TO COME TODAY
The Cincinnati City Council is scheduled to vote today on a
$540M stadium project agreement that would create new facilities
for the Reds and Bengals. Hamilton County officials agreed last
week to raise sales taxes 1% to fund the project. An agreement
between the city and county would allow the county to retain
ownership of the facilities while the city would retain some
stadium sales taxes. In addition, the city and county will work
to finance an additional $10M a year for Cincinnati's schools.
Bengals owner Mike Brown set a deadline of 5pm today for local
leaders to come up with a plan. If no agreement is reached,
Brown said he will negotiate exclusively with the MD Stadium
Authority, who has agreed to build a new stadium for any NFL team
near Camden Yards (Jon Morgan, Baltimore SUN, 6/29).