FC Cincinnati, Hamilton County At Odds Over Parking Garage Funding
Hamilton County commissioners and FC Cincinnati "remain at odds over how much money the county should contribute to build a 1,000-space garage" for the club's new stadium, according to Sharon Coolidge of the CINCINNATI ENQUIRER. The county has offered to put $3M cash into the project, then "borrow the rest of the money." If after seven years the garage "isn't self-sustaining, the team would be required to cover the debt payments." The county "voted to build the garage," which is estimated to cost $25M. A team attorney said that FC Cincinnati "should not have [to] incur the risk of covering debt payments because that means the county isn't paying for the garage as it previously promised." The team "countered the county's offer" with a request that the county put down $15M. That is where talks "seemed to have stalled." If the two sides cannot come to an agreement, it would "set up a potential legal fight" and likely would mean the garage may not open when the stadium does in March '21. The club "plans to build the garage on the stadium site, though it hasn't said where" (CINCINNATI ENQUIRER, 10/2).