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FC Cincinnati Makes "Final Offer" For West End Stadium Site

An artist rendering of a proposed soccer stadium.
An artist rendering of a proposed soccer stadium.

FC Cincinnati says it's doubling its offer to Cincinnati Public Schools in a proposed land swap to build a new soccer stadium.

The team says it faces a 5 o'clock deadline on an option to buy properties from the . Under the deal, that land would go to , and the current Stargel Stadium would be the site of a new home for . The new offer from the club promises $750,000 a year to the district for the first 10 years. It also says expanded academic, athletic, internship, and employment opportunities would be provided informally, as opposed to the earlier education benefits agreement. The promise to build a new $10 million Stargel Stadium still stands.

CPS General Counsel Daniel Hoying wrote Monday evening that the original offer from FC Cincinnati didn't make the school district "whole." He said based on the projected value of a new stadium, CPS should receive $2 million a year.

In a letter dated March 14, club attorney D. Brock Denton said the league's latest offer "far exceeds the status quo." Denton says that means CPS would receive $70,000 a year in property taxes, and a "tax-abated, high-end CitiRama development" on the land at Ezzard Charles Drive.

Another statement from the team says, "This proposal provides CPS more tax revenue than a stadium site in Oakley or in Newport, KY – which would be zero."

A spokeswoman for CPS says board members are reviewing the proposal and have no comment just yet. The board has called a special session for 1:30 p.m. this afternoon.

Hear from FC President Jeff Berding today on Cincinnati Edition, beginning at 1:00 p.m.3.14 KMK Letter to CPS by WVXU News on Scribd

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