An I-Team analysis of contracts between FC Cincinnati and its various public partners shows the Major league soccer club’s real estate projects could cost taxpayers more than $200 million in.
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FC Cincinnati owners have signed an option to buy a site in Oakley to build a soccer stadium, filling one of the key remaining criteria needed to win a Major League Soccer expansion franchise.
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FC Barcelona’s record attendance was set on 5 March 1986 in the European Cup quarter-final against Juventus in front of 120,000 spectators, just 1,401 shy of the stadium’s capacity. Camp Nou was one of several stadiums used throughout the 1982 World Cup, hosting the inauguration ceremony on 13 June.
The stadium will cost $212.5 million to construct, with the majority of funding coming from FC Cincinnati and its ownership group. The club will also fund $6.2 million in West End improvements and $10 million for a new high school football stadium, in addition to $25 million to Cincinnati Public Schools as part of the land use agreement.
FC Cincinnati will pay up to $100,000 for a housing study in West End. residents expressed concerns that the stadium will raise property taxes and rents in the neighborhood.
The visit to the Santiago Bernabu is free and includes panoramic view of the stadium, "Best Club in History" room, "Sensations" room, photomontages, pitch side, presidential box, changing rooms.
And FC Cincinnati’s ownership is planning to pay for a $200 million stadium, for a total project cost of $252 million — about what the club initially planned.
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