Mike Brown

The Bengals and Hamilton County have agreed to principal terms on a new lease, keeping the team at Paycor Stadium through June 2036.

The agreement comes just four days ahead of the June 30 deadline, with the two sides settling on a $470 million renovation project aimed at maintaining a “best-in-class NFL stadium that attracts major concerts and events to Cincinnati.” Per the Bengals’ website, the team agrees to invest $120 million in the renovation project, covering 75 percent of new improvements to the stadium. The deal includes 10 additional option years that could extend the lease through June 2046, though it is unclear whether it can be extended on a year-to-year basis.