FCC DRAFT 3/10/2018
FOR DISCUSSION PURPOSES ONLY

PROPERTY TAXES
Year

Annual CPS Taxes

2018-2020

(Stadium Construction Period-Occupancy 3/2021)

$100,000

2021-2026

(First Five Years of Stadium Occupancy)

$250,000

2027-2031

(Second Five Years of Stadium Occupancy)

$500,000

2032 +

FCC Net Profit:*
Less than $5 million
$5 million - $7 million
$7.1 million - $10 million
Over $10 million

$500,000
$1,500,000
$2,500,000
$3,600,000

*CPS will have audit rights
CPS AND EDUCATION BENEFITS AGREEMENT
Assuming the FC Cincinnati MLS stadium is built on the site of Stargel Stadium, FC Cincinnati will
enter into a legally binding CPS and Education Benefits Agreement with Cincinnati Public Schools to provide
benefits to Taft High School, Hays-Porter Elementary School, other West End school children and CPS
generally. During the ten year term of this agreement FC Cincinnati estimates those benefits to be valued at
approximately $20 million. This significant commitment by FC Cincinnati is reflective of the amount of
property taxes to be paid in the first ten years following occupancy of the FC Cincinnati stadium. In addition,
FC Cincinnati has established the FC Cincinnati Community Fund as a 501(c)(3) public charity. Following the
expiration of the CPS and Education Benefits Agreement, the FC Cincinnati Community Fund will be situated
to continue providing benefits to students of the Cincinnati Public Schools.
COMMUNITY BENEFITS AGREEMENT
FC Cincinnati is engaging with stakeholders in the West End and the basis of those negotiations will
result in a legally binding Community Benefits Agreement with the City of Cincinnati. West End Community
Council, an Ohio non-profit corporation, will be a third party beneficiary of the Community Benefits
Agreement. As a third party beneficiary the West End Community Council will have the ability to legally
enforce the Community Benefits Agreement. In addition, the Community Benefits Agreement will establish a
Community Advisory Council (CAC) to facilitate ongoing cooperation among the City of Cincinnati, the West
End community, and FC Cincinnati and advise with respect to the implementation and enforcement of the
agreement. CAC members will be representative of the West End community.
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