Hamilton County leaders are expected to deliver an update Thursday morning on plans to finalize a new Paycor Stadium lease with the Cincinnati Bengals that is tied to hundreds of millions of dollars in renovations. Late last month, the Hamilton County Board of Commissioners announced it reached a deal on the core terms of the deal that will keep the Bengals in Cincinnati for at least another 11 seasons. Under the deal, Paycor Stadium would get a $470 million top-to-bottom overhaul with taxpayers fronting $350 million. “My foremost priority was to ensure a favorable outcome for the citizens of Hamilton County in these negotiations with no tax increase,” said Commission Vice President Stephanie Summerow Dumas in a statement. “This agreement strikes the balance we needed — protecting public dollars while ensuring long-term stability for our riverfront and regional economy.”While the conversation has divided both Cincinnatians and county leaders, Dumas said the deal begins to “right the wrongs of the past” by taking the risk off the county. The agreement will cap the county’s renovation investment at $350 million. The Bengals have committed $120 million and would be responsible for cost overruns. The deal keeps the Bengals at Paycor for 11 more seasons with options totaling 21 years. The agreement would also cap county maintenance costs at $3 million for the first three years and $6 million after that. County leaders say that’s an improvement over the previous lease, which had unlimited liabilities. The Bengals will also pay $1 million a year in rent for the first three years and $2 million after that. County leaders will also hear public comment at the meeting at 10 a.m. at the Todd B. Portune Center for County Government at 138 E. Court St. in Cincinnati.

CINCINNATI —

Hamilton County leaders are expected to deliver an update Thursday morning on plans to finalize a new Paycor Stadium lease with the Cincinnati Bengals that is tied to hundreds of millions of dollars in renovations.

Late last month, the Hamilton County Board of Commissioners announced it reached a deal on the core terms of the deal that will keep the Bengals in Cincinnati for at least another 11 seasons. Under the deal, Paycor Stadium would get a $470 million top-to-bottom overhaul with taxpayers fronting $350 million.

“My foremost priority was to ensure a favorable outcome for the citizens of Hamilton County in these negotiations with no tax increase,” said Commission Vice President Stephanie Summerow Dumas in a statement. “This agreement strikes the balance we needed — protecting public dollars while ensuring long-term stability for our riverfront and regional economy.”

While the conversation has divided both Cincinnatians and county leaders, Dumas said the deal begins to “right the wrongs of the past” by taking the risk off the county.

The agreement will cap the county’s renovation investment at $350 million. The Bengals have committed $120 million and would be responsible for cost overruns. The deal keeps the Bengals at Paycor for 11 more seasons with options totaling 21 years.

The agreement would also cap county maintenance costs at $3 million for the first three years and $6 million after that. County leaders say that’s an improvement over the previous lease, which had unlimited liabilities.

The Bengals will also pay $1 million a year in rent for the first three years and $2 million after that.

County leaders will also hear public comment at the meeting at 10 a.m. at the Todd B. Portune Center for County Government at 138 E. Court St. in Cincinnati.