Cincinnati Public Schools board not satisfied with FC Cincy's offer
FC Cincinnati has offered to pay $100,000 in yearly property taxes to Cincinnati Public Schools if it builds a soccer stadium in the West End, increasing the amount every few years until the annual payment would climb to $500,000 in 2031. After 2031, how much the soccer club pays in school property taxes would be tied to FC Cincinnati's profits. That's according to the offer FC Cincinnati made to the school board Saturday, which WCPO obtained a copy of Tuesday evening. The team's offer is still less than what a development of that size would normally pay to the schools. "Being as transparent as we can be about it, it’s not in the best interest of our schools and our district to accept what they currently propose," school board president Carolyn Jones said.
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