The Cincinnati Bengals and Hamilton County agreed to terms on a new lease Thursday that keeps the NFL team at Paycor Stadium through June 2036.

The deal features a $470 million plan to renovate the 25-year-old building and includes 10 additional option years that could extend the agreement to 2046.

“This is a significant day for the Bengals and Hamilton County as we secure the team’s future in Cincinnati,” said Bengals executive vice president Katie Blackburn. “We thank the Hamilton County Commissioners for supporting this agreement to ensure Paycor Stadium remains an excellent venue and a focal point for Cincinnati’s riverfront. We are proud to call Paycor Stadium our home and to keep our future here in Cincinnati, where it belongs.”

Previously known as Paul Brown Stadium, the 66,000-seat facility opened in August 2000 at a cost of $455 million.

The Bengals’ original lease was set to expire at the end of June 2026.

Hamilton County will contribute $350 million toward the renovations, with the Bengals putting up $120 million. Both sides said they are working together to seek additional funding from the state. Specific details of the planned improvements were not provided.

–Field Level Media