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FC Cincinnati shuts down West End stadium plans, moving to Oakley or Newport
After Cincinnati's school board dug in its heels over tax payments again Friday, FC Cincinnati announced it would not build a stadium in West End and instead focus on Oakley and Newport.
The decision came after more than a week of tumultuous negotiations.
The soccer club said it was willing to $7.5 million to the schools over ten years, about $6.8 million more than the school is currently receiving on the property.
But in both a letter and a draft resolution, the Cincinnati Public Schools board said current tax abatement rules call for the club to pay more than $20 million.
Read more: https://www.cincinnati.com/story/news/2018/03/16/school-board-reengages-fc-cincinnati-offers-small-concession-stadium-deal/433295002/