CINCINNATI — The Bengals agreed to a new lease with Hamilton County on Thursday that will keep them at Paycor Stadium until at least 2036. Bengals ownership sent a letter to the entire fan base via email following the agreement.

The Cincinnati Bengals ’ new lease agreement with Hamilton County seemed to come together quickly and, by most accounts, is pretty fair. The deal, which runs through at least 2036, features some headline items like $470 million in renovation budget for Paycor Stadium, featuring a $350 million-$120 million split for county and team, respectively.

There's a plan for a new lease agreement to replace the current lease for Paycor Stadium, which has been criticized as one of the worst stadium deals in the country for local taxpayers. Hamilton County commissioners approved new lease terms on June 26, days before the June 30 deadline the Bengals had to extend the current lease.