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FC Cincinnati will privately fund its own stadium, but wants $75M for infrastructure

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News video: FC Cincinnati will privately fund its own stadium, but wants $75M for infrastructure

FC Cincinnati General Manager Jeff Berding says the club will privately fund its own soccer-specific stadium.

But the deal won't get done without some public dollars: specifically, a $75 million ask for&nbsp;infrastructure at the site.&nbsp;The concept is a 21,000-seat stadium in Oakley&nbsp;-- meeting the minimum bid requirement for Major League Soccer.&nbsp; Berding said funding for the stadium itself will come from owner equity, team debt and direct stadium development revenues.

&quot;In order to get this done, what we're talking about a private investment in the magnitude of $200 million,&quot; he said.

FC Cincinnati wants the county and city to tap into hotel tax revenue -- Hamilton County collects a 6.5 percent tax on all hotel stays; Cincinnati collects 4 percent --&nbsp;for the site infrastructure.

This year, the county and city are expected to collect more than $12 million in hotel tax.

Berding&nbsp;would like the county to commit to using&nbsp;$2.8 million of that cash, every year&nbsp;for the next 30 years, to help fund the project.

That money would help pay for new roads and&nbsp;a 1,000-space parking garage, among other things.&nbsp; &quot;At this point, it is rather unclear if the county shares the vision,&quot; he said.

The tax would not be increased to pay for the project, Berding&nbsp;added..

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