Reds agree to pay ballpark rent

Updated: December 2, 2010, 4:29 PM ET
Associated Press

CINCINNATI -- The Cincinnati Reds and Bengals will pay rent at their sports stadiums for the first time in a deal that will trim back a tax cut for property owners but is intended to pull the stadium fund out of the red.

Hamilton County officials said Thursday that commissioners committed to a plan intended to erase projected deficits for the next two years in the fund that pays for the stadiums. The county had projected a $16 million deficit for 2011 prior to the deal. That deficit was ...

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