GREEN BAY, WI (WTAQ-WRN) — The Green Bay Packers agree to offer the city of Green Bay the money it wants in an extended lease for Lambeau Field.
That move came after all 12 city council members on Wednesday voiced their support for Mayor Erich Genrich in negotiations with the team.
“The mayor is absolutely not being an obstructionist,” said Council President Brian Johnson. “He is sticking up for what’s right for taxpayers and asking for things that are completely appropriate in a lease agreement, given their presence in lease agreements all across the country.”
Following the press conference, the Packers offered rent with an annual escalator of 2.75% for 30 years, starting at about $1 million.
In return, other provisions of the lease would remain in place, including the continued existence of the Stadium District.
The team said it would invest $1.5 billion in the stadium, and taxpayers would not be obligated to pay for that.
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