Roughriders set to sign 15-year lease to stay in Cedar Rapids

CEDAR RAPIDS, Iowa (KCRG-TV9) - The Roughriders appear poised to stay in Cedar Rapids for the next 15 years or more.

The Cedar Rapids city council is set to discuss a new lease to keep the team at the Cedar Rapids Ice Arena through 2032. The current lease expires at the end of this season. There is also an option to extend the lease an additional 20 years (35 years total) if the Roughriders invest $1 million in upgrades to the Ice Arena facilities.

The city is also required to add a concession stand, party decks and replace seating in the arena as part of the lease. Cedar Rapids will also be able to sell naming rights for the arena to a sponsor.

Plans for a new Coralville Ice Arena spurred rumors the Roughriders might look to relocate there when its current lease ended. Coralville's proposal for the arena mentioned plans to house an unnamed hockey team.

Cedar Rapids taxpayers subsidize Ice Arena operations, mostly out of the Hotel/Motel tax. In FY2017, it spent $123,000 to cover Ice Arena losses, about the same as the previous year.

Editor's Note: An original version noted the lease was for 20 years. It has been clarified to reflect a 15 year lease with an option to add 20 more years.