I don't think there is a better answer to the situation currently called the "Cincinnati Bengals".
After reading how much a bind Hamilton County is with the lease and its current budget shortfall, I think this is the best option for the people of Cincinnati. Selling public land, public hospitals, and potentially taking money away from necessary things like infrastructure and education to focus on the Bengals is a disservice to the people of Cincinnati. I don't think the county can afford the Bengals cost, honestly. Taxing the citizens more and more for such a horrible product is not the solution.
Besides, do you know how much the county would gain with whichever owner buys out the rest of the lease? The county could easily take care of its debt shortfall and give back to its citizens. It could invest in a world class infrastructure and lower business taxes to attract investors, businesses, and JOBS! Think of an "IT, energy, healthcare" corridor built right in Cincinnati.
This would be the smartest decision for the people of Cincinnati. As far as a sports team. Cheering for the Bengals is worse than not cheering for an NFL team. The Bengals are not an NFL team. They are too cheap to be considered NFL. Getting rid of the Bengals gets rid of a headache for the people of Cincinnati.
As far as the Bengals themselves. Wherever they move to will undoubtedly demand more of the Bengals than they currently do. Their new location will build them a brand new stadium and everything else and will expect and demand the Bengals match their effort with their own effort and committment to winning. In short - Mike Brown would either have to step down or change how he handles a sports franchise drastically. Only Cincinnatians (sp?) are willing to pay and put up with him. This wouldn't fly in any other city because Mike Brown has every citizen of Cincinnati by the balls. Don't like the commitment to winning? Too bad. Food is bad at the stadium? Too bad. Entertainment is non-existent? Too bad. Songs suck? Too bad. Want an indoor practice field? Too bad? Want an extra scout? Too bad. This kinda stuff wouldn't fly in any other city because Cincy is such a small market.
I honestly think a divorce of the Bengals from Cincy is the best for all 3 sides. For the people of Cincinnati. For the fans of the team. And for the Bengals front office as well.