GREEN BAY, Wis. (WFRV) - The Mayor of Green Bay released a joint statement on Friday regarding the Lambeau Field lease discussions between the City and the Packers organization. Mayor Eric Genrich stated that he looks forward to engaging in a good faith negotiation directly with the Packers. House of Honor’s Salute to Service Party set for Sunday at Stadium View We’re pleased the Packers have heard some of the City’s concerns and are making significant commitments about their continued term and investment in Lambeau – it’s a positive step. That said, this issue is too critical to the City’s future to debate in the media, and we look forward to engaging in a good faith negotiation directly with the team. Mayor Eric Genrich, Council President Brian Johnson, and Council Vice President Bill Galvin On Wednesday, the Packers presented a new offer for a Lambeau Field lease extension shortly after Green Bay city alders addressed the contentious issue during a press conference on city deck earlier that afternoon. Packers, Sargento team up for Touchdowns for Hunger Day of action Highlights of the new offer according to the Packers would include: The Packers will invest $1.5 billion into Lambeau Field. Taxpayers will have no obligation in that investment. The extended lease includes the current rent escalator, as the City requested, and extends 30 years. All other terms of the current lease will remain the same, as it has worked well since its inception in 2001. More information about the lease discussions can be read here.