SEATTLE — The Seattle Mariners and Washington State Major League Baseball Stadium Public Facilities District Board have reached a final agreement on a new 25-year ballpark lease for the ballpark formerly known as Safeco Field.
The board on Monday unanimously approved the lease during their quarterly meeting.
The lease and companion non-relocation agreement ensures that the team will remain in the city for the next 25 years with options for two three-year extensions.
The lease says the Mariners are responsible for "performing all the maintenance, operations, and capital improvements and upgrades at the publicly-owned ballpark." The Mariners will pay all costs beyond the fixed contributions made by the facilities board and King County.
The Mariners are expected to announce a stadium naming rights deal in the next few weeks.
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Safeco Field lease and public funds
Safeco Field lease and public funds