William F. Yurasko

MLB and DC: We’ve got a deal (again)

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wfyurasko

WTOP reports that MLB and the District have reached a new ballpark lease agreement, pending council passage.

The new deal adds a few new points:

  • The city to use traditional and not private financing for the stadium;
  • The city to split with the team the proceeds of land sold for development;
  • Major League Baseball to lease RFK in 2008 if the new stadium is not completed;
  • MLB to develop a youth baseball facility;
  • MLB to increase the number free tickets given to disadvantaged children.

The council is expected to vote on the lease on Feb. 7. There are five councilmembers already committed to the deal with two more needed for approval.

©MMX William F. Yurasko