Fayetteville a step closer t0 MiLB ballpark

The city council of the city of Fayetteville has unanimously agreed on a memorandum of understanding with the Houston Astros, continuing the city’s and the MLB team’s discussion about a new ballpark to support an Advanced A Carolina League team and outlining a basic framework as they move towards a more permanent agreement.

In the agreement is written that the stadium will be ready by 2019 and that the lease term will be 30 years. The Astros will pay the City of Fayetteville yearly rent for the stadium beginning in the amount of $250,000 which will increase after every fifth year for a total sum of more than $9 million.

Fayetteville2

More here

Posted on August 18, 2016, in Minor League Baseball, MLB Reports and tagged , , , , , . Bookmark the permalink. Leave a comment.

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