MLB and DC: We’ve got a deal (again)

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.

1 Comment so far

  1. Don (unregistered) on January 27th, 2006 @ 4:16 pm

    Nice work if you can get it. “It does say parcels at the south end of the stadium site can be sold to developers. The proceeds would be split between the team and the District with the city receiving 57.5 percent of proceeds and the Nationals receiving 42.5 percent.” Think Nationals ownership/MLB will have ponied up 42.5% of the PURCHASE costs of that land?

    Yet more corporate welfare at its finest.

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