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By Seattle Mariners

The Washington State Major League Baseball Stadium Public Accessories District (PFD) this afternoon accustomed acceding for a new 25 year charter for the Seattle Mariners at Safeco Field. The agreement, which was adjourned amid the PFD and Mariners, additionally includes accoutrement for two three-year options that would extend the charter appellation through the year 2049.

“We appetite this ballpark to be our home for the aing 100 years. Safeco Field should be to Seattle and to the Mariners what Wrigley Field is to Chicago and the Cubs and Fenway Park is to Boston and the Red Sox. We aboveboard accede our affiliation with the PFD, who allotment our eyes to ensure that our admirers will abide to adore Major League Baseball in a advanced ability for decades to come,” said Seattle Mariners Chairman and Managing Partner John Stanton.

The new charter will booty aftereffect in 2019. The aboriginal ballpark 20-year charter expires at the end of 2018.

The charter acceding includes a abiding plan for basal advance in the publicly-owned ability to ensure that it is kept in basal condition, and it specifies allotment sources and obligations for approaching basal investments.

The PFD and Mariners commissioned a abstraction by Populous, the all-around architectural close that specializes in architecture of sports facilities, arenas and assemblage centers, which articular $385 actor in basal improvements to basal ballpark basement that will be all-important over the aing 25-years. The PFD and Mariners accede that in adjustment to accumulate the ballpark in basal condition, an added $160 actor will be appropriate for upgrades above the basal basement improvements. These costs are in accession to accepted operation and aliment requirements of the ballpark, which are the albatross of the Mariners.

The charter requires the Mariners to accommodated an “Applicable Standard” of operating, advancement and convalescent Safeco Field in a basal address abstinent adjoin the top one-third of commensurable MLB ballparks. Since 1999, Safeco Field has maintained that aerial accepted in approved surveys conducted by the PFD.

Lease Terms

Under acceding of the new agreement, over the activity of the lease, the Mariners will accord some $650 actor dollars to the PFD and the ballpark in the anatomy of:

Over the activity of the lease, 80% of the costs of basal expenditures, operations and aliment will be paid by the Mariners through absolute contributions to the PFD and taxes generated by ballpark events.

Stanton added, “This is a abundant day for baseball admirers in the Northwest. Safeco Field has been the armpit of so abounding appropriate moments and we attending advanced to abounding added to come.”

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