Rainiers Lock in Long-Term Lease

The Tacoma Rainiers will be staying put at Cheney Stadium for the next 32 years, provided major upgrades are done to the city-owned facility by March 2011.  The city unanimously approved the lease deal this week, and an affirmative vote on a $30 million bond package to cover ballpark improvements is expected next week.  The Rainiers will repay most of the debt over the next 25 years.  Read more here.

Leave a comment

Filed under Lease & Contracts, Money & Financials, Stadium Issues

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s