CLEVELAND — Major League Baseball will remain in Cleveland through 2036 with new renovations coming to the city’s ballpark. On Thursday, the Cleveland Indians and local officials announced a private-public partnership to upgrade Progressive Field and extend the stadium’s lease through 2036 with an option to extend the lease through an additional 10 years through 2046.
The Indians’ lease at Progressive Field was previously set to expire following the 2023 season.
According to Cuyahoga County Executive Armond Budish, the agreement is worth $435 million over the course of 15 years and is subject to the approval of the Cuyahoga City Council. Budish said that the agreement will not see an increase in taxes for Cuyahoga County residents and that either renovations or a new ballpark were necessary in order for Cleveland to keep its Major League Baseball team.
According to a release, the City and County collectively will contribute $17 million annually, and the State will contribute $2 million annually as a part of the public-private partnership. Meanwhile, the Indians organization will contribute $10 million annually, $4.5 million of which will go toward stadium upgrades.
“Our organization is proud to continue our long-term commitment to Cleveland by ensuring we keep our ballpark competitive,” Indians owner Paul Dolan said in a statement. “We want to give our fans, our community, and our players the best ballpark experience possible. We are excited and appreciate the collaborative effort displayed by leadership from the county, city, and state to help make this first step possible and look forward to the next stages in the legislative process to finalize the agreement.”