The Mariners announced Wednesday night that the Washington State Major League Baseball Stadium Public Facilities District Board approved the terms of a new 25-year lease for the team to remain at Safeco Field. There are also a pair of three-year options on the lease that could extend the Mariners’ stay in the park all the way through 2049.
“We want this ballpark to be our home for the next 100 years,” said Mariners chairman John Stanton in a statement. “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 sincerely appreciate our partnership with the PFD, who share our vision to ensure that our fans will continue to enjoy Major League Baseball in a state-of-the-art facility for decades to come.”
Full specifics of the deal are available in the team’s announcement above, but the Mariners will be contributing roughly $650MM to the PFD over the life of the lease, which will go toward rent, maintenance, improvements and a neighborhood improvement fund, among other expenditures.
The agreement for the Mariners comes at a time when many organizations are gravitating toward new (and often unnecessary) playing facilities. The Braves recently moved into SunTrust Park after just 20 seasons at Turner Field, while the Rangers are prepping to move into a new facility in 2020 despite the fact that Globe Life Park (formerly Ameriquest Field and the Ballpark in Arlington) opened in 1994. The D-backs, too, are in the nascent stages of moving into a new stadium after Maricopa County recently agreed to let the team begin searching for locations for a new facility.