WASHINGTON, March 6 (UPI) -- Major League Baseball has signed a lease for a new baseball stadium for the Washington Nationals.
The announcement was made by both parties late Sunday.
The Washington Post reported the deal is for a $611 million ballpark. The 30-year lease agreement means the city can begin construction and the sale of the team can move forward.
"We have worked very hard to accommodate the requests from the Mayor and the Council that changed the terms of the agreement that brought the Montreal Expos to Washington," said Bob DuPuy, baseball's president and chief operating officer. "Because we believe in the future of Baseball in the nation's capital, we have signed a lease that honors the 2004 agreement, while conforming to the emergency legislation that the Council passed last month."
Washington is owned by major league baseball and is expected to move into the new facility for the start of the 2008 season.