Mariners and Public Facilities District Agree to New Lease Terms for Safeco Field

The Washington State Major League Baseball Stadium Public Facilities District Board has approved terms for a new 25-year lease for the Mariners at Safeco Field.

The agreement includes two 3-year options that would extend the lease term through the year 2049.

Mariners Chairman and Managing Partner John Stanton called it a great day for baseball fans in the Northwest.

“We want this ballpark to be our home for the next 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 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,” said John Stanton.

Under the agreement, the Mariners will contribute some $650 million dollars to the Public Facilities District (PFD) over the life of the lease.

Over the life of the lease, 80% of the cost of all capital expenditures, operations and maintenance for the publicly-owned ballpark will be paid by the Mariners through direct contributions to the PFD and taxes generated by ballpark events.

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