CLEVELAND -- The Indians have agreed to a 15-year lease extension at Progressive Field, keeping them at their downtown ballpark through 2036 and ending speculation the franchise would relocate.
The agreement, which was announced Thursday and still needs legislative approval, includes two additional five-year options that could make it a 25-year deal through 2046.
Also, the Indians are partnering with the city, Cuyahoga County and state to spend $435 million in renovations on the ballpark, which opened in 1994.
"This is an investment in Cleveland's future," Mayor Frank G. Jackson said.
The club has been in talks with the city and county, which owns the 35,000-seat stadium, on extending the lease for several months.