The River City Rascals have received a new lease from O'Fallon lawmakers that will keep the minor league baseball team in O'Fallon for nearly another decade, the St. Louis Post-Dispatch reports.
According to the report, the O'Fallon City Council voted unanimously to approve an agreement to keep the team at T.R. Hughes Ballpark through the 2022 season. The current lease was set to expire in 2014.
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The city and the Rascals ownership have been renegotiating the lease since last fall. The team's lease payment in 2012 was $175,000.
Under the new lease, the club will pay annual rent of $50,000 from 2013 through 2015; $75,000 annually in 2016 and 2017; $100,000 a season in 2018 and 2019; and $150,000 a year in 2020 through 2022. In addition, the Rascals would make annual debt payments of $12,200 per year to help pay off $122,000 it owes the city.
A new playground at T.R. Hughes Ballpark is also expected as part of the deal.
To read more on the story, read the St. Louis Post-Dispatch.