Omaha Royals president Alan Stein announced Wednesday he has agreed in principle to a memorandum of understanding with Sarpy County regarding the construction of a new baseball stadium.
It is a preliminary contract exclusive to Sarpy County until March 15th. The memorandum has the Royals leasing and operating the stadium for 25 years. Based on that the county has drawn up preliminary finance plans, but they have not been made public.
The county estimates it has spent $100,000 to secure the deal. Officials say none has been property tax revenue.
Following the news conference in Papillion with Sarpy County Administrator Mark Wayne, Stein said all signs appear positive that the Royals and Sarpy County can continue to move forward in finding financing for the ballpark.
Stein called it a significant first step. “This is only a first date, not an engagement, but it’s a good first date.” Stein cautioned that a final agreement is a long way off.
The memorandum of understanding is expected to be on the agenda for a vote by the full Sarpy County Board at its meeting next Tuesday.
No location within Sarpy County has been disclosed. The Royals have been shopping around for a new stadium after the announcement that Rosenblatt Stadium will be torn down in favor of a new downtown Omaha ballpark.
The Royals were unable to come to terms with MECCA, the board that operates Qwest Center Omaha, for the team to play in the new stadium.