According to an article by David Dorsey in the Fort Myers News-Press, the Minnesota Twins and Lee County will announce a 30 year lease extension later today. According to the article there will be about $45 million in improvements to the complex with the Minnesota Twins contributing $13.5 million to the project. $6 million of the $13.5 million is made up of a rent increase for the Twins from $300K to $500K per year. The remaining $7.5 million will be used to construct a player dormitory on property the county would contribute for the project.The details of the agreement, including plans to revamp the concourse, add seating sections and constructing a new gift shop and concession area are slated to be released today. The Lee County Board of County Commissioners are scheduled to vote on the agreement on November 6. You can read the entire article here.
UPDATE – Details of deal have now been announced.
UPDATE – President Dave St. Peter video