SCOTTSDALE, Ariz. — The Rockies on Wednesday struck a late deal with Colorado after four years of difficult negotiation designed to keep the team at Coors Field for 30 more years.
The Rockies agreed to a $200 million, 30-year lease with the Metropolitan Baseball Stadium District, the state division that owns Coors Field, worth about $2.5 million per year. In trade, the Rockies will be allowed to lease and develop a valuable plot of land directly south of the stadium. For that, the team will pay the District $125 million for 99 years.
“It was a strong and long negotiation,” said Matt Sugar, spokesman for the District.