The long-reported potential move of the Double-A Binghamton Mets to Ottawa has received what appears to be its final death knell.
Ottawa's Finance and Economic Development Committee has shifted its attention from a prospective Double-A team to an independent league team, according to a published report in Canada.
The CBC News report reads:
The city had been pursuing a Double-A team for the vacant stadium, but the one bidder that came forward wanted more than $40 million in stadium upgrades and a 20-year lease. Instead city staff recommended approving an offer from the Canadian American Association of Professional Baseball to lease the stadium.
Under the terms of the proposal, Ottawa would have a team by May 2015. The terms of the deal would include a ten-year lease with an option for later extensions, a $750,000 initial capital cost and an annual operating cost of $400,000.