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Onondaga Co. set to invest in upgrades to NBT Bank Stadium

County to borrow about $12M; State adds in about $12M; Mets extend lease 18 yrs.

SYRACUSE, N.Y. (WSYR-TV) - Onondaga County appears to be on its way to a major investment in upgrades for NBT Bank Stadium.

The County Ways and Means Committee Monday afternoon discussed borrowing $8.5M for improvements to the ballpark.

The Committee also considered borrowing an additional $3.6M for upgrades there.

This money would be paid back when a new naming rights package for the stadium is negotiated.

NBT Bank still has seven years left on its naming rights deal for the ballpark with the County, and it also has right of first refusal to continue with a new deal.

The full County legislature is expected to vote on the two borrowing resolutions at the Oct. 9 meeting.

New York State is ready to pitch in just over $12M for improvements, bringing the total to over $24 million available for improving NBT Bank Stadium.

The project for the stadium discussed last month by Deputy County Executive Bill Fisher would estimated to cost between $25 to $30 million.

In exchange for all the improvements, the Mets are ready to extend their lease, which has seven years left, by another 18 years.

It would ensure the Mets ownership keeps baseball in Syracuse for the next 25 years.

Also, Onondaga County just made its last bond payment on the original cost of the stadium.

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