Goodyear OKs $11M Loan Debt For Cleveland Indians To Invest In Clubhouse

By Casey Kuhn
Published: Friday, May 26, 2017 - 4:05pm

Right on the heels of a World Series appearance, the Cleveland Indians are investing in their Arizona spring training facility. But, they’re getting the loan through the city of Goodyear.

The Indians plan to add 16,000 square feet to their clubhouse at Goodyear Ballpark and it comes at a cost of $11 million. And in a deal between the team and the city, Goodyear will hold the debt on that investment as the Indians pay it back over the next decade.

The deal gives the baseball franchise lower interest while they repay,  and will be funded through ballpark revenue.

Cleveland Indians Arizona operations director Ryan Lantz said the team wants to double the size of the weight room, expand the cafeteria and add administrative offices.

“Some of the things we’ve missed out on as far as the player development experience. This is not only our spring training home but it’s a year-round facility," said Lantz.

Goodyear City Council approved the loan in a 4-2 vote.

The franchise will repay the loan over the next decade, mirroring the time left on the Indian’s lease at Goodyear Ballpark.

However, that lease ends five years before the city will actually finish paying off the money initially invested in the ballpark.

That future gap is why Councilwoman Joanna Osborne was one of the two members who voted against the agreement with the Indians.

“This is a great tool for you," she said about asking the team to negotiate. "Why don’t you guys extend your lease for us that five years to make up the difference of when we have our ballpark paid off, and you need to renew your lease?”

The Indians will add space for the players who use the facility throughout the year.

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