The West Palm Beach City Commission gave final approvals Monday night to two key components of The Ballpark at the Palm Beaches, the new spring training complex that will be shared by the Houston Astros and Washington Nationals.
The commission signed off on a land swap that gives the 160-acre site to Palm Beach County and water agreements to irrigate the 13 baseball fields at the complex.
While the land deal closes over the next 30 days, the county will continue preparing the next key step – documents authorizing the issuance of construction bonds to pay for the $135 million complex.
A County Commission vote to issue the bonds, which will be financed over the next 30 years with $108 million in revenue from a county tax on hotels and motels, is scheduled for Sept. 22.
The teams hope to break ground in October and open the complex in January 2017.
The land deal gives the city 1.8 acres of previously-owned county land downtown between Fern and Evernia streets. The deal also includes a new 12-acre city park to be built by the teams on the southwest corner of the baseball complex.