ANAHEIM—The Los Angeles Angels and the city of Anaheim came to an agreement on Wednesday, December 4 which will keep the baseball team in the city until 2050. 

The Angels hired a company to assist with negotiating ways for the MLB team to determine a deal revolving their stadium. This deal means Angeles owner, Arte Moreno will buy the stadium and the surrounding parking lots for $325 million. He will decide later whether to pay to upgrade or replace the stadium. This assures fans that the Angels are set to play in Anaheim through 2050, with additional options that could keep them there through 2065.

The Anaheim City Council is expected to approve the deal on December 20. The Angels opted out of their stadium lease last year, which lead Mayor Harry Sidhu to focus on a new deal. 

Angel Stadium opened in 1966 and is the fourth-oldest ballpark in the Major League Baseball organization. Boston’s Fenway Park dates to 1912, Chicago’s Wrigley Field to 1914, and Dodger Stadium to 1962.

The Angels released the following statement via their Twitter account:

“We appreciate the mayors leadership in working to keep the Angels her in Anaheim, which has been our home for over 50 years. Today is the first step in enabling us to invest in our future by building a winning team and delivering a high-quality fan experience,” said Moreno.