October 10, 2017
Albany, NY

Governor Cuomo Announces Mets to Purchase the International League Syracuse Chiefs

TOP Governor Cuomo Announces Mets to Purchase the...

Mets Agree to Operate AAA Minor League Baseball Franchise in Syracuse Through at Least 2025 

Complements "Central NY Rising" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy

Governor Andrew M. Cuomo today announced an agreement for the New York Mets to purchase the franchise rights to the Syracuse Chiefs. The deal, with negotiation support from Governor Cuomo, ensures that the team will continue to play at NBT Bank Stadium in Syracuse, New York, through at least 2025. Governor Cuomo helped bring the teams together to make the deal possible. The Chiefs play in the International League and are currently an affiliate of the Washington Nationals.

 

"This partnership will help attract new and old fans alike, and support economic growth in the Syracuse community for years to come," Governor Cuomo said. "It is a home run that ensures the Chiefs stay right where they belong while the next generation of 'amazin' greats is fostered right here in Central New York."

 

Mets COO Jeff Wilpon said, "The Mets are excited for the potential opportunity to be part of Triple-A baseball in Central New York and want to thank Governor Cuomo, Senator Schumer and Onondaga County Executive Joanie Mahoney for their leadership and support in helping secure this partnership. We look forward to the opportunity to work with the staff to continue to bring affordable, family entertainment to baseball fans in Syracuse." 

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The transaction must be approved by the Community Baseball Club of Central New York stockholders, professional baseball and Onondaga County, which holds the lease to the stadium. Active stockholders will shortly receive a voting proxy in the mail with details on the proposed transaction and instructions on how to vote by Nov. 17, 2017.

 

Onondaga County Executive Joanie Mahoney said, "Governor Cuomo is a champion for upstate New York, and we are grateful for is work bringing the Mets to Syracuse. Baseball is important to the entire Central New York community both as a source of pride and as an economic engine and it's because of his commitment and leadership that this agreement was possible."

 

Bob Julian, Chairman, Community Baseball Club of Central New York Inc., said, "It is an exciting time for baseball in Syracuse. The potential benefit of the proposed sale to our ball club is extraordinary. For our stockholders, the sale would provide an attractive return on their investment and it would ensure professional baseball remains in Syracuse for at least eight more years. We are grateful to the Mets for investing in our community."

 

"This partnership will help attract new and old fans alike, and support economic growth in the Syracuse community for years to come."

Governor Andrew M. Cuomo

Accelerating Central NY Rising  

Today's announcement complements "Central NY Rising," the region's comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $4.7 billion in the region since 2012 to lay the groundwork for the plan - capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in.

 

Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State's $500 million investment will incentivize private business to invest well over $2.5 billion - and the region's plan, as submitted, projects up to 5,900 new jobs. More information is available here.

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