This historic agreement is the culmination of several years of work, according to Regina Morales, director of economic development for the City of Sugar Land. In 2007, the City created a plan that outlined five different entertainment components, one of which was a baseball team and stadium.

Morales tells GlobeSt. that the City initially pursued a Triple A affiliate team with the Houston Astros. When that didn't work out, the City found an independent operator to bring America's pastime to Sugar Land.

Lancaster, PA-based Opening Day Partners will own an Atlantic League expansion team that is committed to play in Sugar Land with a 20-year lease and a renewal option for an additional 10 years. The firm, which has designed, constructed and operated 14 ballparks since 1982, will also contribute $3 million in revenue sharing from the venture and $5 million to the construction of the stadium, which it will operate, Morales says.