A newly signed letter of intent between park officials and National Grid representatives will bring Malden one step closer to a minor league baseball park, officials announced during a press conference Monday.
Mayor Gary Christenson, Rep. Ed Markey, Attorney General Martha Coakley, Massachusetts National Grid President Marcy Reed and Boston Baseball Field of Dreams LLC President Alex Bok addressed reporters at Malden City Hall, saying they hope the city will be ready to "play ball" by 2015.
"Today, we gather to sign what many consider to be a historic agreement for the city of Malden," Christenson said. "The distinguished group before you has been meeting, debating and negotiating for nearly a year to bring a 6500-seat baseball park to our city."
Christenson said the park would be one of the city's largest development projects ever, and that residents would take an active role in it's planning, through forums and other forms of outreach.
"I believe this project has the potential to not only revitalize this site, but also serve as an econmomic catalyst for the entire downtown," he said.
The $50 million facility will hold a lot more than baseball games, including retail space, food and other community amenities.
You can take a virtual tour through Bok's plans here.