A source says a group of Montreal investors has met the conditions laid out by Major League Baseball to get a team back in the city.
A person familiar with the situation tells The Canadian Press the investors are just waiting for a call from MLB commissioner Rob Manfred to start proceeding with the plan.
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The source says they have a solid financial set-up, support from two levels of government, various potential locations for a stadium as well as at least five different designs for the venue.
Montreal businessmen Stephen Bronfman and Mitch Garber publicly revealed their commitment last year to the project.
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Bronfman and Montreal Mayor Denis Coderre co-signed a 2015 letter that was sent to the 30 MLB teams as well as to Manfred.
The letter spoke of Montreal’s interest in rejoining the major leagues for the first time since 2004, when the Expos left to become the Washington Nationals.