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.
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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.
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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.
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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.