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Ballpark in Malden one step closer to reality

Developers planning to build a $50 million baseball park on an old National Grid gas plant site in Malden will pay about $20 million over the course of a 40-year lease with the utility provider, according to a copy of the agreement obtained by the Globe.

Mayor Gary Christenson,  US Representative Ed Markey, Attorney General Martha Coakley, and Massachusetts National Grid president Marcy Reed  celebrated the agreement at Malden Government Center Monday afternoon by signing Louisville Slugger  bats.

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