The Anaheim City Council is expected to vote next week to enter lease negotiations with the Los Angeles Angels that could keep the team in the city through 2057.
The deal would also enable the team to drop the "of Anaheim" suffix from its name.
Under the proposed deal, the Angels would pay for a major renovation of Angel Stadium. In return, owner Arte Moreno would rent land surrounding the stadium for $1 per year and secure development rights to that land for at least 66 years.
The Angels can opt out of their stadium lease in 2016.