The Reno Redevelopment Agency (RDA) is expected to vote on a new agreement with the Reno Aces on Wednesday.

The agreement would transfer ownership of Greater Nevada Field from the City of Reno to the Reno Aces' ownership, in exchange for a 20-year extension of the team's no-relocation agreement and a $40 million investment. Half of that money needs to be invested within five years of the start of the agreement, and the other $20 million will be used in the following five years.

Right now, the City of Reno owns Greater Nevada Field, and Nevada Land LLC, the owners of the Reno Aces, owns the land.

The RDA Advisory Board discussed the terms of the agreement at its meeting on Monday.

Aces president Eric Edelstein said the agreement would "just take what is already an extremely strong commitment and just really, future-proof it for both the team and the ownership."

Rich Atkinson has lived in the area for over 40 years. He said local sports like the Aces need to stick around.

"This is a town that's growing, and anything we can keep here that's for a lot of your family time and bonding community, it's great," Atkinson said.

The agreement would have RDA pay the team $1 million every year until 2043, when the current lease is set to expire. If it fails to make a payment and doesn't appeal within 30 days, the entire agreement is null and void. Similarly, if the team doesn't make its investment, the stadium and land would be returned to the city.

The team would be allowed to sell the stadium, but if they do so in the next five years, the city would get a cut of the profit. The team may sell to anyone - provided it gets approval from Major League Baseball - as long as the new owner inherits all contractual agreements.

Currently, the City of Reno is allowed to use the stadium 12 times per year. That would be decreased to five under the new agreement.

Nevada Land LLC would maintain control of the naming rights for the stadium.

Edelstein said the agreement would be a win for the city, the team, and the community.

"Everybody gets the certainty of what they want for the long term of the future," he said.

If the Reno Redevelopment Agency approves the agreement, we could be enjoying "Aceball" for the foreseeable future.