On October 16, 1964 — After deliberating for four hours, the Indians’ Board of Directors decide to keep the team in the Forest City after exploring options to possibly shift the franchise to Seattle, Oakland, or Dallas. The Tribe signs a ten-year lease to use Cleveland Stadium at a reduced rent, which includes an escape clause for the city and the club after any season.
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Sources:
Baseball Reference October 16
National Pastime October 16
Retro Sheet
Hall of Fame
SABR Games Project
Replay The Game