VERO BEACH, Fla.—Former Los Angeles Dodger owner Peter O'Malley has signed a five-year lease extension for his management company to operate the old Dodgertown spring training site.

O'Malley signed the agreement Tuesday with Indian River County to continue managing Vero Beach Sports Village. The agreement extends the lease until 2019. His partnership took over the complex in 2012.

The Dodgers trained in Vero Beach from 1948 to 2008, when they moved their camp to Arizona. After their departure, the facility was renamed Vero Beach Sports Village and it now hosts amateur teams, tournaments and umpire schools. The 79-acre facility was in financial trouble before O'Malley stepped in to save it.