An announcement by Saints owner Tom Benson and Louisiana Gov. Bobby Jindal has been scheduled for 10 a.m. local time Thursday at the Superdome.

A person with direct knowledge of lease negotiations confirmed to The Associated Press that a general agreement has been reached and was expected to be signed later in the week after final details have been worked out. The person spoke on condition of anonymity because the team and governor had yet to make the announcement.

Benson and Jindal wanted a long-term extension in place by this spring to improve New Orleans' bid to host the 2013 Super Bowl.