Orioles Secure Lease Extension at Camden Yards

by Warren Seah

Speaking at a news conference, Governor Wes Moore expressed his enthusiasm, stating, “This is a great day, and I am thrilled to tell you why, but first I want to say something that I have been waiting to say for a long time: Baltimore, the deal is done.” This announcement marks a significant milestone as the Orioles’ lease at Camden Yards, which is owned by the state of Maryland, was set to expire at the end of the year.

Under the new agreement, the lease is extended for 30 years, with an option to terminate it after 15 years if the team fails to obtain approval from state officials for development plans adjacent to the stadium. This provision ensures that any future developments adhere to stringent oversight by state panels.

While some Maryland officials, such as state Senate President Bill Ferguson, initially voiced concerns about the development-rights agreement included in the deal, they have since supported the revised plan. This new plan addresses their previous concerns by incorporating increased oversight by state panels for future development projects in the area surrounding the stadium.

This lease extension solidifies the Orioles’ continued presence at Camden Yards and marks an exciting chapter in their enduring partnership with the state of Maryland. The team can now look forward to a future filled with prospects for growth, success, and memorable moments on their home field.

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A Collaborative Effort for Maryland

“Today, we stand here together, a group of individual leaders working as one to move forward not just the city of Baltimore, but the entire state of Maryland, to create a championship for this state,” stated Ferguson.

Comptroller Brooke Lierman, a member of the Board of Public Works, reflected on the challenging process it took to finalize the deal that would keep the Orioles in Baltimore while providing the best value to taxpayers. After months of negotiations, Lierman expressed her satisfaction with the collaborative effort.

“I think the lease agreement we’re approving today is a culmination of that collaboration, and I’m confident that it’s a good deal for Marylanders,” Lierman affirmed.

Commitment to Maryland’s Baseball Heritage

Orioles owner John Angelos shared his support for the agreement in a statement following the board’s vote. He acknowledged the accomplishments of the management group in leading the Orioles to success this season and emphasized the significance of this partnership with Governor Wes Moore and his administration.

“Most importantly, I’m happy we can deliver on our promise to fans of keeping the Orioles here for 30 more years, marking the 100th season of the team in Baltimore,” Angelos added.

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