Orioles' Long-Term Lease at Camden Yards Set for State Vote
The agreement, prioritizing Maryland taxpayers and the City of Baltimore, follows a 30-year deal announced by the Orioles in September.
- The long-term lease agreement for the Baltimore Orioles at Camden Yards is set to go to a vote by state officials next week.
- The current lease, owned by the state of Maryland, is due to expire at the end of the month.
- The new agreement is said to embody three core principles: a long-term deal that keeps baseball in Baltimore, prioritizes Maryland taxpayers, and benefits the entire City of Baltimore.
- The Orioles announced a new 30-year deal to stay at the ballpark in September, which included a 99-year development rights agreement for areas surrounding the ballpark.
- Last year, the state increased bond authorization for M&T Bank Stadium and Camden Yards, allowing borrowing of up to $600 million for each stadium.