Uncertainty Surrounds Orioles' Lease Renewal at Camden Yards

Senate President Bill Ferguson raises concerns over tying lease to development rights agreement amid rumors of team acquisition by Carlyle Group co-founder.

• The Baltimore Orioles' lease at Camden Yards is set to expire at the end of the year, with a new 30-year deal announced in September yet to be finalized.
• Maryland Senate President Bill Ferguson has expressed concerns about the new lease being tied to a 99-year development rights agreement for areas surrounding the ballpark.
• Ferguson believes the long-term lease should not be conditioned on whether a private owner receives a ground lease to develop land owned by Maryland taxpayers.
• Recent news has heightened uncertainties about the future ownership of the Orioles, with reports suggesting Carlyle Group Inc. co-founder David Rubenstein is in talks to acquire the team.
• The administration of Gov. Wes Moore has pledged to work with Ferguson to address his concerns about the lease framework.

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