Orioles Announce New 30-Year Agreement to Stay at Oriole Park at Camden Yards

| September 29, 2023 | 0 Comments

After the third inning of last night’s Orioles vs. Red Sox game at Oriole Park at Camden Yards, the team’s public address announcer Adrienne Roberson informed the crowd that the Orioles and the Maryland Stadium Authority (MSA) had a new deal to keep the team at the stadium for “at least the next 30 years.”

The Orioles video board cut to Orioles Chair and Managing Partner John Angelos and Maryland Governor Wes Moore who were in the owner’s box joyfully clapping with Governor Moore enthusiastically pumping up the crowd. The news was met with a standing ovation.

The Orioles initial 30-year lease at Oriole Park expired at the end of 2021. A two-year lease was signed to allow more time for an extension which was set to expire at the end of this year.

With a new long-term lease, the Orioles are eligible for $600 million in State bonds for improvements at Oriole Park.

From an Orioles press release today:

The Orioles announced a renewed partnership with GOVERNOR WES MOORE, the State of Maryland, and the Maryland Stadium Authority (MSA). This agreement secures 30 more years of the Orioles at their iconic home of Camden Yards and brings with it the opportunity to reimagine the land surrounding the ballpark, marking private sector investment and development as the centerpieces to revitalize Downtown Baltimore. Additionally, Camden Yards will receive funds to modernize and upgrade much-needed areas of operation.

This new agreement is the culmination of a complex and innovative vision that began with the restructuring of the Orioles Organization.

“We had three goals in 2019 when we organized the Orioles management team,” said Orioles Chair and Managing Partner JOHN ANGELOS. “We set out to remake the Club to be a consistently competitive winner on the field, and to create a strong business and fiscal foundation to be able to do so at the highest level to sustain that competitiveness – and to completely reinvent and extend the Orioles’ partnership with the City of Baltimore and the State of Maryland for the next three decades to ensure that the O’s would be in Baltimore up to and through our 100th anniversary. We have been very fortunate that we have achieved all of these goals.”

The partnership with the State of Maryland includes a 99-year ground lease for select areas around the Ballpark north of Lee Street, including the B&O Warehouse and Camden Station, giving way to more private investment opportunities and spurring economic development. Also included in the deal is the changing of hands for operations and maintenance responsibilities from the MSA to the Orioles Organization.

“I could not be more thrilled to spend decades watching the Orioles win titles in Baltimore,” said Governor Wes Moore. “This deal is not only a good use of state resources but will also drive economic growth in downtown and across the city. Today, we take a big step toward a more vibrant and thriving Baltimore–with good-paying jobs, a diversified economy, and opportunity for all. This deal is good for the city and the state, and I’m grateful for the partnership that got us to this day. The Baltimore renaissance is here.”

As the Orioles look forward to playing October baseball, we know the team delivered on our promise to keep the hometown team where it belongs for decades to come. The Orioles are ushering in a new era for the City of Baltimore and the State of Maryland, delivering an economic and community impact that will last generations.

Last night was a celebration all around at Oriole Park as the Orioles clinched the American League East title with a 2-0 win. The win also gave the Orioles its first 100-win season in 43 years.

This year at Oriole Park, SuperBook Bar & Restaurant opened at the former Dempsey’s Brew Pub, Fanatics took over the team stores, and Levy became the new food and beverage partner.

The team additionally completed a $3.5-million project before the start of the 2022 season. This included pushing back the left wall, raising the height of the wall, and removing several rows of seats.

In January, the Ravens and MSA agreed to a 15-year lease extension for the team at M&T Bank Stadium, which sits adjacent to Oriole Park. This includes two five-year options to extend. The team released the scope of planned renovations over the summer.

Screenshot from Google Maps. Lee Street marked in orange.

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Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, father of three, amateur pizza chef, skateboarder, and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.
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