Orioles, stadium authority agree to two-year lease extension for Camden Yards

Orioles, stadium authority agree to two-year lease extension for Camden Yards

Monday, February 8, 2021
Tyler Waldman, WBAL NewsRadio 1090 and FM 101.5

The Maryland Stadium Authority on Monday agreed to a two-12 months extension on the Baltimore Orioles’ lease on Oriole Park at Camden Yards.

The MSA board of directors authorised the modification at an advert hoc meeting. The lease, due to expire at the conclude of the 12 months, will now expire Dec. 31, 2023. The Orioles have the possibility to workout a a person-time, five-12 months extension by Feb. 1, 2023.

“The MSA and the Orioles are presently speaking about terms of a new lease and cash reinvestment that would preserve the workforce actively playing in an upgraded Oriole Park at Camden Yards that would give enhanced economic advantages from both baseball and 12 months-round, non-baseball utilizes,” stadium authority Chairman Thomas Kelso reported in a assertion.

The modification nevertheless requires the approval of the state Board of Community Will work.

The MSA and the Orioles entered into the original lease in 1992. Considering that then, the ballpark has attracted far more than 72 million readers to Baltimore and created far more than $10 billion in area impact, Orioles Chairman and CEO John Angelos reported.

“At a second when we are all coming together to fulfill the general public health and economic problems introduced by the COVID-19 disaster, today’s partnership extension by the MSA and the Orioles is an vital collaborative move as the chairman and board of the Maryland Stadium Authority be a part of together with the chairman and leadership of the Baltimore Orioles Constrained Partnership team in satisfying our aligned vision,” Angelos reported.

In 2019, Angelos knocked down rumors the Orioles have been thinking about decamping from Baltimore. Having said that, the team’s majority owner, Peter Angelos, is ninety one and in failing health. He has ceded day-to-day management to his sons, John and Louis.

However no enthusiasts have been allowed in to see online games this 12 months, the ballpark was applied for meal distribution, blood drives and voting. Stadium authority officers reported the ballpark will soon provide as a COVID-19 mass vaccination web page.

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