The Orioles beat the deadline on the expiration of their stadium lease.
No more false starts, pauses or U-turns. It’s finally done.
The club and state of Maryland reached agreement on a long-term deal that will keep the Orioles at Camden Yards.
The commitment runs for a minimum of 15 years, with expansion to 30 if the Orioles and the state agree to a development plan for the surrounding area in the next four years. Or the team could simply decide to keep it at 30.
A press release from the Orioles stated: “The deal, which follows the broad, shared goals of the memorandum of understanding agreed to this fall, represents the commitment by the Orioles organization to the City of Baltimore, our fans, and the desire to reinvigorate the area in and around Oriole Park at Camden Yards and the Downtown Corridor. Additionally, this new lease agreement will spur economic growth, drive community impact, and foster the ability to maintain and build a winning, competitive, and unmatched Major League Baseball team.”
