BALTIMORE — The O's are staying Baltimore!
During their match-up against Red Sox, the Baltimore Orioles showed on their big screen that the team agreed to a 30-year deal to stay at Camden Yards.
Maryland leaders have been going for months trying to get a deal done.
Some of the details of the deal include:
- Securing the Orioles’ future at Camden Yards for at least 30 years, until the team’s 100th anniversary in Baltimore, with the option for two five-year extensions
- A 99-year development rights agreement for the areas surrounding the ballpark, including the Warehouse and Camden Station, to energize and revitalize the Camden Yards complex
- Transferring operations and maintenance responsibilities for the ballpark from the Maryland Stadium Authority to the Orioles, which will save the state money
- Shifting the management of capital expenditures at the ballpark to the Orioles while maintaining the Maryland Stadium Authority’s oversight, including state controls and approval over any new projects on the complex.
In July, Governor Wes Moore and the Orioles issued a joint statement claiming progress was being made.
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Now just two months later, an agreement was made for the O's to remain in Charm City for the next three decades.
BREAKING: The #Orioles announce the team has agreed to a deal with the state of Maryland to stay in Baltimore for the next 30 years. Owner John Angelos shown on the video board with Gov. Wes Moore here at the game. pic.twitter.com/HgPQkcTA83
— Shawn Stepner (@StepnerWMAR) September 28, 2023
Funds will be dedicated to updating and maintaining critical stadium equipment such as elevators, chillers and escalators.
The Orioles will pay $94 million in rent over the 99-year term of the agreement and the state and the Orioles will work together on plans for the new development.
