Print
Monday, February 8, 2021
Tyler Waldman, WBAL NewsRadio 1090 and FM 101.5
The Maryland Stadium Authority on Monday agreed to a two-year extension on the Baltimore Orioles’ lease on Oriole Park at Camden Yards.
The MSA board of administrators permitted the modification at an advert hoc assembly. The lease, resulting from expire on the finish of the 12 months, will now expire Dec. 31, 2023. The Orioles have the choice to train a one-time, five-year extension by Feb. 1, 2023.
“The MSA and the Orioles are at the moment discussing phrases of a brand new lease and capital reinvestment that may maintain the workforce taking part in in an upgraded Oriole Park at Camden Yards that may provide elevated financial advantages from each baseball and year-round, non-baseball makes use of,” stadium authority Chairman Thomas Kelso stated in a press release.
The modification nonetheless requires the approval of the state Board of Public Works.
The MSA and the Orioles entered into the unique lease in 1992. Since then, the ballpark has attracted greater than 72 million guests to Baltimore and generated greater than $10 billion in native influence, Orioles Chairman and CEO John Angelos stated.
“At a second after we are all coming collectively to fulfill the general public well being and financial challenges introduced by the COVID-19 disaster, at present’s partnership extension by the MSA and the Orioles is a vital collaborative step because the chairman and board of the Maryland Stadium Authority be part of along with the chairman and management of the Baltimore Orioles Restricted Partnership group in fulfilling our aligned imaginative and prescient,” Angelos stated.
In 2019, Angelos knocked down rumors the Orioles have been contemplating decamping from Baltimore. Nonetheless, the workforce’s majority proprietor, Peter Angelos, is 91 and in failing well being. He has ceded day-to-day management to his sons, John and Louis.
Although no followers have been allowed in to see video games this 12 months, the ballpark was used for meal distribution, blood drives and voting. Stadium authority officers stated the ballpark will quickly function a COVID-19 mass vaccination website.
