of Baltimore Orioles and Maryland Governor Wes Moore announced a joint commitment to what they call a “decade-long public-private partnership” to revitalize the Camden Yards Sports Complex.
Statements from the team and the state’s new governor came out Wednesday, the deadline for the Orioles to extend their lease at Camden Yards for a one-time five-year period. There was not. The Orioles’ lease decision was first reported by the Baltimore Sun.
The lease is set to expire later this year in the absence of an extension, but the team and the Maryland Stadium Authority can continue negotiations. Wednesday’s joint release appeared to be an attempt to calm Baltimore’s nerves about the team’s future.
Orioles CEO John Angelos said, “To bring Baltimore the modern, sustainable and inspirational sports and entertainment destination that Maryland deserves, Governor Moore, his administration We look forward to continuing to work with the Maryland Stadium Authority.” .
“We are extremely grateful for Governor Moore’s vision and commitment to seizing the golden opportunity to redefine the paradigm of what a Major League Baseball venue represents, thereby revitalizing downtown Baltimore. As the new Chairman of the MSA Board, together with Governor Moore and our new members, we can once again fully recognize the potential of Camden Yards to serve as the catalyst for Baltimore’s second Renaissance.”
The state’s former governor, Republican Larry Hogan, signed legislation last year to increase bond approvals for M&T Bank Stadium. Baltimore Ravens, and Camden Yards. This action allowed for borrowing of up to $600 million per stadium.
“The Baltimore Orioles revolutionized baseball and set the standard for the fan experience when Camden Yards opened 30 years ago,” Democrat Moore said Wednesday. “We share the Orioles organization’s commitment to ensuring that the team can play at Camden Yards’ world-class facility for decades to come, and we are excited to move forward with our public-private partnership. increase.”
Angelos recently reaffirmed that the Orioles will stay in Baltimore, but disparaged reporters who asked for more clarity on the future of the team’s ownership status. He was sued by his younger brother Lou, who claimed he took control of the Orioles.
The Associated Press contributed to this report.