(Annapolis) A long-term agreement between the Baltimore Orioles and the Maryland Stadium Authority for a new lease at Camden Yards will be put to a vote by state officials next week, Gov. Wes Moore and the team.
The deal is expected to be submitted to the Maryland Stadium Authority on Monday in Baltimore, at the warehouse next to the stadium. The state’s three-member Board of Public Works chaired by the governor is also scheduled to meet there later today.
In a statement, Moore said the deal will keep baseball in Baltimore “for everyone to enjoy,” and that it was reached with “the best interests of the taxpayers” in mind.
The Orioles confirmed the deal in a statement.
“We appreciate the hard work that has gone into bringing this deal to the finish line. We are grateful to the Maryland Stadium Authority, the Governor’s team and, of course, everyone here in the Orioles organization,” the team said.
The Orioles’ lease at Camden Yards, which is owned by the state of Maryland, expires at the end of the year.
In September, the team announced a new 30-year deal to stay at the stadium. The next day, the governor’s office released a memorandum of understanding involving Moore, the team and the Maryland Stadium Authority.
The September agreement includes a 99-year development rights agreement for areas surrounding the stadium, including the warehouse and Camden Station.
Last year, Maryland increased bond authorization for Camden Yards and the M
The measure allowed up to 600 million to be borrowed for each stadium.
