(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 next week by state officials, Gov. Wes Moore and the team.
The agreement is expected to be presented to the Maryland Stadium Authority on Monday in Baltimore at the warehouse near the stadium. The state’s three-member Board of Public Works, chaired by the governor, is also scheduled to meet there later in the day.
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 taxpayers” in mind.
The Orioles confirmed the deal in a statement.
“We appreciate the hard work done to get this deal across 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 agreement to remain 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 deal 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 M&T Bank Stadium, home of the Baltimore Ravens.
The measure allowed the loan of up to 600 million for each stadium.
