Democratic Governor Wes Moore ensures the future of baseball in Baltimore
Democratic Governor Wes Moore of Maryland has announced that a long-term lease agreement for the Baltimore Orioles will be put to a vote by state officials next week. The team’s current lease at Camden Yards is set to expire at the end of the month. Governor Moore emphasized that the agreement embodies three core principles: ensuring the long-term presence of baseball in Baltimore, prioritizing the interests of Maryland taxpayers, and benefiting the entire City of Baltimore.
In a statement, Governor Moore expressed gratitude for the dedicated team that worked diligently to secure this deal, highlighting their commitment to the taxpayers. He also acknowledged the significant role played by the Baltimore Orioles in the community, expressing excitement about the impact they will continue to have on the city and the state for years to come.
The Orioles confirmed the agreement in their own statement, expressing appreciation for the collaborative efforts that brought the deal to fruition. They expressed gratitude towards the Maryland Stadium Authority, Governor Moore’s team, and everyone involved within the Orioles organization.
The lease at Camden Yards, which is owned by the state of Maryland, is set to expire at the end of the year. In September, the Orioles made a dramatic announcement during a game that they had reached a new 30-year deal to stay at the ballpark. The governor’s office subsequently released details of a memorandum of understanding involving Governor Moore, the team, and the Maryland Stadium Authority.
The agreement in September also included a 99-year development rights agreement for areas surrounding Camden Yards, such as the warehouse and Camden Station. Senate President Bill Ferguson, whose district includes the stadium, had concerns regarding this aspect of the agreement. The Moore administration has committed to addressing these concerns before moving forward.
The agenda on the stadium authority’s website reveals that the panel will consider a contract to extend the existing lease, providing time to create a development plan. Additionally, a draft agreement will be reviewed to formalize the terms and conditions of the 30-year lease agreement.
Last year, the state of Maryland increased bond authorization for M&T Bank Stadium, home of the Baltimore Ravens, and Camden Yards. This measure allowed for borrowing up to $600 million for each stadium, indicating the state’s commitment to supporting its sports teams.