The Orioles and the Maryland Stadium Authority have agreed to a two-year extension on the lease for Oriole Park at Camden Yards.
The extension was voted on at an MSA meeting on Monday and will run through December 31, 2023. The Orioles can exercise a five-year extension option by February 1, 2023.
“The MSA and the Orioles are currently discussing terms of a new lease and capital reinvestment that would keep the team playing in an upgraded Oriole Park at Camden Yards that would offer increased economic benefits from both baseball and year-round, non-baseball uses,” MSA chairman Thomas Kelso said in a statement.
The Orioles have been playing at Oriole Park at Camden Yards since April 1992, and they want to negotiate a long-term lease over the next two years.
“In the generation since the ‘Ballpark That Forever Changed Baseball’ opened in the heart of Maryland, Oriole Park at Camden Yards has attracted more than 72 million visitors to Downtown Baltimore. The Orioles are proud of our one-of-a-kind partnership with the Maryland Stadium Authority and the more than $10 billion in local impact we have created together for the residents of the city and state that we have called home for 67 years,” John Angelos, Orioles chairman and CEO, said in a statement.
The extension must be approved by the Maryland Board of Public Works.
“The Orioles’ partnership group that has managed Oriole Park to this spectacular level of returned economic impact are native Marylanders with a vision of continuing our long-term commitment as economic development and community contributors for generations to come,” Angelos said. “At a moment when we are all coming together to meet the public health and economic challenges brought by the COVID-19 crisis, today’s partnership extension by the MSA and the Orioles is an important collaborative step as the chairman and board of the Maryland Stadium Authority join together with the chairman and leadership of the Baltimore Orioles limited partnership group in fulfilling our aligned vision.”
News of the extension was first reported by WBAL Radio.