Orioles agree to a new lease that keeps team in Baltimore for 30 more years

The Orioles, the Maryland Stadium Authoriy and the State of Maryland announced agreement on a new lease that will keep the team at Camden Yards for the next 30 years. The announcement was made on the scoreboard in the bottom of the third inning of the Orioles’ AL East division-clinching win over Boston, with Orioles Chairman and CEO John Angelos and Governor Wes Moore pictured together.

The Orioles have played in Camden Yards since 1992, and the agreement comes three months before the scheduled expiration of the lease on December 31st, 1992.

“I have no doubt that we will relatively rapidly move towards the renewal of the public-private partnership and I would be very disappointed if I’m not able to work with the governor and his team … to make that happen in the next six months. I’d love to have that as an All-Star break gift for everybody, really,” Angelos said in Sarasota, Florida in February.

“There’s just no there there other than we’re going to get that done. That’s always been one of the things I committed to and I have no intention of not seeing that happen. I know the governor and his folks are just as keen on it as we are.”

The Orioles will get to use $600 million that the state approved for improvements to Camden Yards. The Ravens, who also got $600 million, signed a 15-year lease in January.

Baltimore Mayor Brandon Scott issued a statement on the  agreement.

“The Baltimore Orioles are an institution and an irreplaceable member of the collective family that makes up Charm City,” Scott said.  “I am extremely pleased that under this agreement, they will continue to call Oriole Park at Camden Yards — the ballpark that forever changed baseball — home for another generation. I want to thank John Angelos and the entire Orioles organization for continuing to be a team not only in Baltimore, but of Baltimore. I also want to thank Governor Moore, Maryland Stadium Authority Chair Craig Thompson, and the entire team at the state for their great work ensuring our Orioles remain in Baltimore. I look forward to working with them and all of our partners as we embark on the next steps to modernize Oriole Park and the surrounding area into the best version of itself.”