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O’s New Lease Deal Continues Stadium-Centered Development Trend

Sep 29, 2023

The Baltimore Orioles and Maryland Stadium Authority plan to create a large-scale, mixed-use development around Oriole Park at Camden Yards on the heels of a new 30-year lease agreement keeping the MLB club at the venerable ballpark.

Hours after the new deal was announced and the Orioles clinched the American League East Division and AL’s top seed, details of the agreement began to emerge. The pact is highlighted by a 99-year development rights agreement that allows the Orioles to bring in private investment to certain public areas around Camden Yards.

The Orioles will pay $94 million in rent over the full-term of that redevelopment agreement and lead efforts to bring in partners to remake areas around the ballpark including Camden Station and the B&O Warehouse.

Source: Front Office Sports

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