August 9, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Maryland Gov. Hogan signs dozens of just-passed bills, including $1.2 billion for Orioles, Ravens stadium improvements – The Denver Post

1 min read

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Gov. Larry Hogan signed legislation Tuesday that could help secure long-term commitments from the Orioles and Ravens to remain in their current Baltimore stadiums, allowing the Maryland Stadium Authority to borrow up to $1.2 billion for upgrades to the decades-old structures.

The Ravens have five years left on their lease at M&T Bank Stadium, while the Orioles’ original lease for Oriole Park at Camden Yards, which opened to great fanfare in 1992, was set to expire last year but then extended another two years. Specific improvements to the stadiums have not been determined, but the investment could help advance ongoing renegotiations for new long-term leases.

“The money is most critical from a standpoint of being able to extend the useful lives of these stadiums,” said Thomas…

Tribune News Service

2022-04-12 14:39:20

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