Tag

Development Rights

All articles tagged with #development rights

sports1 year ago

"David Rubenstein's Vision for Baltimore Orioles: Stadium Renovations, Ownership Plans, and World Series Aspirations"

New Orioles owner David Rubenstein has committed to honoring the team's stadium lease for the full 30 years, expressing his intention to keep the Orioles in Baltimore as long as there's Major League Baseball. Rubenstein, who recently purchased the team for $1.725 billion, plans to negotiate a development rights deal with the state and has no intention of exercising the option to end the lease after 15 years. He also expressed his admiration for New England Patriots owner Robert Kraft and his plans to revitalize the Camden Yards area.

sports2 years ago

Governor Moore secures Orioles lease for Camden Yards despite challenges

The Baltimore Orioles and the state government have confirmed that they have reached a lease agreement to keep the baseball team playing at Camden Yards. The details of the lease, including the resolution of the Orioles' request for development rights around the stadium, have not been disclosed. The agreement still needs approval from the Maryland Stadium Authority's board of directors and the state Board of Public Works. The negotiations have been ongoing for months, with previous announcements turning out to be nonbinding. The deal aims to keep the Orioles in Baltimore long term and benefit taxpayers and the city.