All articles tagged with #lease agreement
Originally Published 2 months ago — by BBC
A leaked document reveals that Prince Andrew's lease for Royal Lodge involves a unique arrangement where he paid a large upfront sum in 2003, effectively buying out future rent, and has since covered renovation costs, allowing him to live there with minimal ongoing payments despite his controversial status and lack of official royal duties.
Originally Published 3 months ago — by TipRanks
Applied Digital's stock surged 30% after beating earnings expectations, securing a major lease deal with CoreWeave for full capacity at its North Dakota data center, and advancing its expansion plans with new funding and construction of Polaris Forge 2, reinforcing its position in AI cloud infrastructure.
Originally Published 5 months ago — by Cincinnati Bengals
The Cincinnati Bengals and Hamilton County have finalized a lease extension for Paycor Stadium through 2036, with options to extend to 2046, supporting a $470 million renovation funded mainly by the team, ensuring the stadium remains a premier NFL venue and a key part of Cincinnati's riverfront development.
Originally Published 6 months ago — by The New York Times
Hamilton County commissioners approved a new lease for the Bengals' Paycor Stadium, including a $470 million renovation with county and NFL contributions, a rent-paying requirement, and a temporary 11-year agreement that keeps the team downtown through at least 2036, with potential for future extensions and increased community use.
Originally Published 6 months ago — by Cincinnati Enquirer
Hamilton County and the Cincinnati Bengals have agreed on a new 11-year lease for Paycor Stadium, including $470 million in stadium upgrades, with the team responsible for most renovation costs and revenue sharing, and a potential for extensions based on revenue rankings, pending county approval.
Originally Published 1 year ago — by NBC Sports
Dashcam video of a six-car accident involving a Lamborghini leased by Chiefs receiver Rashee Rice suggests that he may have been the driver, as it appears that he emerged from the front passenger seat after the collision. The video also shows the Lamborghini racing a Corvette. The lease agreement specifies that only Rice could drive the car, potentially leading to different penalties for leaving the scene of the accident.
Originally Published 1 year ago — by KCTV 5
The Kansas City Chiefs and Royals have signed a new lease agreement with the Jackson County Sports Complex Authority, with the Chiefs set to pay $1.1 million annually for Arrowhead Stadium and the Royals to pay $2.75 million per year for Kauffman Stadium. The Royals' lease will begin in 2028 and last 40 years, with two renewal options, while the Chiefs' lease starts in 2025 and has a 25-year term with three renewal options. Both teams credited the Jackson County Sports Authority for the agreement, which includes commitments to stay in Jackson County, no tax increase, and responsibility for stadium maintenance and repair.
Originally Published 2 years ago — by Baltimore Sun
The Baltimore Orioles have included a wish list in their lease agreement for Camden Yards, which involves removing upper deck seats to create more "social spaces" and expanding certain areas of the ballpark. The team's plan includes removing left field upper deck seats, expanding the Flag Court area, and potentially removing upper deck seats behind home plate to create a bar overlooking the field. The lease agreement, approved by the Board of Public Works, allows the team to tap into up to $600 million for stadium upgrades. Other projects being considered include underground parking, a season plan member lounge and restaurant, and club level renovation.
Originally Published 2 years ago — by Camden Chat
The Baltimore Orioles have finalized a new lease with the state of Maryland, securing their place at Camden Yards for at least 15 and potentially 50 more years. The lease includes the possibility of development rights around the ballpark and provides the team with $600 million in public funds for stadium improvements. The Orioles also acquired reliever Jonathan Heasley from the Kansas City Royals.
Originally Published 2 years ago — by MLB Trade Rumors
The Baltimore Orioles and the state of Maryland have approved a new lease agreement that will keep the Orioles at Camden Yards for 30 years, pending a development plan for the surrounding area. The previous lease was set to expire at the end of the year, but the new deal ensures the team's stay in Baltimore. The agreement allows the Orioles to potentially access $600 million in taxpayer-financed bonds for stadium upgrades. Many details of the agreement have not been publicly revealed.
Originally Published 2 years ago — by MLB.com
The Baltimore Orioles have finalized a 30-year lease agreement with the State of Maryland, ensuring that they will continue to play at Camden Yards. The deal includes provisions for potential development of surrounding land and a no-relocation clause. The agreement unlocks $600 million for upgrades to the ballpark, which will be used to improve infrastructure, amenities, and audio/video systems. The Orioles' chairman expressed a desire to create a vibrant campus that benefits the city year-round.
Originally Published 2 years ago — by Baltimore Sun
The Maryland Board of Public Works and the Maryland Stadium Authority have unanimously approved a lease agreement with the Baltimore Orioles, ending a five-year negotiation just two weeks before the current lease was set to expire. The lease includes options for 15 or 30 years, with the longer term contingent on the club securing governmental approvals for a separate ground lease to redevelop the B&O Warehouse and surrounding area. While the provisions are complex and a 30-year residency at Camden Yards is not guaranteed, the agreement ensures the Orioles will remain in Baltimore for the foreseeable future.
Originally Published 2 years ago — by Camden Chat
The Maryland Stadium Authority and Board of Public Works will vote on the updated lease agreement between the Orioles and the state of Maryland today, potentially securing a lease in Baltimore for 15-30 more years. Additionally, the Orioles and Nationals have reached an agreement related to the MASN suit, settling the TV rights issue from 2012-2016. However, details on the MASN rights for 2022 and beyond are still unknown.
Originally Published 2 years ago — by Baltimore Sun
The state of Maryland and the Baltimore Orioles have tentatively agreed to extend the team's lease at Camden Yards while also working towards a 30-year deal to keep the Orioles in Baltimore. The current lease expires at the end of the year, and negotiations have been complicated by the Orioles' CEO seeking development rights for public land in the stadium area. The agreement, which still needs approval from the Maryland Stadium Authority and the Board of Public Works, would unlock $600 million in renovations for Oriole Park.
Originally Published 2 years ago — by The Baltimore Banner
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.