Orioles intend to sign lease

[Going Underground]

Good news 

Orioles intend to sign new lease committing team to remaining in Baltimore, document says – Baltimore Sun
https://www.baltimoresun.com/sports/orioles/bs-sp-orioles-baltimore-lease-20220930-tevxidamtjhhxpqkrgow6xelze-story.html

[Going Underground]

The memo refers to long-term goals such as “redeveloping the Camden Yards Sports Complex into a year-round Live/Work/Play entertainment destination” that could boost the city’s economic fortunes. The city, state, Orioles and Ravens are all involved in the redevelopment of the area around the stadiums and Horseshoe Casino.

Locking the team into a new lease could depress the price if the family ultimately decided to sell. But a new lease is critical to binding the Orioles to Baltimore. The current agreement contains a clause barring “the relocation of the Baltimore Orioles Major League Baseball Team from Baltimore, Maryland.”

[Pickles]

I like the doubling down of the "investment" in Camden.  The stadium was supposed to bring a massive economic boon to the city.  It didn't.  No problem.  Just spend more money and make the stadium a "year round live/work/play/entertainment destination."  That will solve it.

[Roll Tide]

Was just going to post it! This is great news! Hopefully it’s a 30 year with some promise to keep updating Camden! 
 

Guess Lou was making stuff up!

[Can_of_corn]

It's good news certainly but there is nothing actually binding going on right now right?

[Pickles]

This is of course good news.  However, I never believed any of the relocation talk anyway, so I file it under wholly expected.

[Orioles Jim]

While I have been to Nashville twice this year and loved it…

I also just moved within walking distance of OPACY and am staring at it right now from my home office as I make this post…

So yes, I wasn’t terribly worried, but this is obviously welcome news.

[Going Underground]

Just now, Pickles said:

I like the doubling down of the "investment" in Camden.  The stadium was supposed to bring a massive economic boon to the city.  It didn't.  No problem.  Just spend more money and make the stadium a "year round live/work/play/entertainment destination."  That will solve it.

TopGolf is opening the end of the month or early next month near the Horseshoe. Paramount Baltimore,owned by Caesars and a concert venue in Long Island is due to open in the spring. Hammerjacks was supposed to be a concert hall also but is now mostly a tailgate place, that had a few outdoor concerts in the summer. Caesars will build a casino hotel. Also some residents, sports b ar and retail are planned.

[Going Underground]

6 minutes ago, Roll Tide said:

Was just going to post it! This is great news! Hopefully it’s a 30 year with some promise to keep updating Camden! 
 

Guess Lou was making stuff up!

$500 million is a nice incentive to come from the state .

[Pickles]

2 minutes ago, Going Underground said:

TopGolf is opening the end of the month or early next month near the Horseshoe. Paramount Baltimore,owned by Caesars and a concert venue in Long Island is due to open in the spring. Hammerjacks was supposed to be a concert hall also but is now mostly a tailgate place, that had a few outdoor concerts in the summer. Caesars will build a casino hotel. Also some residents, sports b ar and retail are planned.

And yet the city gets worse every year.

[Going Underground]

6 minutes ago, Can_of_corn said:

It's good news certainly but there is nothing actually binding going on right now right?

No,but a leaked memo from the Orioles looks almost definitive. 

[Roll Tide]

Yeah… I can’t read the actual article as I have 0 interest in paying the Chicago Tribune … I mean the Sun $19.99 per month for their crappy product.

 

 

 

[Going Underground]

1 minute ago, Pickles said:

And yet the city gets worse every year.

Unfortunately the city is building up around the casino, Port Covington,Locust Point and Woodberry but other parts are like a third world country. 

[Roll Tide]

11 minutes ago, Can_of_corn said:

It's good news certainly but there is nothing actually binding going on right now right?

I’m sure the stadium authority will announce it once signed.

[Sports Guy]

Obviously