Angelos wanted two year lease extension

[gtman55]

Bisciotti took his 600 mil with no fuss, no muss. If Angelos needs $300M more there's a simple solution. Sign the lease, take the 600M from the State of Maryland and invest another 300M from your own pocket. Simple.

[sevastras]

2 hours ago, baloriole4 said:

John would have a hard time ever running to be a US Senator when all of the cocaine stories come out 

You must not pay much attention to politics. 

[waroriole]

6 hours ago, Gurgi said:

How often do teams actually move when the fans are still supporting the club?  If he really wanted to move the best bet would be to tank the team and never make it better till no one shows up at the park and he can cry no support.

That sounds like a good movie. 

[Going Underground]

1 hour ago, gtman55 said:

Bisciotti took his 600 mil with no fuss, no muss. If Angelos needs $300M more there's a simple solution. Sign the lease, take the 600M from the State of Maryland and invest another 300M from your own pocket. Simple.

Truist Park was funded with both team and public funds. The Battery was almost all private funding.  Is  John Angelos going to contribute $300 million for the stadium and get all private funding for his Camden Crossing development? Fine by me but don't think so.

 

The Braves estimated the ballpark cost approximately $722 million to build with $330 coming from the team and $392 million from Cobb County, the Cumberland Improvement District and the Exhibit Hall Authority. While the Braves pay $6.1 million annually in rent to the county, much of the debt service falls on taxpayers 

 

Also please stop with the joint press releases from the Governor and John Angelos. 

Edited August 11, 2023 by Going Underground

[Going Underground]

The 2022 bill received support from Orioles representatives, including Greg Bader, the club’s senior vice president of administration and experience, at the time.

Bader, speaking on behalf of “the entire Orioles organization” during a 2022 committee hearing about the bill, said the organization was “fully supportive” of the effort. “We deeply value our ongoing partnership with the MSA and look forward to keeping that partnership going for many years to come,” Bader said during testimony.

Later that year, Angelos told the stadium authority the Orioles were preparing a term sheet. When one didn’t arrive to the stadium authority in a week, Mike Frenz, the executive vice president of the MSA, reached out to the Orioles again, the source said. That time, Bader said a term sheet would arrive the next week.

A term sheet from the Orioles never arrived, the source said.

Angelos’ efforts to expand the lease to include development began more formally during a meeting facilitated by the Maryland Stadium Authority on Feb. 1, less than a month after Moore’s inauguration — on the same day the Orioles opted not to extend their current lease by five years. It included representatives from the Orioles and Ravens, as well as the developers of the ongoing Warner Street corridor, the Downtown Partnership of Baltimore and the Greater Baltimore Committee.

But Angelos did not attend that meeting, a source said. Bader attended instead.

[MCO'sFan]

8 hours ago, Billy F-Face3 said:

I don't think you should be minimizing the financial politics of a bunch of greedy business who's interests are to make money. It's pretty obvious that a few of those owners would all but be guaranteed in favor to vote to move the Orioles out of Baltimore because it gives them a bigger market, especially the Nationals and probably the Phillies. So right there/, you're already starting with a handicap against keeping the team in Baltimore.

Agree to disagree. It would take a recommendation from the relocation council and 23 teams to vote to move them. Moving a MLB team is extremely rare and difficult. Moving a team like the O’s is even more rare or near impossible. They are an established team in a good baseball market with a great stadium and solid fan support. There is NO WAY (IMHO) that MLB approves any move, period, end of discussion. 

Edited August 11, 2023 by MCO'sFan

[Orioles0615]

9 hours ago, foxfield said:

I just don’t see how John Angelo’s has any leverage. MLB isn’t going to let him move. Not now, not ever. 
 

if this crashes and burns MLB will have to get involved. 

Mlb getting involved seems like best case at this point

[schittenden]

I get what he wants to do. And entertainment District around the parks would be fantastic. But the fact is, the land isn’t there, the rail tunnel is problematic, and I suspect he’s being greedy about how it’s all paid for, and the revenues are divided.

[Going Underground]

6 minutes ago, schittenden said:

I get what he wants to do. And entertainment District around the parks would be fantastic. But the fact is, the land isn’t there, the rail tunnel is problematic, and I suspect he’s being greedy about how it’s all paid for, and the revenues are divided.

But there is already a plan around the stadiums  It is called the Warner Entertainment District. From Horseshoe Casino to M&T Bank stadium  The concert hall has hit a snag but hopefully will start finishing  up soon. Topgolf is done with more building planned. When they renamed the District the Walk ,Governor, Mayor,Business leaders and representatives from the Ravens were there. I did not see anyone from the Orioles there. Looks like John Angelos wants to do his own thing and I don't think both projects if separate would be profitable or economically feasible.

[Going Underground]

2 minutes ago, Going Underground said:

But there is already a plan around the stadiums  It is called the Warner Entertainment District. From Horseshoe Casino to M&T Bank stadium  The concert hall has hit a snag but hopefully will start finishing  up soon. Topgolf is done with more building planned. When they renamed the District the Walk ,Governor, Mayor,Business leaders and representatives from the Ravens were there. I did not see anyone from the Orioles there. Looks like John Angelos wants to do his own thing and I don't think both projects if separate would be profitable or economically feasible.

https://www.cbsnews.com/baltimore/news/abundance-of-entertainment-dining-coming-to-baltimores-newly-named-walk-warner-street/

[drjohnnyfever1]

What's interesting from what I've read above is that the Ravens have a contract clause for parking in that immediate area that cuts a lot of that desired land out just for that reason.  Maybe some kind of garage takes the place of that portion saving some space, but with tunnels and rail lines all over the place down there, it's gonna be tough.  But I see what they're trying to do.

My wife is from Mass and they are doing this around Foxboro.  We meet friends there when we visit in the summer because it's central for both of us.  They are constantly developing around there - nice restaurants, sports bars, some activities, I think they even put a movie theater in.  Anyway, constant development.

My money is on something happening with Harborplace and any available land west of there up to the stadium.  The city owned hotel that sits in the center field view loses money every year, or at least was, but it has been some time since I've seen anything on it.  A new convention center has even been floated in the past.  Complication lies to the west, opportunity lies- present opportunity, with all the Harborplace land up for redevelopment, to the east.

I would imagine anything JA desires for the land of the Ravens lots could be transferred east.  And having any interest on anything on the water would seem far more lucrative.

[Can_of_corn]

Doesn't the Ravens deal contain language that anything additional the Orioles get, the Ravens get?  So an extra 300M is actually an additional 600M.

[SemperFi]

The Orioles are not relocating for four main reasons:

-expansion is coming and owners will maximize entry fees not cut into them by allowing the Orioles to relocate

-MLB has made it clear they want the Orioles in Baltimore

-the Angelos family is a pariah in MLB circles, MLB will do them no favors especially after offering to "open the books" one of MLB's greatest fears.  MASN litigation, PA and unions.........  

-MLB's most fervent desire for the franchise is that the  PA plays out, the Angelos family sells and disappears.  Allowing them to relocate likely means continued Angelos ownership.

-most importantly the Orioles debt is almost certainly held by MLB which means MLB controls the Orioles destiny.  MLB holds varying levels of debt for all but two franchises, averaging $125m per team-if JA were to have his debt or a portion of it called he would be in a world of hurt. 

 

[TradeAngelos]

1 hour ago, drjohnnyfever1 said:

What's interesting from what I've read above is that the Ravens have a contract clause for parking in that immediate area that cuts a lot of that desired land out just for that reason.  Maybe some kind of garage takes the place of that portion saving some space, but with tunnels and rail lines all over the place down there, it's gonna be tough.  But I see what they're trying to do.

My wife is from Mass and they are doing this around Foxboro.  We meet friends there when we visit in the summer because it's central for both of us.  They are constantly developing around there - nice restaurants, sports bars, some activities, I think they even put a movie theater in.  Anyway, constant development.

My money is on something happening with Harborplace and any available land west of there up to the stadium.  The city owned hotel that sits in the center field view loses money every year, or at least was, but it has been some time since I've seen anything on it.  A new convention center has even been floated in the past.  Complication lies to the west, opportunity lies- present opportunity, with all the Harborplace land up for redevelopment, to the east.

I would imagine anything JA desires for the land of the Ravens lots could be transferred east.  And having any interest on anything on the water would seem far more lucrative.

Yeah Foxboro is in the middle of f'ing nowhere. Lots of land to redevelop. Where is this vast land west of Harborplace you speak of? And this vast land to the east that the Ravens interests can be "transferred" to? LOL. 

[glenn__davis]

2 hours ago, schittenden said:

I get what he wants to do. And entertainment District around the parks would be fantastic. But the fact is, the land isn’t there, the rail tunnel is problematic, and I suspect he’s being greedy about how it’s all paid for, and the revenues are divided.

Yeah like I said earlier, I think he wants this to be his thing.  His way to leave his mark, prove himself, step out of the shadow, whatever cliche you want to use.  But it's just not feasible.  So how far is he going to be willing to double down?