Update Again Again: OPACY lease officially official, done and approved, for real this time

[btdart20]

12 minutes ago, Frobby said:

Thanks.  Even so, it’s taken all year.  So, it’s not like Angelos was on the verge of a deal with Hogan and then stalled so that Moore could get the credit.  He wasn’t through haggling by a long shot.  

It might not even be that Hogan/Republicans got credit.  It could be that JA thought he could get more out of Moore/Democrats.

[Going Underground]

The thing is and I have said this before what and where is Angelo's going to build ?Already have a concept and some development between M&T and the casino. Already have run into some problems like the Paramount music hall.  Topgolf is there and someday the Warner Street Entertainment district will be hopefully more then a concept. How much more in that area and what are Angelos and friends going to build that is different? Baltimore can only support some venues. 

 

Stalled South Baltimore concert venue plans to open next year - The Baltimore Banner
https://www.thebaltimorebanner.com/economy/growth-development/paramount-concert-open-2024-TKDRW3VQPFAYRDFQF5HVCAFJT4/

Edited December 12, 2023 by Going Underground

[accinfo]

49 minutes ago, Going Underground said:

The thing is and I have said this before what and where is Angelo's going to build ?Already have a concept and some development between M&T and the casino. Already have run into some problems like the Paramount music hall.  Topgolf is there and someday the Warner Street Entertainment district will be hopefully more then a concept. How much more in that area and what are Angelos and friends going to build that is different? Baltimore can only support some venues. 

 

Stalled South Baltimore concert venue plans to open next year - The Baltimore Banner
https://www.thebaltimorebanner.com/economy/growth-development/paramount-concert-open-2024-TKDRW3VQPFAYRDFQF5HVCAFJT4/

I heard TOPGolf has been a big failure and it is being sold.

[Frobby]

1 hour ago, btdart20 said:

It might not even be that Hogan/Republicans got credit.  It could be that JA thought he could get more out of Moore/Democrats.

That’s a fair assumption.  Otherwise there’d be no reason to wait.  

[Warehouse]

Instead of a 30-year combined lease/development deal with a year 10 exit triggered by a development impasse, perhaps they could do a 10-year lease without the development rights which would be put on a separate track.  

For the core lease, a 10-year deal would be in compliance with length of lease needed to unlock the $600MM in the legislation and at parity with Ravens who added 10 new lease years in their recent extension (from year-end 2027 to year-end 2037).  The original expectations from earlier this year were for a 10-15 year lease, but then JA pushed for a longer deal as part of a “public-private partnership”.

The development deal would be fully decoupled from the core lease to address Bill Ferguson’s concerns, but a roadmap would be announced in parallel. This framework would include a commitment from the Orioles to extend by 20 years if development plans pan out.

Substantively, this isn’t much different than the draft agreement that was scuttled at the last minute.  However, it improves the deal optics on two key principles: creates parity with the Ravens deal and decouples the development deal and lease.

[drjohnnyfever1]

9 hours ago, Sports Guy said:

 

 

9 hours ago, drjohnnyfever1 said:

I'm still thinking that the reason for the hold up in this deal is that new ownership wouldn't want any kind of Angelos involvement lingering in or around the Orioles, the Park, or district surrounding the Park.  Why would someone buy knowing that these characters would be trying to exert authority over stuff so closely associated with the club.  If I'm buying, it's a hard no if this deal goes thru just because I wouldn't want to deal in any way with that family.  So, for me, the fact that this thing is lingering the way it is, just lends more credence to the sale "rumors."

My above response was to @Sports Guy's post of the retweet from Ben Palmer.  Specifically the 3rd bullet in that partial quote of the contract.

There is simply no way a buyer would be OK with that part of a long-term lease deal given what we all know about the Angelosi.  No way!  And for anyone thinking that JA wasn't pursuing a mutual backscratching deal in all this, all they need do is go back in this thread and read the links that @GoingUnderground has so diligently posted from the Sun and other sources to see.  It's pretty simple and the scum rises to the top.  He paused negotiations when things weren't going his way, to deal with someone perceived as more friendly.  He awaited a Republican appointee being replaced by a Democrat appointee.  That much has been attested to in a commentary/ op-ed article by the replaced MSA appointee.  It stunk to high-heaven when that was disclosed and even moreso when it was revealed what had been agreed to in announced agreement with the new regime.

There is no way a new owner would allow such a clause to exist when making such a purchase as this; particularly when it isn't a thing NOW.  I'm convinced we are near a deal, but that stupid agreement that seeks to enrich the family has got to go.

[interloper]

Wes better not agree to any of that nonsense. Just ridiculous. 

[Roll Tide]

5 minutes ago, interloper said:

Wes better not agree to any of that nonsense. Just ridiculous. 

Honestly he seems desperate…he looks like a fool for celebrating at the stadium prematurely 

[drjohnnyfever1]

8 minutes ago, Roll Tide said:

Honestly he seems desperate…he looks like a fool for celebrating at the stadium prematurely 

And even more so given the "99 years of control to the Camden Yards Complex."  It shocking even by today's "transparent" standards.

[Sports Guy]

17 minutes ago, interloper said:

Wes better not agree to any of that nonsense. Just ridiculous. 

He will agree to anything that’s beneficial to him and his future campaigns.

[Roll Tide]

1 minute ago, drjohnnyfever1 said:

And even more so given the "99 years of control to the Camden Yards Complex."  It shocking even by today's "transparent" standards.

Plus ..how do they get the 99 years but only a 30 year lease?

[drjohnnyfever1]

4 minutes ago, Roll Tide said:

Plus ..how do they get the 99 years but only a 30 year lease?

That's the kick back... or the back scratch... or favor...   The smell of fish hangs heavy at the Law Offices of Angelos, Angelos, Angelos, and Angelos and Governor's office is all.

[MCO'sFan]

5 hours ago, Frobby said:

Show me where he was quoted.  What sources are you talking about?

I don’t have a source. It was from back in the summer/fall when the MOU was announced. It may have been something in the banner. I probably shouldn’t have quoted but maybe attributed to him. 

[MCO'sFan]

5 hours ago, Sports Guy said:

No im saying that’s what he’s trying to do

That would be infuriating 

[Sports Guy]

Just now, MCO'sFan said:

That would be infuriating 

You just defined JA.