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

[Roll Tide]

3 hours ago, Warehouse said:

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.

I wouldn’t do a 10 year lease. The Orioles are too unstable imo

[Can_of_corn]

Just now, Roll Tide said:

I wouldn’t do a 10 year lease. The Orioles are too unstable imo

I wouldn't have done the 600M, I certainly won't sweeten the pot on top that deal.

[survivedc]

7 hours ago, Moshagge3 said:

It's really quite embarrassing that the Ravens have renderings of stadium improvements ready to go while JA continues to crusade for the right to use all the money on a roller coaster and a Pinkberry outside the park. 

A Pinkberry WOULD crush though.

[Billy F-Face3]

This is just like what an old European leader does before declaring war. He makes a bunch of impossible demands that no other leadership worth their weight would ever agree (appeasement) to, and if he doesn't get his way, the moves.

This might be Angelos's entire strategy.  The Stadium Authority should tell him to go fly a kite. I doubt Nashville would even give that.

[TradeAngelos]

17 hours ago, Roll Tide said:

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

Exactly the position Johnny wanted to put him in, which makes it more likely he caves. Moore got played. 

[Pickles]

16 minutes ago, TradeAngelos said:

Exactly the position Johnny wanted to put him in, which makes it more likely he caves. Moore got played. 

Imagine being so stupid you got played by John Angelos.  

[Sports Guy]

1 hour ago, TradeAngelos said:

Exactly the position Johnny wanted to put him in, which makes it more likely he caves. Moore got played. 

Remember, if they give the Os more money, they have to give it to the Ravens too.

It ain’t happening.

This deal is for improvements to the ballpark. It is not a city revitalization deal. If the state wants to pour money into that and Angelos wants to figure out a way to weasel into that, fine…but it has absolutely zero to do with this.  It’s so obvious what he’s doing and what he’s trying to do. 

[Oriolesfan1988]

5 minutes ago, Sports Guy said:

Remember, if they give the Os more money, they have to give it to the Ravens too.

It ain’t happening.

This deal is for improvements to the ballpark. It is not a city revitalization deal. If the state wants to pour money into that and Angelos wants to figure out a way to weasel into that, fine…but it has absolutely zero to do with this.  It’s so obvious what he’s doing and what he’s trying to do. 

I mean at this point both parties are going to have egg on their face. But kudos for Legislature for having a backbone to call out bad deal this is.

[accinfo]

Governor is confident a deal will be reached by the end of the year he said today.  

https://www.thebaltimorebanner.com/politics-power/state-government/moore-confident-orioles-lease-K7CALM3BGZE6BFOWS33IR5MMYQ/?schk=<< Test Subscribed >>&rchk=<< Test Registered >>&utm_source=The+Baltimore+Banner&utm_campaign=40da1b509d-NL_ALRT_20231213_1200&utm_medium=email&utm_term=0_-40da1b509d-[LIST_EMAIL_ID]&mc_cid=40da1b509d&mc_eid=c989887d3a

[SteveA]

1 hour ago, Pickles said:

Imagine being so stupid you got played by John Angelos.  

You mean like all of us when we cheered the announcement on the scoreboard on clinching night?

[SteveA]

49 minutes ago, Oriolesfan1988 said:

I mean at this point both parties are going to have egg on their face. But kudos for Legislature for having a backbone to call out bad deal this is.

But Angelos doesn't care about egg on his face, only about his bottom line.

Politicians care about their reputation, but Angelos doesn't.

[Oriolesfan1988]

2 minutes ago, SteveA said:

But Angelos doesn't care about egg on his face, only about his bottom line.

Politicians care about their reputation, but Angelos doesn't.

Doubt any of them really care about angelos getting boxed in. It's clear MLB won't let O's move. And john is trying to present a situation where he has no strength. At this point its a big game of chicken.

[Sports Guy]

34 minutes ago, accinfo said:

Governor is confident a deal will be reached by the end of the year he said today.  

https://www.thebaltimorebanner.com/politics-power/state-government/moore-confident-orioles-lease-K7CALM3BGZE6BFOWS33IR5MMYQ/?schk=<< Test Subscribed >>&rchk=<< Test Registered >>&utm_source=The+Baltimore+Banner&utm_campaign=40da1b509d-NL_ALRT_20231213_1200&utm_medium=email&utm_term=0_-40da1b509d-[LIST_EMAIL_ID]&mc_cid=40da1b509d&mc_eid=c989887d3a

 

[Sports Guy]

 

[DenaOsHon]

Moore sounds irritated. What a disaster this has become for both Moore and JA.