February 2nd, 2023 by WCBC Radio

WBAL reports the Baltimore Orioles and Gov. Wes Moore announced an agreement to create a long-term, public-private partnership to revitalize Oriole Park at Camden Yards.

Moore and Orioles Chairman and CEO John Angelos released a joint statement. Both said they looked forward to the investment.

"When Camden Yards opened 30 years ago, the Baltimore Orioles revolutionized baseball and set the bar for the fan experience," Moore said in a statement. "We share the commitment of the Orioles organization to ensuring that the team is playing in a world-class facility at Camden Yards for decades to come and are excited to advance our public-private partnership. We look forward to writing the next chapter of Major League Baseball in Maryland as we continue to make magic for fans and meaningful investment for communities across our state."

Oriole Park at Camden Yards opened in 1992. The ballpark has hosted more than 2,500 events and generated more than $10 billion in economic impact for the city and state. 

"I am looking forward to continuing to collaborate with Gov. Moore, his administration and the Maryland Stadium Authority in order to bring to Baltimore the modern, sustainable and electrifying sports and entertainment destination the state of Maryland deserves," Angelos said in a statement. "We greatly appreciate Gov. Moore's vision and commitment as we seize the tremendous opportunity to redefine the paradigm of what a Major League Baseball venue represents and thereby revitalize downtown Baltimore. It is my hope and expectation that, together with Gov. Moore and the new members and new chairman of the MSA board, we can again fully realize the potential of Camden Yards to serve as a catalyst for Baltimore's second renaissance."

The Orioles current lease at Camden Yards is set to expire on Dec. 31.