With the newly approved long-term lease, the Maryland Stadium Authority (MSA) and the Baltimore Ravens look forward to collaborating on game changing upgrades to M&T Bank Stadium so that it remains a best-in-class facility in terms of safety, amenities, and fan experience.
On this page, the ‘Doing Business’ and 'Events' tabs of the MSA website, MSA and the team will share the next steps for the projects contemplated in the lease that may be afforded by the HB 896 (2022) Maryland Stadium Authority - Increase of Bond Authorization - Camden Yards legislation.
HB896 (2022) increased the cap on Camden Yards Sports Complex debt from $235 million to $1.2 billion ($600 million each for Oriole Park and M&T Bank Stadium), increased the cap on monies for debt service transferred from lottery funds to $90 million from $20 million, and stipulated that the term of any bonds issued could not exceed the term of the team lease where the money is to be spent. This offers a significant incentive for the teams to renew or extend their leases and remain in Baltimore, and provides the opportunity to expand the economic impact of games and other activities at the stadiums.
We believe the projects that are ultimately selected will elevate the gameday experience, expand year-round entertainment use, extend the life of the stadium, and create economic development opportunities for many years to come.
Philip Hutson, CCM, LEED AP, Associate Vice President of Capital Projects and Planning
Kelly Smulovitz, P.E., CCM, LEED AP Project Manager of Capital Projects and Planning