The NFL’s Baltimore Ravens are pitching a lease extension for the team at M&T Bank Stadium–perhaps are long as 25 years, as the team negotiates with the state and the Maryland Stadium Authority.
The authority and the Ravens have already discussed the broad outlines of a deal–talks that began in 2021–as funding for M&T Bank Stadium upgrades have already been allocated and approved by the pair as well as the NFL. The big issues concern specific upgrades and the terms of a new lease as well as its length: “We felt it was important to show a commitment to the community, to the city, to the state, to our fans,” said Chad Steele, the team’s senior vice president for communications, told the Baltimore Sun.
The Ravens are reportedly looking at upgrades in the lower seating bowl as well as opening parts of the stadium for better street access. The team would pay little in terms of rent but would assume maintenance and other additional costs. We could also see the Baltimore Orioles agree to a similar lease extension for Oriole Park.