The State Board of Public Works, composed of Governor Larry Hogan, Comptroller Peter Franchot, and Treasurer Dereck Davis, voted unanimously this week to approve a new lease for the state-owned M&T Bank Stadium, home of the Baltimore Ravens. Manis Canning & Associates is proud to represent the Baltimore Ravens and work with them as they enhance the stadium experience and connect with the surrounding area.
The new lease will keep the Ravens playing in Baltimore for the next 15 to 25 years. As part of the arrangement, the Ravens will pay no rent, but must pay for ongoing operations and maintenance at the stadium, which amounted to $11 million in 2022, according to state officials.
From a Baltimore Banner article, “We’re really excited,” Ravens President Sashi Brown told reporters after the vote at the State House in Annapolis. “Ownership — Steve Bisciotti, right through the organization — is really committed to Maryland as a whole and Baltimore. M&T has been a great home for us and it’s going to continue to be for the next 15 years.”
Now that the lease is secured, planning can move forward on improvements to the stadium. A Baltimore Sun article describes the enhancements that may be considered.
Options being considered include new field-level vantage points and social spaces, and excavation of a service level beneath the stands so it rings the stadium instead of stopping partway around. The lowest level is used mostly for stadium operations, but it could soon be also used to provide a twist on the usual fan experience.
…The team also hopes to use the new funding to better connect the stadium to nearby Horseshoe Baltimore Casino and Topgolf Baltimore driving range. They’re south of the stadium in an area being transformed from a mostly industrial corridor to an entertainment district. Among the possibilities for the Ravens is creating a plaza with activities that would greet fans coming from the casino and parking lot.
Baltimore Sun article on Ravens lease approval
