The Maryland Stadium Authority is seeking state legislative approval to borrow up to $1.2 billion to pay for upgrades at the stadium homes of the Ravens and Orioles so the clubs won’t need new pricey new venues in the foreseeable future.
As lease talks continue with both clubs, the authority said its request is designed to demonstrate the state’s commitment to keeping the NFL’s Ravens and Major League Baseball’s Orioles in Baltimore.
“The longer we can extend the life of these stadiums, the better it is for Baltimore City, Maryland and the teams, and that’s part of the goal here,” Thomas Kelso, the authority’s chairman, told The Baltimore Sun.
Click here to read the rest of the article written by Jeff Barker over at The Baltimore Sun
