M&T Bank Stadium will soon undergo its most substantial makeover since it opened in 1998.
Equipped with a large fund of state dollars, the Ravens and the Maryland Stadium Authority unveiled plans Tuesday to renovate the 71,008-seat venue. Some improvements will be finished by August 2024, ahead of the start of next year’s regular season, while others are scheduled to be completed ahead of the 2025 and 2026 campaigns. By the end, three plazas with bars and retail stores will surround the stadium and greet fans on game days, the upper concourses will be expanded by several thousand square feet to decrease foot traffic, and premium seating will be added next to the field and above the lower level, where the press box currently sits.
The renovations will cost the state at least $430 million over the three years.
That money comes from a 2022 law passed by the General Assembly and then-Gov. Larry Hogan, which permitted the stadium authority to issue $600 million in bonds for improvements to each of Baltimore’s two pro sports stadiums, provided the Orioles and Ravens, which operate as tenants of the state, signed long-term leases. By agreeing in January to a lease until at least 2037, the Ravens unlocked their share of those state funds and have worked with the stadium authority as well as Gensler, an architecture firm, and Gilbane, a construction company, on those plans.
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