What will happen to possible development near Camden Yards in the wake of the Orioles sale?

What will happen to possible development near Camden Yards in the wake of the Orioles sale?

 During Tuesday’s Maryland Stadium Authority monthly board meeting, staffers discussed school construction projects. They chatted about an internal audit. They approved a $175,000 contract for on-call painting services at the Camden Yards complex.

Board members did not, however, talk at length about the news that’s dominated the minds of Baltimore sports fans for a week: The Orioles, the stadium authority’s tenants, are being sold.

That’s because, despite the huge change for the ballclub — which will have new owners for the first time in three decades, the bulk of the stadium authority’s existence — the Orioles’ standing with the authority remains unchanged. As agreed to in December, the team has a lease committing it to Baltimore for at least 15 years and perhaps more than 30. That remains in place, regardless of the owner.

The Angelos family, as reported last week, agreed to sell its controlling stake in the team to a group led by Baltimore native David Rubenstein, the billionaire founder of the Carlyle Group. The transaction is awaiting approval from MLB’s owners.

“There’s been some news recently, regarding the Orioles, and wanted to send a congratulations to the new ownership group who are investing in the Orioles,” stadium authority board Chair Craig Thompson said, closing Tuesday’s hour-long meeting.

Aside from that, it was business as usual for the authority. More than the switch in Orioles’ ownership, staff and board members discussed HVAC repairs at Camden Yards and furniture additions to M&T Bank Stadium, the home of the NFL’s Ravens.

The change means that it will soon be Rubenstein, not Angelos, who makes decisions on behalf of the Orioles.

Angelos and the state previously expressed mutual interest in the Orioles developing state-owned land around Camden Yards — including the historic B&O Warehouse — envisioning a year-round entertainment district. It will now be Rubenstein and his ownership group that decides how they wish to approach that development. The Orioles, regardless of owner, have the exclusive rights to reach a land deal with the state by December 2027.

Thompson has not yet spoken to Rubenstein and it’s unknown if Rubenstein would be interested in developing the area. But in a statement last week on the sale, Rubenstein noted that the “impact of the Orioles extends far beyond the baseball diamond.”

“The opportunity for the team to catalyze development around Camden Yards and in downtown Baltimore will provide generations of fans with lifelong memories and create additional economic opportunities for our community,” Rubenstein stated.

Through a spokesperson, Rubenstein declined to comment further until MLB’s owners approve the deal, which valued the club and its assets at $1.725 billion.

Though it’s not clear if Rubenstein would seek a land deal, experts say doing so would simply make sense — and dollars — for any astute, money-making owner.

“I don’t see why Rubenstein wouldn’t be interested in the development rights,” said Michael Friedman, a University of Maryland kinesiology lecturer who wrote the 2023 book, “Mallparks: Baseball Stadiums and the Culture of Consumption.”

A “mallpark” is a portmanteau of a shopping mall, theme park and ballpark. Friedman considers Camden Yards to be the first of its kind — a stadium that is more than simply a vehicle to watch a ballgame. While the concept was formed decades ago, it’s grown into a new beast in recent years, with many stadiums now boasting surrounding entertainment districts.

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