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Lack of fans at Camden Yards costs Maryland millions in rent

today08/23/2021 6

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BALTIMORE (AP) — The woeful record of the Baltimore Orioles is combining with the coronavirus pandemic to cost the state millions of dollars in rent payments.

The Baltimore Sun reported Saturday that the team’s rent payments to the Maryland Stadium Authority have dropped precipitously in the last year due to low attendance and loss of ballpark-generated revenue. The Orioles paid $1.6 million in rent to the Stadium Authority in the fiscal year ending June 30. That’s 76 percent than the team’s average annual rent over its 30-year lease.

The team has the worst record in the majors and attendance is sparse. Rent money is used specifically for ballpark maintenance.

Stadium officials say they have curtailed maintenance expenses accordingly.

 

Source: AP – All contents copyright 2021 Associated Press.  All rights reserved.

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