Ravens Sign Long-Term Lease to Stay in Baltimore

The Ravens recently signed a new 15-year lease at M&T Bank Stadium.

OWINGS MILLS, Md. — Many people from Baltimore still wear the scars of the Colts fleeing town almost four decades ago.'

They don't need to have those same fears with the Ravens, who recently signed a new 15-year lease at M&T Bank Stadium. The deal was approved by the Maryland Board of Public Works, according to to WBAL

The new deal runs through 2037 and can be extended up to 2047 with two 5-year renewal options. The team's current lease was set to expire at the end of 2027.

The @Ravens could struggle to match the firepower of the Bengals, who are seeking their second straight AFC North title.
The Ravens are aiming for a season sweep of the Bengals for the third time in the past four seasons.#RavensFock https://t.co/FlmdwrJwmQ

— Todd Karpovich (@toddkarpovich) January 4, 2023

Under the terms of the lease, the Ravens don't have to pay rent to play at the stadium but they do have to pay operations and maintenance costs for the stadium.

The franchise cannot relocate to another city under the agreement. The Ravens must also play all home games with limited exceptions at the M&T Bank Stadium

M&T Bank Stadium was completed in 1998 at an estimated cost of $220 million. The stadium has 128 suites and 8,196 club seats. 

HOK architects designed both Oriole Park at Camden Yards and the Ravens' home. The latter was completed in less than two years and funded through a combination of proceeds generated from the sale of tax-exempt revenue bonds, debt service paid by lottery proceeds and the Ravens.

Stadium Facts

• M&T Bank Stadium is 185 ft. high, which is 35 ft. above Oriole Park.
• The 2 RavensVision video screens, located in each end zone, generate 16 million colors and at peak output consume up to 80,000 watts of electricity.
• M&T Bank Stadium has featured other events: The NCAA Men's Lacrosse Championship (2010, 2011, 2014), The U2 Concert (2011), The Men's Lacrosse Face-Off Classic (2010,2011,2012), Monster Jam, the Tottenham vs. Liverpool friendly (2012), the CONCACAF Gold Cup Quarterfinals (2013, 2015), The Jay-Z and Justin Timberlake concert (2013) the Jay-Z and Beyoncé concert (2014), and the Billy Joel concert (2015).
• The Baltimore Ravens, in partnership with the Maryland Stadium Authority (MSA), have earned a LEED-certified "Gold" designation for M&T Bank Stadium from the U.S. Green Building Council (USGBC) making it the first existing outdoor professional sports facility in the United States to receive USGBC's Gold rating. — Baltimore Ravens.