Venue Detail
Baltimore Orioles
Revenues From Sports Venues Pro Facilities Report
February, 2011
Baltimore Orioles
|
333 W Camden St Baltimore, MD 21201-2435 Phone: 410-685-9800 Fax: 410-547-6272 URL: www.theorioles.com
Owner
Peter Angelos
League
Major League Baseball American League, Eastern
Venue
Oriole Park at Camden Yards, 555 Russell St Ste A, Baltimore, MD 21230-2404 Owner: State of Maryland Managed by: Maryland Stadium Authority Built: 1992 Capacity: 48,268 Permanent concession stands: 34 Concessionaire: Sportservice Suite caterer: Sportservice Soft drink: Coca Cola Beer: Multiple
Building sponsors
Clubs/Restaurants: Yes
Ticket prices
Season tickets range from $729 to $3,645 Single tickets range from $8.00 to $45.00
Attendance
2007 average attendance: 27,060 2008 average attendance: 25,001 2009 average attendance: 23,545
Luxury Suites
Quantity: 75 Term: 3 to 3 years Price: $90,000 to $280,000 Seats: 10 to 36 Includes: Tickets, parking.
Club seats
Quantity: 4,000 Term: 1 to 1 years Price: $2,673 to $2,835 Includes: Tickets, in-seat wait staff, private restaurant.
Financing
Oriole Park at Camden Yards was built at a cost of $210 million by the State of Maryland and the City of Baltimore. It was paid for by the state lottery (approximately $50 million) and tax-exempt bonds (approximately $155 million). The team invested $9 million. Pct. public: 96
When the Orioles were sold at auction in 1993, the ballpark lease was cited as the largest single asset in the deal. Peter Angelos, eventual buyer of the O's, leases the facility from the State of Maryland and the City of Baltimore. The team does not sell signs individually, but its promotion packages start at $100,000.
Party suites lease for $2,800 to $4,800 per game depending upon the opponent and the demand. The suites seat 75 persons.
In 2001, the Maryland Stadium Authority won the right to earn money from events held at Oriole Park at Camden Yards, but lost a bid to delay paying $10 million into a ballpark improvement fund. The ruling by an arbitrator was to clarify an earlier arbitration decision.
The original dispute was raised by the Orioles who sought parity with the Ravens in their lease agreement with the Stadium Authority. The division of money from non-baseball events was one of the issues. The Stadium Authority gets revenues from events held within the ballpark's interior while the Ravens and Authority split funds from events like concerts that are held in the bowl. The Authority wanted to extend that deal to the Orioles, but the ball team wanted to divide revenue for all events held at the stadium. Arbitrators sided with the Authority. (Baseball, Facilities, Financial, MLBVenueReport, Professional Sports)