In a recent memo to front office employees, Baltimore Orioles chairman and CEO John Angelos said he looks forward to signing a new lease with the Maryland Stadium Authority, keeping the team at Camden Yards, according to the Baltimore Sun. "As a lifelong Baltimorean I very much look forward to signing on behalf of the Club," Angelos said in the memo dated Sept. 1.

(Angelos) said in the memo that the lease would be part of a broader "memorandum of understanding" underscoring the team's "special relationship with the State of Maryland and the Greater Baltimore area" and highlighting "our philosophy of what true private-public partnership should be about."

The memo refers to long-term goals such as "redeveloping the Camden Yards Sports Complex into a year-round Live/Work/Play entertainment destination" that could boost the city's economic fortunes. The city, state, Orioles and Ravens are all involved in the redevelopment of the area around the stadiums and Horseshoe Casino.