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Smaller crowds at O’s games hurting stadium authority’s bottom line

Revenue declining at MSA

Lower attendance at Orioles games hurting authority’s bottom line

Daily Record, by LIZ FARMER

Times may be tight, but the state agency that oversees many of Maryland’s entertainment and sporting facilities believes it can make up the difference by continuing to attract more high-profile events to Baltimore.

The Maryland Stadium Authority, which manages Camden Yards and M&T Bank Stadium, will likely be getting roughly the same operating budget from the state for fiscal 2011 as it did this year, save a $15.7 million reduction from non-budgeted funds that was for one-time capital expenditures this fiscal year. The state money goes toward debt service on facilities.


Posted by: Sammy on 03/09/10 at 06:57 AM
    Page 1 of 1 pages
  • 1. · MSA is a waste of taxpayers dollars and should be ABOLISHED!

    Why should taxpayers be funding an agency whose primary purpose is to promote and manage stadiums?

    Like any other business enterprise, this be the responsibility of the stadium owners and investors!!

    Maryland taxpayers are paying some of the highest taxes in the nation and abolishing the MSA would be a step in the right direction.

    Comment by cheryl  on  03/09/10  at  07:38 AM | [Back to Top] | [Back to Main]
  • 2. ·
    this be the responsibility


    "this SHOULD be the responsibility..."

    Comment by cheryl  on  03/09/10  at  07:39 AM | [Back to Top] | [Back to Main]
  • 3. · Here's the quote:

    As a result, the stadium authority was able to pay $2 million to the state in rent, which the agency does when it has a revenue surplus after its budgeted expenses.

    “This is only the fourth time in 24 years that the Maryland Stadium Authority has been able to pay cash rent,” said Morton. “We hope that as we generate additional funds in future activities we’ll be able to do this again in years to come.”


    So over 24 years of existence, the stadium authority has been profitable for 4.

    Anyone still think publicly funded stadiums are great for the community????

    Comment by shadowdiver  on  03/09/10  at  11:51 AM | [Back to Top] | [Back to Main]
    • Page 1 of 1 pages

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