In a press release shared on Tuesday, the public-private partnership supports up to $120 million in investments at the Under Armour Performance Center, the Ravens’ year-round headquarters and training facility. The agreement is designed to retain the franchise as a major local employer, support hundreds of jobs and protect millions of dollars in annual state and local tax revenue.
The Ravens will provide up to $70 million toward the project, while Baltimore County has committed up to $25 million over 10 years, pending approval from the Baltimore County Council. The county and the team have also requested up to $25 million from the Maryland Department of Commerce through existing economic development programs.
The agreement includes $2 million in community benefits and calls for the Ravens to partner with Baltimore County on five community events or activations each year.
A lease extension is scheduled to begin Aug. 1, 2028. Renewal options could allow the Ravens to remain in Owings Mills for up to 40 additional years, aligning the headquarters agreement with the team’s lease at M&T Bank Stadium.
“The Ravens aren’t just our football team, they are our neighbors,” Baltimore County Executive Kathy Klausmeier said. “This agreement builds on a partnership that has made Baltimore County stronger for nearly three decades.”
The Baltimore Ravens will remain headquartered in Baltimore County for decades under a new long-term agreement that includes plans to modernize and expand the team’s training facility in Owings Mills.
Source: Ravens Reach Long-Term Deal to Keep Headquarters in Baltimore County
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