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Officials approve 15-year lease to keep Ravens at M&T Bank Stadium

The Board of Public Works voted unanimously on a 15-year lease for the Baltimore Ravens at M&T Bank Stadium.

Under the terms of the deal, the Ravens will pay no rent but will pay operations and maintenance costs for the stadium.

The team may not relocate and must play all home games with limited exceptions at the stadium.

The current lease expires at the end of 2027, and this new lease is in anticipation of future improvements to the stadium.