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![handle is hein.sag/sagmd0025 and id is 1 raw text is: Cite as 87 Opinions of the Attorney General (2002)
[Opinion No. 02-001 (February 13, 2002)]
STADIUM AUTHORITY ) DISPOSITION OF REVENUES FROM
PERMANENT SEAT LICENSES (PSLS)
February 13, 2002
Alison L. Asti, Esquire
General Counsel
Maryland Stadium Authority
Dear Ms. Asti:
You have asked for our opinion concerning application of the State law that controls
the disposition of revenues from the sale of permanent seat licenses (PSLs) at the
Baltimore football stadium. In particular, you have asked whether PSL revenues may be
used to defray three categories of expenses claimed by the Baltimore Ravens (Ravens or
the Team). One category includes the monthly payments made by the Ravens to the
Stadium Authority for general operation and maintenance expenses of the stadium; a second
category consists of payments made by the Ravens directly to vendors for design,
construction, furnishings, and leasehold improvements to the stadium; the third category is
the share of an expansion fee paid by the new Cleveland franchise that the Ravens would
have received but that the National Football League (NFL) required the Team to waive as
a condition of its relocation to Baltimore.
In our opinion, the Team may not use PSL revenues to cover the payments required
under its lease with the Stadium Authority for operation and maintenance expenses. Nor are
the Team's own expenditures for improvements at the stadium ordinarily a permissible use
of PSL revenues. The share of the expansion fee that the Team was required to forgo is
properly characterized as a loss sustained by the Team as a result of its relocation and
therefore PSL revenues may be used to cover that loss.](ViewImageLocal?handle=hein.sag/sagmd0025&div=1&collection=&method=preview&ext=.png&size=3)