BALTIMORE -- The Ravens will be remaining in Baltimore for the foreseeable future.
The Ravens' new stadium lease was approved by the Maryland Board of Public Works on Thursday morning, which keeps the team in Baltimore through at least the 2037 season.
"We are excited that M&T Bank will be the home to the Ravens for at least the next 15 seasons," Ravens president Sashi Brown said.
The current lease was set to expire at the end of the 2027 season.
Under the terms of the deal, the Ravens will pay no rent but will pay operations and maintenance costs for the stadium.