The Ravens' stadium namesake, M&T Bank have extended their partnership with the Ravens. At a reported 10 year-$60million deal, Ravens fans can keep getting used to going to M&T Bank stadium to see their beloved Ravens play until 2027.
The Ravens first started the deal with M&T Bank way back in 1998 at an estimated cost of $220 million. It features state-of-the-art high definition video screens, some of the greatest architecture in Baltimore and a LEED-certified "Gold" ranking, while seating 8,196 in the stands. The stadium is one the premier stadiums in all of football.
While most Ravens fans know M&T Bank for being the name of the stadium and for their awesome check cards, M&T Bank has done a lot in the community to help strengthen Baltimore and Maryland as a whole. M&T Bank President Mark Czarnecki had this to say about the contract:
M&T Bank’s partnership with the Ravens isn’t about a name on a building—it’s about combining the strengths of our two teams to build a better, stronger Baltimore
Baltimore Ravens owner Steve Bisciotti talked about the deal
Our partnership with M&T is based on shared values and has produced impact on both companies and this community. This new agreement is a natural extension of our strong relationship and mutual commitment to pursuing excellence and strengthening this region. We look forward to continuing to work with M&T and helping those in need.
One of the new components of the partnership is an initiative to establish the Judith P. Hoyer Early Child Care and Family Education Center. The Judy Center provides services to increase school readiness in at-risk children and is located in Cherry Hill in Baltimore City. The Ravens and M&T are combining for a total of $600,000 in funding for the project which should help Baltimore youth.
Other community initiatives will include 'Touchdowns for teachers' - A $1000 grant for a school based on individual teacher's involvement in the community and positive impact. 'Honor Rows' - An M&T Bank initiative to recognize 8,000 Baltimore youths per year for their volunteer work with tickets to a Ravens' home game and other special on-field honors.