While your information is correct, there's more information that seems pertinent, and probably demonstrates the conclusion to be an over-reach.
The holding company is owned by one man, Ken Young... who, yes, has a strong professional association with the Norfolk area, but Baltimore is but one of several cities in which he has held business interests. His background is as a food service executive, and he's been affiliated with related ventures in Kentucky, Florida, Louisiana, and Texas. Notably, too, he not only owns the Bowie, Frederick and Norfolk franchises, but also the Brewers' affiliate in Biloxi, MS and the Rockies' affiliate in Albuquerque, NM. In 2011, he was reported to have put the Keys up for sale. While he did have some specific Orioles-related ventures at one time connected to his food service business, the same could be said for the Astros at one time as well.