[2] After continuing financial struggles that impacted the team in a range of ways including equipment availability, Teck and Gertner sold the Bandits to a group of local backers led by Michael A. Caggiano, the former owner of the Prince William Cannons.

[7] This time it centered around developing a new arena in order to enable the team to stay in the Baltimore area.

On October 1, 1996, Caggiano put forth an initial plan for the County Coliseum, a $42 million 10,000 seat arena to be built just south of Baltimore in Lansdowne, Maryland.

[8] Later that week, Baltimore Mayor Kurt Schmoke announced plans for a $100 to $200 million arena near Camden Yards in the hopes of also attracting a National Basketball Association franchise.

[10] While Caggiano continued to try to find financing the Coliseum, attendance for Bandits games dropped to second to last in the AHL.

[12] As the season ended, a group led by Cincinnati businessman Jerry Robinson purchased the team for $2 million.

[7] The team's last game in Baltimore was a 4–2 loss to the Philadelphia Phantoms during the first round of the AHL playoffs in front of 1,031 attendees.