• Loading stock data...
Friday, July 25, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Rays Nearing $1.3B Stadium Deal, Clear Path to St. Pete Commitment

  • The St. Petersburg city council gives preliminary approval to the Rays’ $1.3 billion stadium project.
  • Opposition remains surrounding the public financing planned for the ballpark.
Tampa Bay Rays

The long and winding road toward a new Rays ballpark may at last be approaching a definitive conclusion, giving the MLB club a clear and full sense of its future for the first time in nearly two decades.

The St. Petersburg, Fla., city council on Thursday preliminarily approved by a 5–3 margin a development agreement and zoning changes relating to a new Rays stadium—marking the first time that the public body has made any sort of actual vote on the club’s proposed $1.3 billion stadium and mixed-use development.

Those preliminary decisions set the stage for larger votes on the stadium financing and overall project approval that are now scheduled for next month. The Rays’ plan for the new ballpark calls for the club paying $700 million plus cost overruns, with the public sector contributing the remaining $600 million. If approved, the stadium deal would finally end years of relocation rumors and talk centered on the team’s low attendance at Tropicana Field.

Nearly nine months after the Rays first unveiled their plans to become a centerpiece of St. Petersburg’s redevelopment of its Gas Plant District, confidence within MLB is rising that formal agreements and legislative approvals are near.

“I feel a good deal of confidence that they’re going to be able to get it done,” said league commissioner Rob Manfred to the Tampa Bay Times. He was in town meeting with Rays and Cubs players Thursday as part of an annual tour to see clubs in person but did not attend the council session. 

“We think the Tampa Bay region is really important to baseball. Getting a concrete agreement with respect to what the future of the stadium is going to be is just absolutely the top of the list for us,” Manfred said.

The Rays released updated renderings late last month on the planned stadium, and they hope to break ground early next year in advance of a 2028 facility opening. 

More Hurdles to Clear

Despite that hopeful sentiment, there are still hurdles to clear before those final approvals. A new lobbying group, No Home Run, recently formed in opposition to the public financing, a move advancing a broadly rising sentiment around the country against taxpayer support of new and renovated facilities for pro teams. The group last week released results of a new poll of local voters finding 72% of respondents in favor of renegotiating the public funding.

Some St. Petersburg council members—having already pushed for greater emphasis of the city by the Rays—are also still seeking greater disclosure around the deal.

“We are making decisions based on graphs and not final documents. I cannot emphasize that more,” said council member Lisset Hanewicz, one of the three “no” votes. “It is our duty to do our due diligence and we can only do that appropriately with final documents and not being rushed through the process.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

MLS Suspends Lionel Messi, Jordi Alba for Skipping All-Star Game

The league enforces its existing policy on its biggest star.

Prospective Rays Owner Must Start Fresh As $1.3B Stadium Deal Ends

St. Petersburg, Fla., officials formally terminate a prior ballpark agreement.

Eagles Turn to Their Fans As They Consider Future Stadium Plans

The defending Super Bowl champions are surveying season-ticket holders.
Jul 2, 2025; Boston, Massachusetts, USA; Boston Red Sox fans cheer after a home run by Boston Red Sox designated hitter Wilyer Abreu (52) during the sixth inning against the Cincinnati Reds at Fenway Park.

Fenway Concession Workers Go on Strike for Dodgers Series

They’re asking fans not to buy food and drink at the games.

Featured Today

Ryan Field Construction
exclusive

First Look Inside Northwestern’s $862 Million New Ryan Field

Five big things FOS learned on our exclusive stadium tour.
Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.
July 17, 2025

The Boozy History and Traditions of The Open’s Claret Jug

The Open awards the world’s most famous wine decanter.
2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
July 16, 2025

A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself

Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive
July 13, 2025

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.

Commanders Restructure $3.8B Stadium Pact Ahead of Council Vote

A D.C. Council vote on the proposed stadium is now set for Aug. 1.
Josh Donaldson
July 17, 2025

Josh Donaldson Seeks Another $70K in Landlord Dispute

Donaldson rented the house while playing for the Yankees in 2022.
Workers prepare for the Red Sox home-opener at Fenway Park on Wednesday, April 2, 2025.
July 23, 2025

Fenway Park Workers Say They’ll Strike Friday Without a Deal

The Red Sox host the Dodgers this weekend.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
The 153rd Open
July 16, 2025

Trump Talks Continue, but Turnberry’s Open Return Is Uncertain

Trump Turnberry is still under consideration for future Open Championships.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.
July 10, 2025

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.
April 19, 2022; Austin, TX, USA; Tim Leiweke of the Oak View Group speaks at a ribbon cutting ceremony for the Moody Center, a multi-purpose arena that will be home to concerts and the UT basketball teams on Tuesday April 19, 2022.
July 9, 2025

Oak View Founder Tim Leiweke Indicted for Alleged Rigged Arena Bid

The longtime sports executive leaves his day-to-day leadership role.
July 9, 2025

Browns $600M Stadium Deal Hit With Suit Over ‘Unclaimed’ Money

Ohio’s use of unclaimed funds for a new stadium is challenged legally.