Friday, July 10, 2026

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.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 8, 2026; St. Petersburg, Florida, USA; Tampa Bay Rays third baseman Junior Caminero (13) greets designated hitter Yandy Diaz (2) after scoring a run against the New York Yankees in the third inning at Tropicana Field.

Rays Tout New Stadium Designs As Funding Talks Continue

The club unveiled interior ballpark designs while funding negotiations continue.
Aug 24, 2024; Oakland, California, USA; The major league baseball logo is seen on signage near the player's entrance to the field at Oakland-Alameda County Coliseum before the game between the Oakland Athletics and the Milwaukee Brewers. Mandatory Credit: Robert Edwards-USA TODAY Sports

MLB Takes Another Swing at India With Cricket Star

MLB is looking to tap further into the world’s most populous country.
Dec 7, 2025; Atlanta, Georgia, USA; Hall of Fame outfielder Ken Griffey Jr. takes photos during a game between the Seattle Seahawks and Atlanta Falcons in the first quarter at Mercedes-Benz Stadium. Mandatory Credit: Brett Davis-Imagn Images

Ken Griffey Jr. Wants to Bring Black Athletes ‘Back to Baseball’

Griffey’s fourth annual Swingman Classic will take place on Friday.
Jul 1, 2026; Philadelphia, Pennsylvania, USA; Philadelphia Phillies first baseman Bryce Harper (3) reacts before the fourth inning at Citizens Bank Park.

No Timer in Derby, New 3-on-3 Game Among MLB All-Star Changes

The midseason showcase includes several schedule and format shifts.
podcast thumbnail mobile
Front Office Sports Today

7/10/26 – World Cup Ratings Records, Seahawks Sale Narrows, Kawhi Trade Limbo

0:00

Featured Today

Why So Many Media Outlets Are Rushing Into Sports

Sports coverage has ballooned in every corner of media.
Pillow Fight Championship
July 8, 2026

How Obscure Sports Get Mainstream TV Deals

For niche sports, getting on TV often matters more than getting paid.
ATLANTA, GA - September 05: Georgia Lottery fireworks after the game against the Seattle Mariners at Truist Park on Friday, September 5, 2025 in Atlanta, Georgia.
July 2, 2026

Inside the Spectacle and Science of MLB Fireworks

Postgame fireworks are lighting up baseball for America250.
Kansas City Chiefs
July 1, 2026

NFL Teams Push to Turn Futbol Fans Into Football Devotees

NFL teams are courting international soccer fans during their World Cup visits.
June 26, 2026

What We Saw Traveling the U.S. for the World Cup Group Stage

The knockout stage begins Sunday.

Bears’ Indiana Stadium Plans in ‘Red Zone,’ Governor Says

The NFL team is drawing closer to a long-awaited stadium decision.
June 24, 2026

Portland Arena Standoff Revives Fears Over Trail Blazers Future

Portland’s mayor and city council spar over helping fund arena renovations.
Apr 2, 2026; Portland, Oregon, USA; Tom Dundon, owner of the Portland Trail Blazers, visits with fans after a game against the New Orleans Pelicans at Moda Center.
June 25, 2026

Dundon: Taxpayers Should Foot the Bill for Portland Arena Makeover

The NBA team owner pushed back on private financing for the arena renovation.
Sponsored

Josh Childress: Why Now Is the Time for NBA Expansion

Josh Childress on why he invested in the Portland Thorns, the case for NBA expansion, and donating to Stanford NIL.
June 15, 2026

Dallas Stars ‘Getting Married’ to Plano With $3B Arena Move

The NHL team sees its forthcoming home city as a regional hub.
June 5, 2026

Bears Taking New $5B Stadium Plans Across State Line to Indiana

The decision arrived just four days after political inaction by Illinois leaders.
June 3, 2026

Stars Arena Move Deepens Downtown Dallas Sports Exodus

Both the Stars and Mavericks are seeking to build new arenas.
June 1, 2026

Indiana’s Bears Stadium Bid Gets More Real After Illinois Misses Chance

Recriminations rise as Illinois leaders fail to ratify a Bears stadium bill.