• Loading stock data...
Thursday, January 8, 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.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 11, 2017; Orlando, FL, USA; New York Yankees outfielder Giancarlo Stanton (27) talks with Yes Network during the winter meetings at Walt Disney World Swan and Dolphin Resort.
exclusive

Yankees RSN and Comcast Reach Deal, Preserving Local Access

After nearly a year of acrimony, a new agreement is quietly struck.
Sep 28, 2025; West Sacramento, California, USA; Athletics pitcher Elvis Alvarado (61) throws a pitch against the Kansas City Royals during the third inning at Sutter Health Park.

Why the A’s Hit a Legal Snag Trademarking Their Las Vegas Name

The team has been denied twice in attempts to register its new name.
Bobby Witt

Royals Won’t Follow Chiefs to Kansas After Missing Deadline

State officials say they will not change a now-lapsed negotiating deadline.

Main Street Sports Crisis Pushes RSN Rights Closer to League Control

The regional sports broadcaster misses another set of scheduled rights payments.

Featured Today

Hockey in Florida Was Once a Risk. Now It’s Thriving

The state of Florida has become a traditional—and highly lucrative—market.
Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena
January 4, 2026

Why Pro Sports Team Valuations Will Keep Climbing in 2026

Asset scarcity and increasing media-rights deals underpin soaring valuations.
Imagn Images/Front Office Sports
January 2, 2026

FOS Crystal Ball: Predictions for the Business of Sports in 2026

Here’s what FOS journalists think could be on the horizon.
Heated Rivalry (L to R) - Connor Storrie as Ilya Rozanov and Hudson Williams as Shane Hollander in Episode 104 of Heated Rivalry. Cr. Sabrina Lantos © 2025
December 24, 2025

Hockey Needed Some Virality. Then Came ‘Heated Rivalry’

No one was prepared for the Canadian show’s smash success.
May 21, 2017; Foxborough, MA, USA; New England Revolution owners Robert Kraft (left) and Jonathan Kraft look on before the game between the New England Revolution and the Columbus Crew at Gillette Stadium.

Krafts Reach Deal With Boston for New MLS Stadium

The Krafts have been trying to move the team closer to Boston for years.
December 29, 2025

Chiefs Exit Leaves Missouri With Arrowhead Demolition Dilemma

Missouri faces costly decisions as Arrowhead’s future hangs in limbo.
December 29, 2025

Fenway Workers Finally Reach Contract After Yearlong Dispute

The workers went on strike during the Red Sox–Dodgers series this summer.
Sponsored

ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..

At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
December 26, 2025

3 Teams That Got Big Stadium Subsidies Before The Chiefs

Economists say teams, not taxpayers, win when stadiums are publicly funded.
Dec 14, 2025; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) passes against the Los Angeles Chargers during the fourth quarter at GEHA Field at Arrowhead Stadium.
December 22, 2025

Chiefs to Build New $3 Billion Stadium in Kansas

The team will end a long run at Arrowhead Stadium.
December 21, 2025

Chiefs Leaving KC? Kansas Governor Teases ‘Special Announcement’

Kansas Gov. Laura Kelly schedules a “special announcement” for Monday.
Sponsored

The Hidden Tech Behind Every Touchdown

Nearly two-thirds of NFL stadiums already rely on Cisco networks, and the Super Bowl will showcase the full scale of the partnership.