• Loading stock data...
Thursday, February 27, 2025
Join us on March 5 at 1 p.m. ET for Future of Sports: Sea Change in College Sports. Register Now

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

Paramount+

Paramount+ Hits 77.5M Subs After Sports Boost As Merger Advances

The CBS Sports parent company looks to complete a large-scale merger.

Diana Taurasi Steps Away Just Before the WNBA’s Financial Boom

The Phoenix Mercury acquired two other All-Stars in the offseason.
Sep 18, 2024; St. Petersburg, Florida, USA; Tampa Bay Rays starting pitcher Ryan Pepiot (44) throws a pitch in the first inning against the Boston Red Sox at Tropicana Field.

Tampa Bay Rays Return $200K They Were Paid by Alleged Ponzi Scheme

The SEC is suing a company that the Rays marketed at games.

Braves: MLB-ESPN Split ‘No Effect Whatsoever,’ Better Deals on Horizon

The MLB club conveys optimism regarding both national and local media rights.

Featured Today

Jul 7, 2024; Silvis, Illinois, USA; Jason Day hits his tee shot on the second hole during the final round of the John Deere Classic golf tournament.

The PGA Tour Dress Code Is Anyone’s Guess

The line for what’s fashionably acceptable is open to interpretation.
Feb 18, 2015; Tempe, AZ, USA; Arizona State Sun Devils former guard James Harden reacts as he has his number retired during a halftime ceremony against the UCLA Bruins at Wells-Fargo Arena.
exclusive
February 25, 2025

The NBA Stars Fueling the NIL Arms Race

“It’s almost like burnt money, right?” Hawks forward Georges Niang said.
February 24, 2025

Cult Hockey TV Hit ‘Shoresy’ Is an Industry On Screen and On..

The show’s wild fandom has turned it into big business.
Dec 31, 2024; Durham, North Carolina, USA; Virginia Tech Hokies forward Tobi Lawal (1) and Duke Blue Devils center Khaman Maluach (9) battle for the opening tip during the first half at Cameron Indoor Stadium.
February 21, 2025

House v. NCAA Settlement Creates Potential Crisis for International Athletes

Revenue-sharing payments could violate international student visa laws.
Nov 24, 2024; Houston, Texas, USA; General view inside NRG Stadium during the national anthem before the game between the Houston Texans and the Tennessee Titans.

Texans Join NFL’s Stadium Push: Weighing Renovation vs. New Build

The NFL team is weighing options regarding the 23-year-old NRG Stadium.
February 12, 2025

Broncos Weighing ‘All Things’ for Stadium: Could a Move Be Next?

Broncos president Damani Leech told FOS the team doesn’t have a lot of time.
Suns
February 18, 2025

Suns Arena Will Be Unbranded as Team Looks for Naming Deal

Some Footprint Center signage has already been removed.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Jan 19, 2020; Santa Clara, California, USA; General view of San Francisco 49ers logo in the NFC Championship Game at Levi's Stadium.
February 11, 2025

Super Bowl Headed West As NFL Ponders International Future

Levi’s Stadium in Santa Clara, Calif., will host next year’s Super Bowl.
Nov 3, 2024; Philadelphia, Pennsylvania, USA; General view of the inside bowl of Lincoln Financial Field before a game between the Philadelphia Eagles and the Jacksonville Jaguars.
February 10, 2025

Will Eagles’ Super Bowl Win Spark New Stadium Talks in South Philly?

The Super Bowl champions are considering various facility options.
Jan 31, 2013, New Orleans, LA, USA; General view of the downtown New Orleans skyline and Benson Tower and Mercedes-Benz Superdome in advance of Super Bowl XLVII between the Baltimore Ravens and the San Francisco 49ers.
February 6, 2025

The Battle for the Super Bowl: Can New Orleans Still Host the..

New Orleans’s Super Bowl future is up against tough competition from newer stadiums.
February 5, 2025

Chiefs’ Ambitious Facility Plans Hinge on Stadium Future

Chiefs consider $425 million training facility as stadium future and brand strategy evolve.