• Loading stock data...
Wednesday, November 12, 2025

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

Pirates GM Rebuffs Paul Skenes Trade Talk As Frustrations Mount

Pirates GM Ben Cherington again dismisses consideration of trading the ace.

DePodesta on Move From Browns to Rockies: ‘A Sucker for a Challenge’

The newly hired executive said he will have autonomy to make changes.
Jun 11, 2025; Cleveland, Ohio, USA; Cleveland Guardians relief pitcher Emmanuel Clase (48) throws a pitch during the ninth inning against the Cincinnati Reds at Progressive Field.

MLB Caps Pitch-Level Prop Bets at $200 After Guardians Indictments

Pitch-level prop bets are capped at $200 and excluded from parlays.
Ortiz

What Happens Next With Guardians’ Contracts After Federal Charges?

The future is murky for Emmanuel Clase and Luis Ortiz.

Featured Today

TUCSON, ARIZ. -- Resurfacing and painting of the new floor at McKale Center.

The Business of College Basketball’s Signature Courts

Signature floors are a creative—and increasingly expensive—corner of college sports.
Aug 6, 2025; Sandy, UT, USA; Queretaro defender Edson Partida (22) watches the ball during the second half of the game against Real Salt Lake at America First Field
November 8, 2025

Mexican Soccer Is the Next Frontier for American Investors

Liga MX is an appealing proposition with big potential upside.
G League
November 6, 2025

Is College Basketball About to Raid the G League?

Two G Leaguers have gone back to college. More could follow.
Oct 11, 2025; University Park, Pennsylvania, USA; Penn State Nittany Lions head coach James Franklin stands on the field following the game against the Northwestern Wildcats at Beaver Stadium
November 1, 2025

College Football’s Coach Buyout Bonanza: All Your Questions Answered

Schools owe their fired coaches millions in buyouts—and it isn’t over.

Missouri Governor’s Latest Pitch to the Chiefs: Add a Roof, Not a..

Missouri’s governor is making an unexpected, out-of-the-box suggestion.
November 11, 2025

Pasadena Sues to Block UCLA’s Move From Rose Bowl to SoFi Stadium

The city of Pasadena is taking UCLA to court.
Tiger Woods htis a bunker shot on the 3rd green during a practice round in the PGA Championship at the Valhalla Golf Course in Louisville, Ky. on May. 14, 2024.
exclusive
November 11, 2025

White House Adviser: Tiger Woods Is Part of D.C. Public Golf Project

The National Links Trust is renovating three city courses.
Sponsored

How HOKA is Reimagining the NIL Relationship

On Location is redefining the Olympic experience by creating lasting connections beyond the Games.
November 10, 2025

Trump Tries to Reassert Influence Over Commanders Stadium Plans

The president was loudly booed at the Lions-Commanders game.
November 5, 2025

The Battery Powers Braves Results As ‘Win-Now Team’ Plans to Spend Big

Revenue from The Battery helps Atlanta overcome a rare non-playoff season.
November 5, 2025

Spurs Secure Funding for $1.3B Arena, Set Stage for Wemby’s Prime

The NBA team will develop a new venue in downtown San Antonio.
November 4, 2025

NHL Commish Criticizes Mavs in Arena Feud: Looks Like ‘Bullying’

The commissioner says he is ‘somewhere between amazed and appalled’ by the fight.