• Loading stock data...
Friday, January 23, 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

Winter Storm Is Disrupting Sports, but NFL Could See a TV Boost

A growing collection of teams and leagues are cancelling and postponing games.
Oct 1, 2025; Bronx, New York, USA; New York Yankees left fielder Cody Bellinger (35) reacts after flying out during the third inning against the Boston Red Sox during game two of the Wildcard round for the 2025 MLB playoffs at Yankee Stadium.

Bellinger Signs $162.5 Million Agreement to Stay With Yankees

The veteran is returning to the Bronx after extended negotiations

Savannah Bananas First Report Reveals Growth, $100K Player Pay

The highly popular barnstorming team released its first annual update.

Rays Stadium Saga Clears Hurdle Toward New Tampa Development

The MLB club makes a major step toward a Tampa-based ballpark.

Featured Today

Sports Goes All In on Non-Alcoholic Drinks Boom

Athletes, teams, and leagues are pouring money into the NA beverage category.
Tulsa Portal House
January 16, 2026

Inside the Tulsa Portal House: ‘This Will Translate to Wins’

The Golden Hurricane set up an over-the-top battle station for football recruiting.
Black Rabbit
January 10, 2026

The Netflix Star Who Makes Sure NBA Players Have Clean Towels

How a Nets staffer landed a breakout role on “Black Rabbit.”
January 9, 2026

NHL Ditched Its Dress Code. Hockey’s Fashion Era Arrived Quickly

With no dress code, impeccably dressed players are seeing big-money deals.
Rays
January 16, 2026

Rays May Finally Have New Stadium Site in Tampa

A potential deal could end decades of uncertainty around the franchise. 
City of Gary, Ind./ Bears
January 17, 2026

Battle for Bears Stadium Heats Up With Gary, Indiana, Proposal

Illinois and Indiana each amplify their efforts to land the NFL team.
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.
January 15, 2026

Bears’ Indiana Search Shifts Tone in Illinois Over Stadium Funding

The governor softens his long-held opposition toward publicly funding the project.
January 15, 2026

Commanders Look Back to RFK Roots in New $3.8B Stadium Design

The forthcoming venue’s design recalls RFK Stadium while looking forward.
Feb 20, 2022; Beijing, China; Team ROC forward Vadim Shipachyov (87) skates with the puck as Team Finland forward Iiro Pakarinen (81) and Team Finland forward Sakari Manninen (65) defend in the third period during the Beijing 2022 Olympic Winter Games at National Indoor Stadium.
January 9, 2026

Olympic Hockey Rink Test Event Showcases Ongoing Issues

An initial competition amplified worries about the venue’s ice quality.
January 8, 2026

NHL Commish: Utah Did ‘Everything Right’ on Way to Winter Classic

The showcase outdoor game will be held next year at Rice-Eccles Stadium.