• Loading stock data...
Wednesday, December 11, 2024
Tune in on Dec. 11 at 1:05 p.m. ET for our last Future of Sports virtual summit of the year – Future of Sports: Marketing! Register Now

Rays Reportedly Set To Announce Long-Awaited Stadium Deal

  • Anticipated deal ends nearly two decades of unsuccessful efforts toward new ballpark.
  • Rays remain one of MLB’s worst-attended and lowest-spending clubs.
Gensler

The Tampa Bay Rays’ nearly two-decade effort to develop a successor facility to the much-derided Tropicana Field could at last be finding success, as the MLB club is reportedly set to announce a ballpark development deal with St. Petersburg, Florida.

The Tampa Bay Times reports that the Rays and the city on Tuesday will announce plans for a $1.2 billion, 30,000-seat stadium, with the facility opening in 2028 and serving as a key element of a larger, 86-acre redevelopment of St. Petersburg’s Gas Plant District.

Rays owner Stu Sternberg recently signaled that the long-awaited ballpark deal was near, and that he would be willing to pay for more than half to the stadium cost.

Despite fielding regularly competitive teams and making two World Series appearances under Sternberg, the low-spending Rays have routinely ranked among MLB’s lowest-attended franchises.

This story will be updated.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

More to A’s Offseason Spending Plans Than Meets the Eye

Revenue-sharing guidelines are helping fuel the increased spending.

Manfred Reinforces MLB Interest in Tampa Remaining Rays Home

The commissioner meets with state and county officials to support the Rays.

Have Mets Upended New York’s Baseball Hierarchy With Soto Deal?

The National League team sheds its image as an often-lovable underdog.

Soto Contract Echoes 2000 A-Rod Deal. Could Similar Fallout Follow?

The record-setting Soto deal recalls A-Rod 24 years ago.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
Joe Tsai

NFL Owners Set to Vote on Dolphins, Bills Stakes for Tsai, Carter,..

The deals are likely to be approved at the owners meetings in Dallas.
December 9, 2024

McLaren F1 Team Nearly Folded in 2020. An American Exec Just Led..

An investment from MSP Sports Capital in 2020 saved McLaren.
December 9, 2024

As Wizards Hit Historic Low, Leonsis Calls Season ‘Very Productive’

They’re on pace for one of the worst records in NBA history.
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.
Old Commanders logo
December 6, 2024

Commanders Plan to Bring Back Old Logo on Special Alumni Merchandise

The Commanders are bringing back their old logo in limited fashion.
Soccer
December 6, 2024

U.S. Buyers Snap Up Yet Another English Soccer Club in Sheffield United

The recently relegated club has agreed to sell to new owners.
December 3, 2024

As LeBron James Struggles, Lakers—and NBA—Face Murky Future

In October, James had said he wanted to play all 82 games.
Dec 1, 2024; Houston, Texas, USA; Houston Rockets guard Fred VanVleet (5) celebrates with center Alperen Sengun (28) after scoring during the second quarter against the Oklahoma City Thunder at Toyota Center.
December 2, 2024

Rockets Look Like Contenders, but Payroll Questions Loom

Houston is a half-game out of first in the Western Conference.