• Loading stock data...
Sunday, December 8, 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 Tampa Future in Doubt as County Commission Delays Bond Vote

A vote to issue bonds for a new ballpark was originally thought to be a foregone conclusion, but now is anything but.

Tampa Bay Rays
Tampa Bay Rays

The Rays’ days in the Tampa area could now be numbered after the Pinellas County, Fla., county commission on Tuesday delayed for a second time a vote to issue previously approved bonds as part of a planned $1.3 billion ballpark.

A deal struck last July called for the county to supply $312.5 million in tourist tax dollars toward the stadium. But catastrophic hurricane damage to Tropicana Field, as well as the greater Tampa area, and the recent commission election of opponents to the ballpark deal, changed the dynamic surrounding the Rays substantially. So when it comes to issuing the bonds to fulfill that prior pledge, significant questions persist, and the commission members voted by a 6-1 margin to give themselves more time to review the funding.

That vote follows a prior vote, by the same margin, last month to delay the bond issuance.  During the often-tense public meeting, commission members even suggested that Rays owner Stu Sternberg could be looking for a way to exit the stadium deal and pin the blame on the county.

“They are not great partners,” commission member Rene Flowers said of the Rays. “I think they want to take their toys and go back home.”

The bond issue will now be revisited on Dec. 17.

The Rays will be playing the 2025 season at George M. Steinbrenner Field in Tampa, where the Yankees hold their spring training. But the Rays’ future beyond that is increasingly uncertain.

Strong Words

Prior to the commission hearing, the Rays sent a lengthy letter to the county officials, laying out that the original 2028 target to open the ballpark is already gone because of the initial move to delay the bond issuance. Preliminary stadium work has been suspended, and the project’s price tag is now rising because of it, the club said. The Rays are responsible for all costs beyond the $600 million total contribution from the public sector, including overruns. 

“A 2029 ballpark delivery would result in significantly higher costs that we are not able to absorb alone,” team presidents Matt Silverman and Brian Auld wrote. “[The] enormous investment of human and financial capital has been jeopardized by the county’s failure to live up to its July agreement.”

But if the goal of the letter was to facilitate a deal, it largely backfired, as instead, the tone of the commission proceedings darkened considerably.

“The idea of rushing this deal concerns me,” said county commissioner Dave Eggers. “I am not going to feel rushed by statements that were made by the Rays.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Championship Paydays: Coaches Cash In on Conference Title Wins

Kirby Smart earns bonuses for Georgia’s SEC title win, securing a CFP bye.
Old Commanders logo

Commanders Plan to Bring Back Old Logo on Special Alumni Merchandise

The Commanders are bringing back their old logo in limited fashion.
Iowa’s Kate Martin waves to the crowd during a celebration of the Iowa women’s basketball team Wednesday, April 10, 2024 at Carver-Hawkeye Arena in Iowa City, Iowa.

WNBA’s Valkyries Assemble Roster With Fan Favorite Kate Martin

It’s the WNBA’s first expansion draft since 2008.

Las Vegas Doubles Down on Sports With $1.75B Ballpark and NBA Arena

Ballpark and arena projects in the booming sports market receive key approvals.

Featured Today

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

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.
November 30, 2024

U.S. Investors Are Gunning for England’s Small Soccer Clubs

Is another Hollywood-like success story possible among the U.K.’s smallest clubs?

Rays Reversal: St. Pete Approves $287M Stadium Bond Package

The approval gives the embattled project a big dose of resurgent energy.
December 3, 2024

A’s Vegas Ballpark Cost Rises to $1.75B, but John Fisher Can Afford..

Additional amenities and rising construction costs create a new price tag.
Jan 3, 2018; Philadelphia, PA, USA; General view as Philadelphia 76ers center Joel Embiid (21) runs across the center court logo during the third quarter against the San Antonio Spurs at Wells Fargo Center.
December 4, 2024

76ers Sweeten Arena Deal, Offer More Benefits Despite Fierce Opposition

The NBA team shows an openness to revising a key arena agreement.
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.
December 3, 2024

Roger Goodell, Josh Harris Lobby Senate on Behalf of RFK Stadium Bill

The team wants a new home by 2030. Could it be D.C.?
Rays
December 2, 2024

Rays Fire Back at County As $1.3B Stadium Deal Hangs in the..

The club says Pinellas County, Fla., “falls short” in meeting obligations.
November 26, 2024

Bears $4.7B Dome Plan Takes Hit After Deal With Chicago Suburb

The Bears and Arlington Heights resolved a longstanding tax dispute.
November 26, 2024

Rays Facing Schedule Shake-Up, Outdoor Adjustments, Political Drama

The schedule shifts look to address the vagaries of Florida’s summer weather.