Friday, July 10, 2026

St. Pete Approves $1.3 Billion Rays Stadium, Ending Relocation Rumors

  • St. Petersburg’s city council formally approves the MLB club’s $1.3 billion stadium plan.
  • Team owner Stu Sternberg acknowledges prior ‘missteps’ but reaffirms his commitment to the market.
Tampa Bay Rays
Tampa Bay Rays

Nearly a generation of uncertainty surrounding the Rays and their status in the Tampa Bay market is now definitively ending as the St. Petersburg, Fla., city council on Thursday approved the club’s proposed $1.3 billion stadium and mixed-use development.

By the same 5–3 margin as a preliminary vote last month, the council gave the green light to a new, domed Rays stadium near the club’s current and much-maligned facility, Tropicana Field. The Rays’ plan for the new ballpark calls for the club to pay $700 million plus cost overruns, with the public sector contributing the remaining $600 million. 

Most meaningfully, the stadium deal finally ends years of relocation rumors and talk centered on the team’s low attendance at Tropicana Field.

“It is my belief that we are in an incredibly unique moment in our city’s history that is unlikely to be replicated in any other way that will be meaningful to our community,” said city council member Brandi Gabbard, one of the “yes” votes.

The city council vote was to approve a dozen legally binding agreements overseeing the funding and construction of the stadium and surrounding development in St. Petersburg’s Historic Gas Plant District. The matter now moves to the Pinellas County Commission to approve $312.5 million in tourist tax dollars, but the vote in St. Petersburg represented the key hurdle in the process.

Keeping the Faith

Despite the long period of doubt surrounding the Rays’ situation, both the club and MLB remained stalwart advocates of the market. 

“We’ve made a number of missteps over the years. We dust ourselves off. We come back again,” said Rays owner Stu Sternberg. “Things change in life, things change around in markets, and they change around in baseball. But as we’ve always been clear: We wanted to be here, and we want to be here to stay.”

Among those missteps was a prior, widely criticized plan by the club to split its season with home games in St. Petersburg and Montreal, an effort the club ultimately abandoned. The Rays released updated renderings (above) late last month on the planned St. Petersburg stadium, and they hope to break ground early next year in advance of a projected 2028 facility opening.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Feb 8, 2026; Santa Clara, CA, USA; Seattle Seahawks wide receiver Cooper Kupp (10) catches a pass against New England Patriots cornerback Marcus Jones (25) in the first half in Super Bowl LX at Levi's Stadium.

Two Bidders Pull Ahead in Seahawks Sale Process

One of the two groups includes at least one former Seahawks player.
July 5, 2026; East Rutherford, New Jersey, U.S.; Brazil's Endrick looks dejected after the match as Brazil are eliminated from the World Cup. Mandatory Credit: Caean Couto-Imagn Images

How to Survive a Premature World Cup Exit

What can history tell us about disappointing World Cup exits?
Jul 8, 2026; St. Petersburg, Florida, USA; Tampa Bay Rays third baseman Junior Caminero (13) greets designated hitter Yandy Diaz (2) after scoring a run against the New York Yankees in the third inning at Tropicana Field.

Rays Tout New Stadium Designs As Funding Talks Continue

The club unveiled interior ballpark designs while funding negotiations continue.
Jan 7, 2023; Boulder, Colorado, USA; PAC 12 sports broadcaster Jacob Tobey prior to the game between the Oregon State Beavers against the Colorado Buffaloes at CU Events Center. Mandatory Credit: Ron Chenoy-USA TODAY Sports
Exclusive

Jacob Tobey Out as Spurs Announcer After Affair Allegation

Tobey had been calling Spurs games since 2024.
podcast thumbnail mobile
Front Office Sports Today

Record Betting on USMNT Loss, U.S. Soccer Splits Payout, Potential LIV Golf Layoffs, Bieber headlines World Cup halftime

0:00

Featured Today

Pillow Fight Championship

How Obscure Sports Get Mainstream TV Deals

For niche sports, getting on TV often matters more than getting paid.
ATLANTA, GA - September 05: Georgia Lottery fireworks after the game against the Seattle Mariners at Truist Park on Friday, September 5, 2025 in Atlanta, Georgia.
July 2, 2026

Inside the Spectacle and Science of MLB Fireworks

Postgame fireworks are lighting up baseball for America250.
Kansas City Chiefs
July 1, 2026

NFL Teams Push to Turn Futbol Fans Into Football Devotees

NFL teams are courting international soccer fans during their World Cup visits.
June 26, 2026

What We Saw Traveling the U.S. for the World Cup Group Stage

The knockout stage begins Sunday.
June 26, 2026

In an Era of $1,000 Tickets, $10 Watch Parties Bring Fans Together

Stadium watch parties now rival home-game experiences.

Bears’ Indiana Stadium Plans in ‘Red Zone,’ Governor Says

The NFL team is drawing closer to a long-awaited stadium decision.
June 24, 2026

Portland Arena Standoff Revives Fears Over Trail Blazers Future

Portland’s mayor and city council spar over helping fund arena renovations.
Apr 2, 2026; Portland, Oregon, USA; Tom Dundon, owner of the Portland Trail Blazers, visits with fans after a game against the New Orleans Pelicans at Moda Center.
June 25, 2026

Dundon: Taxpayers Should Foot the Bill for Portland Arena Makeover

The NBA team owner pushed back on private financing for the arena renovation.
Sponsored

Josh Childress: Why Now Is the Time for NBA Expansion

Josh Childress on why he invested in the Portland Thorns, the case for NBA expansion, and donating to Stanford NIL.
June 15, 2026

Dallas Stars ‘Getting Married’ to Plano With $3B Arena Move

The NHL team sees its forthcoming home city as a regional hub.
June 5, 2026

Bears Taking New $5B Stadium Plans Across State Line to Indiana

The decision arrived just four days after political inaction by Illinois leaders.
June 3, 2026

Stars Arena Move Deepens Downtown Dallas Sports Exodus

Both the Stars and Mavericks are seeking to build new arenas.
June 1, 2026

Indiana’s Bears Stadium Bid Gets More Real After Illinois Misses Chance

Recriminations rise as Illinois leaders fail to ratify a Bears stadium bill.