Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

County OK's financing for new $1.3B Rays home

Written by 
Published in Baseball
Tuesday, 17 December 2024 15:52

ST. PETERSBURG, Fla. -- After a nearly two-month delay, the Pinellas County Commission voted Tuesday in favor of its share of financing for a new $1.3 billion Tampa Bay Rays ballpark, part of a plan to keep the team in St. Petersburg for another 30 years.

The overall plan, with its slogan "Here To Stay," was approved by the county commission and city of St. Petersburg officials this summer, but votes on the funding for the deal have proven more contentious and were delayed.

Earlier this month, the St. Petersburg City Council voted to approve its share of the bonds necessary to build the new 30,000-seat ballpark. The county vote Tuesday was 5-2 for bonds that would be funded by tourist or "bed" taxes that cannot be spent on things such as hurricane recovery.

Under the agreement, the city and county would put up about half the cost, with the Rays covering the rest, including any cost overruns.

"We're upholding our part of the bargain," City Council Chair Deborah Figgs-Sanders said at a meeting earlier this month. "We said we were going to do this. We're doing it. Now what you got?"

The county's share of bond financing approved Tuesday is about $312.5 million. MLB commissioner Rob Manfred met recently with several skeptical commissioners to stress the project's importance and the league's desire to keep a team in the Tampa Bay region.

"He is committed to this market. Rob Manfred is the reason I am voting yes on this today," Pinellas County Commissioner Chris Latvala said.

The proposal caps years of uncertainty about the Rays' future, including possible moves across the bay to Tampa, or to Nashville, Tennessee, or even to split home games between St. Petersburg and Montreal, an idea Major League Baseball rejected.

Under the stadium deal, the Rays commit to remain in St. Petersburg for another 30 years. But the Rays will play this season in Tampa at the New York Yankees' spring training site, Steinbrenner Field, because of hurricane damage to Tropicana Field.

The Rays say costs of the new ballpark will inevitably rise because its planned opening will be delayed at least a year, from 2028 to 2029. It's not clear what those extra costs will be, but cost overruns are the responsibility of the Rays under the agreement.

Matt Silverman, co-president of the Rays, said in a statement after the county vote that the team "cannot absorb this increase alone" and that further negotiations are likely.

"When the county and city wish to engage, we remain ready to solve this funding gap together," Silverman said.

The proposed stadium is a signature piece of a broader $6.5 billion revitalization project known as the Historic Gas Plant District, which refers to a predominantly Black neighborhood that was forced out by construction of the Trop and an interstate highway spur.

Supporters say the development would transform an 86-acre tract in the city's downtown, with plans for a Black history museum, affordable housing, entertainment venues, plus office and retail space -- and the promise of thousands of jobs.

"This is much, much bigger than a stadium," Pinellas County Commission Chair Kathleen Peters said at a November meeting. "It's about the investment we can make and the return on that investment that can guarantee we can keep our taxes low."

Read 4 times

Soccer

Source: Man United try to stop team news leaks

Source: Man United try to stop team news leaks

EmailPrintOpen Extended ReactionsManchester United are set to take steps to help prevent team news l...

Source: Denver in exclusive NWSL franchise talks

Source: Denver in exclusive NWSL franchise talks

EmailPrintOpen Extended ReactionsThe NWSL is closing in on Denver as its latest expansion franchise,...

Inaugural Marta Award goes to, who else, Marta

Inaugural Marta Award goes to, who else, Marta

EmailPrintOpen Extended ReactionsMarta won the inaugural FIFA award for the best goal in women's soc...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

NBA announces revamped All-Star tournament

NBA announces revamped All-Star tournament

EmailPrintOpen Extended ReactionsLAS VEGAS -- The NBA's All-Star Game is going to be an All-Star tou...

Schroder, Kerr excited about fit next to Steph

Schroder, Kerr excited about fit next to Steph

EmailPrintOpen Extended ReactionsSAN FRANCISCO -- It did not take Dennis Schroder long to get over t...

Baseball

Fresh start: New Met Holmes leaves 'pen in past

Fresh start: New Met Holmes leaves 'pen in past

EmailPrintOpen Extended ReactionsClay Holmes did not enter free agency determined to transition back...

Williams thrilled Yankees 'snuck in' to land him

Williams thrilled Yankees 'snuck in' to land him

EmailPrintOpen Extended ReactionsDevin Williams knew he was getting traded this offseason. He was ju...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated