After more than two decades of stalled conversations and shifting plans, the Tampa Bay Rays’ new CEO is putting a date on the table.
Ken Babby, the newly appointed CEO of the Tampa Bay Rays, said the franchise intends to open a new ballpark by April 2029.
The timeline is paired with a broader development vision that links professional sports, real estate and long-term economic investment into a single strategy for Tampa Bay.
“We intend to open a new ballpark by April of 2029,” Babby said. “That’s not a date we picked casually.”
The public commitment marks a notable shift for a franchise that has long avoided firm timelines, even as stadium uncertainty has shaped nearly every chapter of its modern history.
Babby laid out the plan during an in-depth interview with Nick Friedman on the Hunks Talking Junk podcast.
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He used the conversation to explain how new ownership is approaching the Rays’ future, including site selection, public-private partnerships and leadership culture inside the organization.
A franchise running out of margin
Babby described the Rays as operating under more strain than any other professional sports team in North America, citing stadium uncertainty, media disruption and broader changes across Major League Baseball.
“In North America, at least in my eyes, there’s not a professional sports team that is in more crisis and has more headwinds than the Tampa Bay Rays,” Babby said.
He pointed to the absence of a permanent home ballpark, rapid shifts in regional sports media and looming labor dynamics across the league.
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Those pressures, Babby said, are compounded by something less visible but equally powerful: exhaustion.
After years of stalled stadium proposals and inconclusive negotiations, Babby acknowledged what he called deep community fatigue across Tampa Bay.
“That’s just not how we’re wired,” he said, pushing back on the idea of years of quiet analysis before taking public positions.
Urgency, he said, is no longer optional.
A stadium plan built on economic philosophy
Rather than framing the project as a standalone stadium, Babby emphasized a mixed-use development model that would require more than 100 acres of land and coordination across government and private partners.
“We’re not just building a ballpark,” Babby said. “We’re looking to build a mixed-use development.”
The goal, he said, is a district that blends work, residential and entertainment uses, generates jobs and attracts major employers to the Tampa Bay area.
In Babby’s view, the stadium is only the anchor. The surrounding development is the engine.
As a reference point, Babby repeatedly cited The Battery Atlanta, the development surrounding Truist Park, home of the Atlanta Braves, describing it as the closest modern comparison to what the Rays are aiming to build.
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“This is like building a district in the middle of your city,” Babby said, pointing to tax base growth and sustained economic activity tied to that model.
Babby said the Rays are prepared to invest heavily but stressed the need for a strong public-private partnership involving local and state government.
“We’re going to do our part,” he said. “But we need the community to come together.”
Feasibility work and site analysis will continue through 2026, with Babby signaling that more concrete details could emerge early in the year.
How the ownership group came together
Babby described the Rays’ ownership group as the result of long-standing relationships built through baseball and business rather than a single transaction.
Managing partner Patrick Zalupski, CEO of Dream Finders Homes, emerged from relationships formed during Babby’s ownership of the Jacksonville Jumbo Shrimp.
Babby also recalled a years-old conversation in Akron, Ohio, that helped crystallize the group’s ambitions.
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“What I thought was a sponsorship meeting turned into a conversation about buying a Major League Baseball team,” Babby said.
At several points, Babby said the group did not assume Tampa Bay would ultimately be the destination.
The partners explored other opportunities before the Rays deal came together, a process Babby described as both uncertain and humbling.
The final group, he said, was assembled less around speed and more around shared conviction.
Leadership standards inside the organization
Within the Rays organization, Babby said his focus is on performance standards and on building trust through action.
“In no case am I ever the smartest person in the room,” Babby said. “But I can look anybody in the eye and tell you I’m going to outwork anybody in that room.”
He described personally calling season ticket holders who have not renewed as both a leadership signal and a way to hear fan concerns directly.
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The gesture, Babby said, reflects a leadership philosophy rooted in visibility, accountability and follow-through.
He also made clear that the pace of change will not suit everyone.
“This is not for everybody,” Babby said, describing an organization that expects alignment, commitment and speed.
A clear line between business and baseball
Babby drew a firm distinction between business strategy and baseball operations, praising the Rays’ on-field leadership under Erik Neander and describing it as a competitive advantage.
“We made one rule when we bought the team,” Babby said. “We weren’t going to interfere with baseball ops.”
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Instead, Babby said his role is to support that group by strengthening the business side of the organization, improving fan experience and building resources that allow baseball operations to function at a higher level.
He referenced the flywheel concept popularized by Jim Collins, describing a cycle where better experiences drive attendance, partnerships and reinvestment.
“My job is to get that flywheel moving,” Babby said.
Stewardship over ownership
Throughout the interview, Babby repeatedly framed the Rays as a civic asset rather than a purely private enterprise.
“This is Tampa Bay’s team,” Babby said. “We may own it, but we’re stewards of a community asset.”
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Success, he said, will be measured not only by wins but also by what the franchise delivers to fans and the region over time.
“We believe the community deserves this,” Babby said. “And we believe baseball deserves a forever home right here in Tampa Bay.”
Why this matters for Tampa Bay
The Rays’ stadium effort now sits at a defining intersection of sports, real estate development and regional economic identity.
By publicly naming a timeline and articulating clear criteria, new ownership has shifted the conversation from speculation to execution.
Whether the plan succeeds will shape not only the future of the franchise, but Tampa Bay’s standing as a major market willing to invest in long-term civic assets.
What comes next
Feasibility studies, site evaluations and public-private negotiations are expected to intensify in 2026 as the Rays work toward their stated April 2029 target.
For a region accustomed to waiting, the next phase will test whether momentum can finally replace uncertainty.