Tampa Bay Rays Secure $2.3 Billion Tampa Stadium Deal
The deal solves a financing problem that derailed Tampa’s 2018 bid and ties the ballpark to a larger development plan.
The deal solves a financing problem that derailed Tampa’s 2018 bid and ties the ballpark to a larger development plan.
Tampa’s $80 million depends on development around the ballpark generating new taxable value.
The proposed plan extends community benefits beyond the stadium district.
New terms raise the Rays’ share to about 60% and cut the direct public contribution by $100 million.
AECOM Hunt joins the project as the Rays push toward a September construction start.
The proposal still needs four council votes as key repayment terms remain unresolved.
The team’s new images make the case for a ballpark built to work well beyond baseball.
The fight over the Rays stadium deal has shifted from the field to Tampa City Hall.
New renderings reveal the office district planned alongside the Rays’ proposed ballpark.
Tampa advances Rays stadium negotiations after a narrow 4-3 City Council vote.