Current:Home > MarketsFlorida county approves deal to build a new Tampa Bay Rays stadium -FinanceCore
Florida county approves deal to build a new Tampa Bay Rays stadium
View
Date:2025-04-16 02:52:48
CLEARWATER, Fla. (AP) — The Tampa Bay Rays have the government backing they need to build a long-sought-after ballpark after the Pinellas County Commissioners approved on Tuesday the west-central Florida county’s share of the funding for the 30,000-seat stadium.
The county voted 5-2 to approve spending about $312.5 million for its share of the ballpark costs from revenue generated by a bed tax that can only be spent on tourist-related and economic development expenses. The St. Petersburg City Council approved spending $417.5 million for the stadium earlier this month.
The $1.3 billion ballpark will guarantee the team stays put for at least 30 years. It’s part of a broader $6.5 billion redevelopment project that supporters say would transform an 86-acre (34-hectare) tract in the city’s downtown, with plans in the coming years for a Black history museum, affordable housing, a hotel, green space, entertainment venues, and office and retail space. There’s the promise of thousands of jobs as well.
“This is so much more than a baseball stadium. It is poised to become, if we do it right, a world-class tourist destination,” said Commissioner Janet Long. “It’s more than about the baseball stadium. It’s a transformational, once-in-a-lifetime opportunity,”
The linchpin of the project is the planned roofed stadium, scheduled to open for the 2028 season. It 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 MLB rejected.
The rest of the project would mainly be funded by a partnership between the Rays and the Houston-based Hines global development company. It will take decades to complete.
The site, where the Rays’ domed, tilted Tropicana Field and its expansive parking lots now sit, was once a thriving Black community displaced by construction of the ballpark and an interstate highway. St. Petersburg Mayor Ken Welch says one of his priorities is to right some of those past wrongs in what is known as the Historic Gas Plant District.
The Rays typically draw among the lowest attendance in MLB, even though the team has made the playoffs five years in a row. This year, the Rays have a 54-52 record, placing them fourth in the American League East division.
The ballpark plan is part of a wave of construction or renovation projects at sports venues across the country, including the Milwaukee Brewers, Buffalo Bills, Tennessee Titans, Jacksonville Jaguars and the Oakland Athletics, who are planning to relocate to Las Vegas. Like the Rays proposal, all the projects come with millions of dollars in public funding that usually draws opposition.
A citizen group called No Home Run and other organizations opposed the deal, with the conservative/libertarian Americans for Prosperity contending the track record for other publicly financed sports stadiums is not encouraging.
County Commissioner Chris Latvala said he’s a huge baseball fan and recounted many fond memories of following the Rays, but he still voted against the project.
“I want professional baseball to stay here, I want the Rays to stay here, but at what price?” he said. “This will be a $1 billion publicly funded subsidy to a billionaire. I’m not willing to put my name on that.”
veryGood! (63545)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- The backlog of Honolulu building permits is taking a toll on city revenue
- 2 more charged in betting scandal that spurred NBA to bar Raptors’ Jontay Porter for life
- 'Power Book II: Ghost' Season 4: Release date, cast, trailer, where to watch new episodes
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Georgia regents nominate current Augusta University administrator as next president
- World hits 12 straight months of record-high temperatures — but as warming continues, it'll be remembered as comparatively cold
- Southern Baptists are poised to ban churches with women pastors. Some are urging them to reconsider
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Kendall Jenner spills what she saw on Gerry Turner's phone before 'Golden Bachelor' finale
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Election certification disputes in a handful of states spark concerns over presidential contest
- Kim Kardashian Details How Her Kids Con Her Into Getting Their Way
- How Brittany Cartwright Really Feels About Jax Taylor Dating Again After Their Breakup
- Trump invites nearly all federal workers to quit now, get paid through September
- Jelly Roll and Wife Bunnie XO Share Their Plans to Have a Baby Through IVF
- Dogs are mauling and killing more people. What to do pits neighbor against neighbor
- The best strategy for managing your HSA, and how it can help save you a boatload of money in retirement
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Ryan Anderson Reveals What Really Led to Gypsy Rose Blanchard Breakup
'The Town apologizes': Woman left in police cruiser hit by train gets settlement
Salmonella linked to recalled cucumbers could be two separate strains; FDA, CDC investigate
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Ex-Wisconsin warden, 8 others charged after investigation into inmate deaths
Netherlands kicks off 4 days of European Union elections across 27 nations
Trump to campaign in Arizona following hush money conviction