Current:Home > StocksFlorida county approves deal to build a new Tampa Bay Rays stadium -Wealthify
Florida county approves deal to build a new Tampa Bay Rays stadium
View
Date:2025-04-27 12:05:37
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! (67)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- How New York City Is Getting Screwed Out of $4.2 Billion in State Green Bonds
- Smell that? A strange odor has made its way across southwest Washington state
- Hurricane Helene is unusual — but it’s not an example of the Fujiwhara Effect
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Judge directs NYC to develop plan for possible federal takeover of Rikers Island jail
- Ina Garten Details Playing Beer Pong at a Taylor Swift’s After Party
- Best Gifts for Studio Ghibli Fans in 2024: Inspired Picks from Howl’s Moving Castle, Spirited Away & More
- This was the average Social Security benefit in 2004, and here's what it is now
- Who is Eric Adams? The New York City mayor faces charges alleging he took bribes
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Brian Kelly offers idea for clearing up playoff bubble, but will CFP committee listen?
- Activists Disrupt Occidental Petroleum CEO’s Interview at New York Times Climate Event
- A Black student punished for his hairstyle wants to return to the Texas school he left
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Nikki Garcia's Ex Artem Chigvintsev Shares His Priority After Extremely Difficult Legal Battle
- Postpartum depression is more common than many people realize. Here's who it impacts.
- These are the top 5 states with the worst-behaved drivers: Ohio? Texas? You're good.
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Garland says officers’ torture of 2 Black men was betrayal of community they swore to protect
A Coal Miner Died Early Wednesday at an Alabama Mine With Dozens of Recent Safety Citations
Kentucky sheriff accused of killing judge in Letcher County pleads not guilty
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Florida power outage map: Track outages as Hurricane Helene approaches from Gulf of Mexico
Why Julianne Hough Sees Herself With a Man After Saying She Was Not Straight
Chargers coach Jim Harbaugh says Justin Herbert's ankle is 'progressing'