Tampa Bay Rays Stadium Impact: $75.5B Over 30 Years
Tampa Bay News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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New Economic Study Projects $75.5 Billion Impact from Tampa Bay Rays Stadium Plan
A recently released economic study by AECOM projects a significant $75.5 billion impact over 30 years from the Tampa Bay Rays proposed stadium and mixed-use development. The study, commissioned by the Tampa Sports Authority, aligns with the Rays draft deal seeking $1.065 billion in public funds for their $2.3 billion project.
The analysis outlines potential funding streams, including community investment taxes, tourist development taxes, and property taxes, and introduces speculative new fees like a 2% district charge on food, drinks, retail, and parking, and a 1% ticket and sales assessment.
While the study forecasts 7,400 onsite jobs paying an average of $79,000 per year, it admits limitations such as the lack of detailed site plans and no advice on deals or financing. Despite this, the total economic boost tops the Rays own estimate of $55.5 billion, with $63.1 billion direct onsite and $12.4 billion indirect.
The study also projects attendance could reach 20,500 fans in the first three seasons, a 20-25% increase from recent years, drawing from similar markets like the Marlins and Nationals. As Tampa weighs the public tab and long-term payoff, this report provides valuable insights for both supporters and skeptics.
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