Tampa Bay Rays Unveil $2.3B Stadium Plan
Tampa Bay News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Tampa Bay Rays New Stadium Plan: A $2.3 Billion Mixed-Use Venture
A new memorandum unveils a $2.3 billion plan for the Tampa Bay Rays stadium near Hillsborough Community Colleges Dale Mabry campus, targeting a 2029 opening. Public funds from Tampa and Hillsborough County, backed by tourist taxes and redevelopment funds, will cover most of the cost, with the Rays contributing the rest through private cash and ticket surcharges. The stadium will feature mixed-use spaces like parks, plazas, and event spaces, along with community benefits such as local hiring, youth programs, and emergency access. The county will own the land, leasing it to a Rays group for 35 years with extension options. Despite potential legal hurdles, Rays exec Ken Babby calls it a solid public-private partnership, with board approvals, MLB sign-off, and financing expected soon.
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