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3 clusters · 16 sources · 10 days · First seen · Last updated

Tampa City Council approves $2.3B Rays stadium deal

Overview

The Tampa City Council has approved the $2.3 billion proposal for a new Tampa Bay Rays ballpark, passing the measure with a 4-3 vote. The project remains slated for the Dale Mabry campus of Hillsborough College and will feature a mixed-use entertainment district alongside renovations to college buildings.

The financial framework maintains that the Rays ownership will commit more than $1.3 billion and cover all cost overruns, while public contributions are capped at $876 million. This includes a city contribution of up to $80 million and approximately $796 million from Hillsborough County via tax revenues and federal disaster-recovery funds.

Rays CEO Ken Babby stated the investment would “secure the future of Major League Baseball in Tampa Bay while creating a landmark destination neighborhood.” Following the council’s decision, the project now moves to the Hillsborough County Board of County Commissioners for a scheduled vote.

Entities

Tampa Bay Rays · Hillsborough County · Turner Construction · Hillsborough County Board of County Commissioners · Tampa

Timeline

  1. 2 days ago

    [BUSINESS] 14 sources
    Tampa City Council approves $2.3B deal for new Rays ballpark

    The Tampa City Council approved a $2.3 billion deal for a new Tampa Bay Rays ballpark, utilizing $876 million in public funds and $1.3 billion in private investment at the Hillsborough College campus.

  2. 4 days ago

    [BUSINESS] 2 sources
    Tampa Bay Rays outline community benefits and stadium funding plans

    The Tampa Bay Rays have unveiled a community benefits plan for their proposed stadium, featuring housing and workforce programs, alongside new details regarding property tax-funded stadium financing.

  3. 12 days ago

    [BUSINESS] 2 sources
    AECOM Hunt-led joint venture selected for $2.3B Tampa Bay Rays stadium

    A joint venture led by AECOM Hunt has been selected to build a new $2.3 billion Tampa Bay Rays stadium, pending final financing approval from Tampa and Hillsborough County officials.

Sources

cltampa.com · fieldofschemes.com · fox13news.com · foxdeportes.com · independent.co.uk · meridiano.net · mlbtraderumors.com · mymotherlode.com · restonnow.com · srnnews.com · stpetecatalyst.com · tbbwmag.com · time.news · winnipegfreepress.com · wmnf.org · wsvn.com

This summary has been updated 2 times: see revision history