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Tampa City Council approves $2.3B Rays stadium deal

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-08-27 08:00 UTC → 2026-08-28 03:25 UTC · added removed

Tampa Bay City Council approves $2.3B Rays stadium proposal heads to city and county deal

The Tampa Bay Rays are approaching critical legislative votes regarding their proposed $2.3 billion stadium project. Following the selection of a construction joint venture and the outline of a Community Benefits and Legacy Plan, Hillsborough County City Council has released revised definitive documents. This move sets approved the stage $2.3 billion proposal for a new Tampa City Council meeting on Thursday and Bay Rays ballpark, passing the measure with a Hillsborough County Commission vote on Friday. 4-3 vote. The current proposal involves constructing project remains slated for the stadium on 21.5 acres Dale Mabry campus of the Hillsborough College Dale Mabry campus, integrated with and will feature a privately funded multi-use development. Under the terms of the agreement, mixed-use entertainment district alongside renovations to college buildings. The financial framework maintains that the Rays ownership will cover commit more than $1.3 billion and cover all cost overruns. Public overruns, while public contributions are now capped at $876 million, with the million. This includes a city contributing contribution of up to $80 million and the county providing approximately $796 million through from Hillsborough County via tax revenues and federal disaster-recovery funds and various tax-backed sources. A central financial mechanism in funds. Rays CEO Ken Babby stated the revised plan utilizes investment would “secure the future of Major League Baseball in Tampa Bay while creating a tax increment financing district landmark destination neighborhood.” Following the council’s decision, the project now moves to fund infrastructure through anticipated increases in property value, which may replace previous requirements for direct city payments. Additionally, the Rays have released Hillsborough County Board of County Commissioners for a formal Community Benefits Agreement that details commitments to small businesses, youth, transportation, jobs, and affordable housing. scheduled vote.

Versions

  1. 2026-08-28 03:25 UTC Tampa City Council approves $2.3B Rays stadium deal
  2. 2026-08-27 08:00 UTC Tampa Bay Rays stadium proposal heads to city and county
  3. 2026-08-26 03:21 UTC Tampa Bay Rays stadium development

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