The Tampa Bay Rays are anticipated to announce the completion of a deal for a brand new stadium in St. Petersburg, Florida, on Tuesday, based on a report by the Tampa Bay Occasions.
The development of the 30,000-seat domed stadium, which is ready to open in 2028 and is estimated to price over $1.2 billion, figures to finish hypothesis concerning the Rays relocating to a different metropolis.
The Rays’ present 30-year lease on the domed Tropicana Subject ends in 2027, and the franchise had thought of shifting elsewhere, akin to neighboring Tampa, amid persistently low attendance.
Rays proprietor Stuart Sternberg instructed the Tampa Bay Occasions earlier this month that the group anticipated to “pay for half or extra” of the fee for the stadium. The rest of the fee will probably be contributed by the town of St. Petersburg and Pinellas County.
The brand new stadium will probably be a part of an enormous redevelopment of St. Petersburg’s 86-acre Gasoline Plant District — a challenge that additionally consists of inexpensive housing, workplace area and retail in what was as soon as a thriving Black neighborhood.
The crew and the town initially unveiled outlines for the challenge in January, with Mayor Ken Welch calling the Rays “the perfect companion for this generational endeavor.”
Data from The Related Press was used on this report.
