Plans for a new Rays stadium are hanging in the balance as funding remains uncertain, with the team’s future in Tampa Bay still unclear. Without concrete funding, the vision for this transformative project faces a rocky road ahead.
Yesterday, the Pinellas County Commissioners voted 6-1 to delay a decision on issuing bonds that would partially fund the $1.3 billion stadium project. Pinellas County had planned to commit approximately $312.5 million in local bed tax dollars, while the City of St. Pete pledged $287.5 million, and the Rays would cover the remaining $700 million, plus any overage. However, the delay has put the timeline and future of the stadium project at risk.
Kathleen Peters, the Pinellas County Commission chair, stated that the delay will allow the two new commissioners time to get acclimated, review communications, and engage with residents. She emphasized the gravity of the decision, calling it a “generational change” for the region. The commission has scheduled another vote on the bonds at their next meeting on Tuesday, Dec. 17.
The delay comes after a statement from the Rays that they “can no longer move forward with a new stadium deal under the current terms.” The Rays’ leadership voiced concerns that the construction delay would push the stadium’s opening from 2028 to 2029, further escalating costs the team cannot afford.
What’s at Stake?
The proposed $6.5 billion deal isn’t just about a new stadium. At its core, the stadium is the centerpiece of a vast revitalization plan for the historic Gas Plant District’s 86 acres. The area’s future remains uncertain without the stadium’s involvement, and it’s unclear if the redevelopment will continue without this crucial piece in place.
Here’s what the deal encompasses:
- 5,400 residential units, including 1,250 affordable and workforce housing units
- A pedestrian bridge over I-275
- A new Woodson African American Museum of Florida
- 750 hotel rooms
- 90,000 sqft of conference, ballroom, and meeting space
- A library
- 1.4 million sqft of office and medical space
- 750,000 sqft of retail space, including opportunities for small businesses and a grocery store
- 14 acres of green and open space
- A 4,000-6,000 seat concert and entertainment venue
As Pinellas County decides the future of this massive redevelopment project, the region’s future, economic growth, and job creation are on the line. The coming weeks are critical for determining the direction of this ambitious vision.
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