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.
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