March 5, 2024

Report: Rays will get $600M in public funds for new $1.2B stadium

The Center Square | 9/18/2023

(The Center Square) – The Tampa Bay Rays will reportedly announce plans Tuesday for a new $1.2 billion domed stadium that could cost up to $600 million in public funds.

The domed stadium would have 30,000 seats, be located near Tropicana Field in St. Petersburg’s 86-acre Historic Gas Plant District and be ready to open in 2028, according to the Tampa Bay Times.

The announcement comes as Wisconsin politicians are looking at spending $600 million in public funds toward $700 million in renovations to the Milwaukee Brewers’ American Family Field and the Oakland Athletics received legislative approval of a $380 million Nevada public funding proposal to bring the team to the current site of the Tropicana Casino in Las Vegas.

The Rays’ 30-year lease at Tropicana Field ends after the 2027 season.

Florida Business News

Florida News Releases

Florida Trend Video Pick

Florida Trend welcomes Amy Keller as Executive Editor
Florida Trend welcomes Amy Keller as Executive Editor

Florida's immigration flux; Budget negotiations continue; Business bankruptcies jump; SCOTUS considers social media laws; Florida Trend welcomes a new Executive Editor.

 

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Are you better off financially than you were one year ago?

  • Yes
  • No change
  • I am in a worse financial situation
  • Unstable finances/On shaky ground

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.