Tampa Bay Rays set for new $2.3B stadium project after county and city approve financing plan
TAMPA, Fla. (AP) — The Tampa Bay Rays got county approval Friday on a financing plan that will allow them to build a new stadium, a day after city officials approved their part for the $2.3 billion ballpark…
Tampa Bay Rays secure $2.3 billion stadium project approval after county and city back financing plan. The Hillsborough County Commission voted 5-2 to allocate $796 million towards the $2.3 billion mixed-use entertainment district, which includes a new 31,000-seat stadium. The Tampa City Council followed suit with a 4-3 vote to approve $80 million for the project.
The team's CEO, Ken Babby, expressed relief, stating that this approval secures the long-term future of Major League Baseball in Tampa Bay, marking the team's "home forever" in the city. The Rays have committed to contributing at least $1.3 billion, with additional federal disaster recovery funds covering $30 million. The project, which will replace the current Tropicana Field, is expected to open in 2029, situated near Raymond James Stadium and the New York Yankees' spring training facility.
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