Tampa Bay Rays set for new $2.3B stadium project after council and city approve financing plan
The Hillsborough County Commission voted 5-2 on Friday to approve its $796 million share of the mixed-use entertainment district that includes a new 31,000-seat stadium that will be near Raymond James Stadium, home of the NFL’s Tampa Bay Buccaneers.
Tampa Bay Rays secure financing for $2.3 billion stadium project after city and county approve funding. Hillsborough County Commission votes 5-2 to approve $796 million share of mixed-use entertainment district, which includes a new 31,000-seat stadium. Tampa City Council votes 4-3 to approve $80 million contribution to the project.
Rays CEO Ken Babby emphasizes long-term future of MLB in Tampa Bay with stadium expected to open in 2029. Team commits to contributing at least $1.3 billion plus cost overruns, with additional $30 million from federal disaster recovery funds. Stadium to be built on Hillsborough College campus near NFL's Tampa Bay Buccaneers stadium.
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- Tampa Bay Rays set for new $2.3B stadium project after county and city approve financing plan sports.yahoo.com
