Business & Finance
Tampa City Council approves $2.3 billion deal for new Tampa Bay Rays ballpark
The proposal includes $967 million in public funds and requires final approval from Hillsborough County Commissioners.
The short version
- The Tampa City Council voted 4-3 to approve a $2.3 billion deal for a new Tampa Bay Rays stadium and entertainment district.
- The project relies on $967 million in public tax dollars alongside private funding guaranteed by team ownership.
- Hillsborough County Commissioners are scheduled to vote on the deal on Friday morning, with the team hoping to complete the venue within three years.
Key facts
- The Tampa City Council approved a $2.3 billion venue plan for the Tampa Bay Rays in a 4-3 vote.[Associated Press]
- The proposed deal involves $967 million in tax funding combined with private capital from the franchise.[Associated Press]
- The stadium and entertainment development is planned for the Hillsborough College campus, adjacent to the New York Yankees' spring training facility.[Associated Press]
- Hillsborough County Commissioners are set to vote on the stadium project on Friday morning.[Associated Press]
What remains uncertain
- Whether the project will move forward depends on the upcoming vote by Hillsborough County Commissioners.[Associated Press]
- The team's timeline to complete construction within three years remains a target rather than a certainty.[Associated Press]
Sources
- Tampa approves $2.3B deal for a new Rays ballparkAssociated Press