New Downtown St. Petersburg Stadium Deal Set to be Introduced by Rays
The Tampa Bay Rays are set to make a big announcement on Tuesday relating to the development of a brand new stadium in downtown St. Petersburg. The brand new stadium might be situated close to the present Tropicana Subject website as a part of the redevelopment of the Historic Gasoline Plant District. It’s anticipated to be open for the 2028 season.
Preliminary data means that the brand new stadium could have a set dome roof and a man-made turf subject. It’s estimated to have a seating capability of round 30,000 and price over $1.2 billion. The funding for the undertaking will come from contributions from the staff, St. Petersburg, and Pinellas County.
Rays principal proprietor Stuart Sternberg has expressed optimism about reaching a take care of town and county by the tip of the 12 months. He has additionally said that the staff expects to finance at the very least half of the stadium undertaking and is searching for traders to contribute to the remaining price in alternate for shares within the staff.
The brand new stadium settlement will present the staff with a brand new dwelling after their 30-year lease at Tropicana Subject expires in 2027. Workforce officers anticipate that the brand new stadium will result in elevated revenues via increased attendance and extra sponsorship offers. These elevated revenues will enable them to enhance amenities and improve participant payroll.
This announcement brings an finish to a 16-year seek for a brand new stadium, which included proposed websites in each Tampa and St. Petersburg. Regardless of exploring the potential of constructing a stadium in Tampa, negotiations didn’t progress far sufficient to ascertain a financing bundle. Moreover, a plan to separate dwelling video games between Montreal and Tampa was rejected by Main League Baseball officers.
The announcement ought to put an finish to hypothesis in regards to the staff probably relocating to cities like Nashville or Las Vegas. Additional particulars in regards to the Rays’ announcement are at present not accessible.
