The Tampa Bay Rays are set to make a major announcement on Tuesday relating to the development of a brand new stadium in downtown St. Petersburg. The brand new stadium will likely be positioned 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 may have a set dome roof and a synthetic turf area. It’s estimated to have a seating capability of round 30,000 and value over $1.2 billion. The funding for the undertaking will come from contributions from the workforce, St. Petersburg, and Pinellas County.
Rays principal proprietor Stuart Sternberg has expressed optimism about reaching a take care of the town and county by the tip of the yr. He has additionally said that the workforce expects to finance a minimum of half of the stadium undertaking and is in search of traders to contribute to the remaining value in alternate for shares within the workforce.
The brand new stadium settlement will present the workforce with a brand new residence after their 30-year lease at Tropicana Subject expires in 2027. Crew officers anticipate that the brand new stadium will result in elevated revenues by means of increased attendance and extra sponsorship offers. These elevated revenues will permit 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 residence 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 workforce doubtlessly relocating to cities like Nashville or Las Vegas. Additional particulars in regards to the Rays’ announcement are presently not out there.