The Tampa Bay Rays are set to make a substantial announcement on Tuesday concerning the building of a new stadium in downtown St. Petersburg. The new stadium will be situated close to the present Tropicana Field website as element of the redevelopment of the Historic Gas Plant District. It is anticipated to be open for the 2028 season.
Preliminary information and facts suggests that the new stadium will have a fixed dome roof and an artificial turf field. It is estimated to have a seating capacity of about 30,000 and price more than $1.two billion. The funding for the project will come from contributions from the group, St. Petersburg, and Pinellas County.
Rays principal owner Stuart Sternberg has expressed optimism about reaching a deal with the city and county by the finish of the year. He has also stated that the group expects to finance at least half of the stadium project and is searching for investors to contribute to the remaining price in exchange for shares in the group.
The new stadium agreement will offer the group with a new property immediately after their 30-year lease at Tropicana Field expires in 2027. Group officials anticipate that the new stadium will lead to elevated revenues by way of larger attendance and a lot more sponsorship bargains. These elevated revenues will let them to strengthen facilities and boost player payroll.
This announcement brings an finish to a 16-year search for a new stadium, which integrated proposed web sites in each Tampa and St. Petersburg. In spite of exploring the possibility of creating a stadium in Tampa, negotiations did not progress far sufficient to establish a financing package. Moreover, a program to split property games among Montreal and Tampa was rejected by Key League Baseball officials.
The announcement ought to place an finish to speculation about the group potentially relocating to cities like Nashville or Las Vegas. Additional particulars about the Rays’ announcement are presently not accessible.