Rays set to announce deal for new downtown St. Petersburg stadium
Rays set to announce deal for new downtown St. Petersburg stadium
The Tampa Bay Rays are expected to make a major announcement regarding the completion of a deal to build a new stadium in downtown St. Petersburg. The stadium will be constructed near the current Tropicana Field site as part of the redevelopment of the Historic Gas Plant District. Preliminary information suggests that the stadium will have a fixed dome roof, an artificial turf field, seat approximately 30,000 spectators, and cost over $1.2 billion. Talks between the Rays and the city and county have been progressing well, and a deal is expected to be reached by the end of the year.
New Stadium in Downtown St. Petersburg
The new stadium in downtown St. Petersburg is set to provide a new home for the Tampa Bay Rays following the completion of their lease at Tropicana Field in 2027. The agreement is expected to lead to increased revenues for the team through higher attendance and more sponsorship deals. This, in turn, will allow the team to improve facilities and increase player payroll. The new stadium will mark the end of a 16-year search for a suitable location, with previous proposals on both sides of Tampa Bay. The deal also eliminates speculation about the team relocating to other cities.
Positive Outlook for the Deal
Owner Stuart Sternberg expressed optimism about the deal, stating that the team expects to contribute financially to the stadium project. Talks are also underway with investors who may contribute to the project in exchange for shares in the team. The new stadium is seen as a significant opportunity for the Rays to enhance their revenue streams and secure a long-term home. Details of the announcement are yet to be revealed, but it is anticipated that the new stadium will be open for the 2028 season.
