Latest Developments In Rays’ Stadium Situation

On Tuesday evening, the Pinellas County Commission voted by a 5-2 margin to approve roughly $312.5MM in public funding for the proposed $1.3 billion project to construct a long-term stadium for the Rays. However, the tension between the organization and county officials is far from resolved. Colleen Wright of the Tampa Bay Times and Kate Payne/Curt Anderson of The Associated Press were among those who covered the news.

The Rays did not attend the meeting. Team president Matt Silverman released a statement after the vote that read:

“It was unsurprising to see the Commissioners acknowledge how important the Tampa Bay Rays and our stadium development agreement are to this community and its citizens. As we have made clear, the County’s delay has caused the ballpark’s completion to slide into 2029. As a result, the cost of the project has increased significantly, and we cannot absorb this increase alone. When the County and City wish to engage, we remain ready to solve this funding gap together.”

The dispute stems from the county’s decision to delay previous votes on the stadium bonds, which were initially scheduled for October 29. At the time, the county was in the immediate aftermath of the consecutive hurricanes which devastated the area. The storms ripped the roof from Tropicana Field, necessitating significant repairs to the Rays’ current home. Between the storm damage and a changed council membership after November’s elections, the county decided to postpone the vote on multiple occasions.

Last month, the Rays released a statement criticizing the delays. According to the organization, the postponements made it unfeasible to have the park constructed for the 2028 season. The team wrote that constructing a stadium for ’29 “would result in significantly higher costs,” which the team does not want to fully absorb. The stadium deal had been agreed upon between the county and the Rays in July, with the bonds expected to be rubber stamped at October’s vote. The July deal left the responsibility for all cost overruns on the Rays.

While the team has not publicly stated how much more expensive it believes construction will be, one county official said (via Wright) that the team has privately put that number around $200MM. County officials have expressed skepticism about that sum, arguing that a delay of less than two months could not cause such significant expenditures.

In any case, the ball is back in the Rays’ court. The Tampa Bay Times writes that the Rays have the ability to withdraw from the deal via a termination letter. The organization must meet various benchmarks by March 31, 2025, or the deal will automatically become void. The Rays seem likely to push for more negotiations to try to unlock additional public funding in the coming months. County commissioners and St. Petersburg mayor Ken Welch have stated they’re not willing to commit more public money beyond what was approved on Tuesday, according to The Tampa Bay Times.