The Tampa Bay Rays’ stadium project at Hillsborough College’s Dale Mabry site could mean a brand-new campus.

According to a non-binding memorandum of understanding obtained by the Tampa Bay Times, the project includes three parts: redeveloping the 113-acre Dale Mabry campus facilities, building the stadium with related amenities and creating a mixed-use development.

The Hillsborough College District Board of Trustees will meet Tuesday afternoon in a special board meeting to discuss and vote on the MOU.

According to the document, the team and college will negotiate an ownership and financing structure.

Hillsborough College wouldlease all property other than their campus area to the Rays with a long-term lease, not less than 99 years. If public funding goes to the stadium or related amenities, its ownership would be transferred to the county, which would keep the team’s owners from having to pay property taxes

College facilities wouldbe built as a “standalone project” on the southwest corner of the property, facing N Lois Avenue. The area wouldnot be leased to the Rays, and the college wouldbe responsible for construction and upkeep. The planincludes new educational facilities, infrastructure, parking and common spaces.

The “College District” is subject to the Rays’ approval on design, aesthetics and architectural standards.

Any construction by the Rays that includes demolishing the college’s current buildings “shall be done in a manner so as to minimize interference with HC’s operations and activities,” including building temporary facilities, according to the agreement.

The mixed-use development may consist of hotels, restaurants, retail space, multifamily buildings, sports and health buildings, commercial buildings and parking. The Rays wouldhave control over this area.

The Rays and the college would not be required to use the same developer for their respective projects.

The project’s master plan is subject to Hillsborough College’s approval.

Lucy Marques is a reporter covering education as a member of the Tampa Bay Times Education Hub in partnership with Open Campus. You can contribute to the hub through our journalism fund by clicking here.