Tampa, FL – The Tampa Bay Rays and local government officials announced a tentative agreement for a proposed $2.3 billion stadium and redevelopment project that could determine the franchise\u2019s long term future in the Tampa Bay area.<\/p>\n
The proposed project would place a new Major League Baseball stadium near Hillsborough Community College\u2019s Dale Mabry campus in Tampa, close to Raymond James Stadium and George M. Steinbrenner Field. <\/p>\n
Officials said the agreement currently exists as a nonbinding memorandum of understanding between the Rays, Hillsborough County and the City of Tampa.<\/p>\n
According to details released Thursday, the Rays ownership group would contribute approximately $1.235 billion toward construction costs and would reportedly be responsible for covering any project cost overruns. <\/p>\n
Local governments are expected to provide approximately $967 million through a combination of public funding, land contributions, infrastructure improvements and redevelopment support.<\/p>\n
Plans for the proposed district include a new baseball stadium along with surrounding retail, residential, entertainment and public space developments. <\/p>\n
Officials also discussed future redevelopment opportunities connected to nearby college property and surrounding areas.<\/p>\n
The announcement follows ongoing uncertainty regarding the Rays\u2019 future stadium plans after a previous redevelopment proposal in St. Petersburg failed to move forward. <\/p>\n
Tropicana Field also sustained major hurricane related damage during Hurricane Milton in 2025, increasing pressure for a long term replacement facility.<\/p>\n
Officials said the proposed agreement still requires approval from both the Tampa City Council and Hillsborough County Commission before construction can move forward. <\/p>\n
If approved, project leaders hope to complete the stadium in time for the 2029 Major League Baseball season.<\/p>\n","protected":false},"excerpt":{"rendered":"Tampa, FL – The Tampa Bay Rays and local government officials announced a tentative agreement for a proposed…\n","protected":false},"author":2,"featured_media":699823,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2377],"tags":[8684,5,8929,610,7497,19,4,62311,297,88141,1428,20044,295,2550,68,2551,2549],"class_list":["post-699822","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa-bay-rays","tag-agreement","tag-baseball","tag-entertainment-district","tag-fl","tag-government","tag-major-league-baseball","tag-mlb","tag-officials","tag-rays","tag-redevelopment-project","tag-stadium","tag-stadium-deal","tag-tampa","tag-tampa-bay","tag-tampa-bay-rays","tag-tampabay","tag-tampabayrays"],"share_on_mastodon":{"url":"https:\/\/channels.im\/@mlb\/116580149090669692","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/699822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/comments?post=699822"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/699822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media\/699823"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media?parent=699822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/categories?post=699822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/tags?post=699822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}