Rays owner Stuart Sternberg told the Tampa Bay Times earlier this month that the organization expected to “pay for half or more” of the cost for the stadium. The remainder of the cost will be contributed by the city of St. Petersburg and Pinellas County.
The new stadium will be part of a massive redevelopment of St. Petersburg’s 86-acre Gas Plant District — a project that also includes affordable housing, office space and retail in what was once a thriving Black neighborhood.
The team and the city initially unveiled outlines for the project in January, with Mayor Ken Welch calling the Rays “the best partner for this generational endeavor.”
Information from The Associated Press was used in this report.