Rays Unveil $2.3B Stadium Plan, Seeking Public Funds

0:00The Tampa Bay Rays laid out fresh details on a potential new ballpark in Tampa, pegging the total project at $2.3 billion. They'd cover $1.235 billion plus any cost overruns while public funds top out at $1.065 billion. This stems from a non-binding memorandum of understanding with Hillsboro County, the city of Tampa, and the sports authority. Earlier this month on February 5th, they shared initial renderings for the mixed use site at Hillsboro College's Dale Maybury campus. Fans and locals are buzzing over the funding plan, which skips new taxes by tapping existing city and county revenues. Still, a $64 million shortfall shows up as needing extra public cash, sparking debates on priorities amid tight budgets. County commissioners are now weighing a voter-approved tax pot worth over $1.2 billion to bridge the stadium gap. The proposed lease runs 35 years, with 15-year extension options baked in. As reporters keep dissecting the MOU, this Rays Relocation saga in Tampa Bay is far from over

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