JOURNAL ARTICLE

MLB's Rays Land Ballpark Bond Deal to Remain in Tampa Bay.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Adler, Maxwell; Kaiser, Anna J 3 of 3

Abstract

The Tampa Bay Rays have secured approval for borrowing over $300 million in bonds to fund their proposed new stadium in St. Petersburg's Historic Gas Plant District. The team will contribute $700 million towards the $1.37 billion project and cover all cost overruns. The stadium will anchor a mixed-use area with affordable housing, retail, and green spaces, aiming to boost economic growth in the region. The project faced delays, including damage from Hurricane Milton, but the Rays remain committed to completing the new ballpark by 2029. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/12, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:181728835
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