JOURNAL ARTICLE

MLB's Rays Bail on Deal for New Ballpark in St. Petersburg.

  • Published In: Bloomberg.com, 2025. 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 decided to withdraw from a $1.37 billion deal to construct a new stadium in St. Petersburg, Florida, despite an agreement reached with the city and Pinellas County. The team's owner, Stu Sternberg, cited an inability to proceed with the project at this time, emphasizing the need to find a ballpark solution that benefits the region, Major League Baseball, and the organization. Local officials expressed frustration over the failed negotiations, with concerns raised about the team potentially relocating to another city. The future of the Rays' stadium remains uncertain as the team's lease at Tropicana Field expires in 2027. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/03, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2025
  • Accession Number:183695495
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