JOURNAL ARTICLE

Tampa Bay Rays Secure New Stadium as County Approves Bonds.

  • 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 a new stadium in St. Petersburg's Historic Gas Plant District, with Pinellas County officials green-lighting over $300 million in bonds for the $1.37 billion project. The team, led by financier Stu Sternberg, will contribute $700 million and cover all cost overruns. The new stadium, set to debut in 2028, will anchor a mixed-use area with affordable housing, retail, and green spaces, aiming to boost economic growth in the region. Despite setbacks, including damage from Hurricane Milton, the project is moving forward after facing delays and uncertainties. [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:181708457
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