Tampa Bay Rays Announce Tentative $2.3 Billion Stadium Deal
Rays have tentative deal for $2.3B Tampa stadium
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The Tampa Bay Rays have reached a tentative agreement for a new $2.3 billion stadium in Tampa, Florida, funded by both public and private sources. The deal includes $967 million from tax dollars and is set to be voted on by local officials next week.
- 01Tentative $2.3 billion deal for new stadium announced by Tampa Bay Rays.
- 02$967 million of the funding will come from tax dollars.
- 03Vote on the memorandum of understanding expected next week.
- 04New stadium aims to revitalize the Dale Mabry Campus of Hillsborough College.
- 05Rays hope to complete the stadium within three years.
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The Tampa Bay Rays have announced a tentative agreement for a $2.3 billion new stadium in Tampa, Florida, which will be funded through a mix of public and private sources. The deal includes $967 million in tax funding and is outlined in a nonbinding memorandum of understanding between the Rays, Hillsborough County, and the city of Tampa. Local officials are scheduled to vote on the agreement at separate meetings next week. Rays CEO Ken Babby emphasized the importance of the deal for the community, stating it would create a new home for the team and rejuvenate the Dale Mabry Campus of Hillsborough College. The stadium is planned to be built adjacent to the college and will include a mixed-use entertainment district. The Rays currently play at Tropicana Field in St. Petersburg and hope to complete the new stadium within three years. The team's lease at Tropicana Field runs through at least the 2028 season.
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The new stadium is expected to create jobs and boost the local economy through construction and increased tourism.
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