- The Tampa Bay Rays are ending a 16-year search for a new home.
- Finalizing plans for a new 30,000-seat baseball stadium in downtown St. Petersburg.
- Costing over $1.2 billion, it is part of the redevelopment of the Historic Gas Plant District.
St. PETERSBURG — After a 16-year quest and numerous proposals on both sides of Tampa Bay, the Tampa Bay Rays are set to make a major announcement regarding the completion of a deal to construct a new stadium in downtown St. Petersburg.
The new stadium, projected to have a fixed dome roof and artificial turf field, will seat approximately 30,000 fans and is expected to cost over $1.2 billion. The ballpark will be built near the current Tropicana Field site, forming a crucial part of the redevelopment of the 86-acre Historic Gas Plant District. The anticipated opening is set for the 2028 season.
Stuart Sternberg, principal owner of the Rays, expressed optimism about the ongoing talks with the city and county, indicating that the team plans to contribute “half or more” of the financing for the project. The Rays are also exploring opportunities for investors to contribute to the funding in exchange for shares in the team.
The new stadium will serve as the future home for the Tampa Bay Rays after their lease at Tropicana Field concludes in 2027. Tropicana Field, their current home, has faced criticism over the years, notably for its catwalks that affect gameplay.
The move to a new stadium is anticipated to boost attendance and enhance sponsorship deals, leading to increased revenues that can be utilized to improve facilities and increase player payroll.
The decision to build the new stadium in St. Petersburg effectively puts to rest relocation rumors that had previously circled around the team, with cities like Montreal, Nashville, and others being mentioned as potential new locations.
This development marks a significant milestone for Rays fans and ensures the team’s continued presence in the Tampa Bay region.