Tampa Bay Rays get final decision over new $1.3billion stadium after Rob Manfred influence following Hurricane Milton
The municipal government’s decision to approve $312.5 million in bonds for the Tampa Bay Rays’ new stadium has given them a lift.
The Rays’ ownership had initially wanted to finish the $1.3 billion ballpark in time for the 2028 season, but it now seems like 2029 is a more feasible goal.
MLB Commissioner Rob Manfred helped change the minds of the Pinellas County Commission, which voted 5-2 to authorize bonds for the Rays’ new stadium.
In the summer, funding was first agreed upon, but it was twice postponed due to project-related issues.
Manfred, 66, is going to Florida to support the Rays and demonstrate his dedication to MLB’s presence in the Florida market.
Chris Latvala, the county commissioner, stated that the MLB chief’s look was a major factor in his decision.
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“I trust Mr. Manfred, but I don’t trust the Rays’ owner,” he remarked. I am voting in favor of him.
“MLB is aware of the Rays organization’s repeated attempts to purposefully undermine the agreement they made.
“With this vote, I hope that the Tampa Bay Rays will at last have the same owner as our other fantastic local teams.
“I hope our vote today helps set the wheels in motion for a new owner and a new era of Tampa Bay Raysbaseball.”
The Rays will need to pay for the remaining $700 million of the project themselves, even after obtaining separate bonds totaling $287.5 million.
Owner Stu Sternberg might try to discover more outside finance sources in order to accomplish this.
Tropicana Field, the current home of Tampa Bay, will be permanently closed.
This is because Hurricane Milton in October caused a great deal of damage.
The severe storm totally demolished the stadium’s roof, which could accommodate 25,025 people.
George M. Steinbrenner Field will host the Rays’ home games in 2025 instead.
FURTHER UNCERTAINTY
The New York Yankees’ spring training stadium has 11,000 seats and is a minor league ballpark.
The Rays are reportedly going to pay the Yankees $15 million to use their stadium.
Tropicana Stadium is around 20 kilometers away from George M. Steinbrenner Field.
Where the Rays will play beyond 2025 is still up in the air.
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On delays to building their new home, co-president Matt Silverman said, “As we have made clear, the county s delay has caused the ballpark s completion to slide into 2029,
“As a result, the cost of the project has increased significantly, and we cannot absorb this increase alone. We’re still prepared to work with the county and city to close this revenue gap when they want to.”
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