$1.3 billion Rays stadium preliminarily approved by St. Pete City Council, final vote set for July

$1.3 billion Rays stadium preliminarily approved by St. Pete City Council, final vote set for July

Who's picking up the tab for the new Tampa Bay Rays's $1.3 billion ballpark, where’s that funding is coming from, and other lingering questions were answered this week during a seven-hour-long discussion.

On Wednesday morning, St. Pete City Councilmembers, Mayor Ken Welch, and Rays executives hashed out the details of the stadium agreement during a Committee of the Whole workshop meeting.

On Thursday, St. Petersburg City Council preliminarily voted 5-3 to approve a development agreement for the new Rays stadium. The opposing votes came from Councilmembers Hanewicz, Muhammad, and Floyd.

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Done Deals: Poll shows residents oppose Rays deal, Friends of Strays expands campus, Waffle restaurant debuts

Done Deals: Poll shows residents oppose Rays deal, Friends of Strays expands campus, Waffle restaurant debuts

Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

Have real estate news to share? Send us an email at hello@stpeterising.com

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Rays and Hines inch closer to striking deal with city on Gas Plant development agreement

Rays and Hines inch closer to striking deal with city on Gas Plant development agreement

A nine-hour discussion ensued Thursday as St. Pete City Council members meticulously combed through the Tampa Bay Rays and Hines' 183-page development agreement for the Historic Gas Plant District. 

It took over a decade and countless hours of negotiations to reach this milestone conversation about the $6.5 billion development that will transform 86 acres in the heart of downtown St. Pete into an 8-million-square-foot mixed-use district anchored by a new ballpark - becoming the largest project to ever commence in Tampa Bay. 

If ultimately approved, the new 30,000-seat enclosed stadium will open in 2028 as part of the first phase of the 30-year planned development.

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