Rays say no more concessions as ballpark deal moves toward final terms

1 min read
Source: Tampa Bay Times
Rays say no more concessions as ballpark deal moves toward final terms
Photo: Tampa Bay Times
TL;DR Summary

Rays CEO Ken Babby said there will be no reopening of the deal’s economics and no further concessions in finalizing the $2.3 billion domed stadium plan; the framework stays the same with about $976 million in public funds (county $796 million, city $180 million) and the Rays covering roughly 55% of project costs plus overruns, plus their ongoing maintenance obligations. The Community Investment Tax funding remains a key component, the Rays have raised their total investment to over $1.2 billion, and officials plan to draft definitive documents for final votes as they push to move the project forward.

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