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Rays Stadium

All articles tagged with #rays stadium

local7 days ago•4 min saved

Hillsborough approves $2.3B Rays stadium deal, sealing Tampa Bay’s ballpark future

Hillsborough County’s 5-2 vote approves the Tampa Bay Rays’ $2.3 billion stadium plan, a move that follows a 4-3 City Council approval and aims to anchor Major League Baseball in the region. The county’s $796 million share is funded by $360 million from the Community Investment Tax, $303 million from bonded Tourist Development Tax, a $103 million draw from the main county account, and $30 million from HUD disaster-relief funds; supporters call it a transformative investment, while critics label it an irresponsible use of taxpayer dollars.

via Tampa Bay Times|

#funding-sources #hillsborough-county #local

local-government9 days ago•3 min saved

Tampa councilor calls Rays stadium plan a taxpayer burden

Tampa City Council member Lynn Hurtak released a six-minute video arguing the Rays stadium proposal would burden taxpayers, pointing to an $80 million city contribution via a loan or line of credit with no guaranteed repayment and possible funding from higher property taxes. The council is set to vote on the deal Thursday, followed by a Friday county vote. The Rays have issued non-binding commitments on transportation, affordable housing and minority-owned businesses, and Hillsborough College released new renderings for a reimagined campus.

via Tampa Bay Times|

#bond-financing #city-council-vote #hillsborough-college

business17 days ago•2 min saved

Rays stadium votes inch closer to scheduled decisions with September ground‑breaking in view

Hillsborough County and Tampa officials are close to scheduling definitive votes on the Rays’ $2.3 billion stadium at Dale Mabry, with the City Council slated to vote first and a potential Friday county session discussed; County Commissioner Ken Hagan says votes could be set for next week and, if approved, officials aim to have shovels in the ground by September.

via Tampa Bay Times|

#business #hillsborough-county #ken-babby

politics6 months ago•3 min saved

Florida Cabinet approves Hillsborough land transfer for Rays stadium project

The Florida Cabinet voted to transfer 22 acres of Hillsborough College land at the Dale Mabry campus to the Rays for a planned Tampa stadium and mixed-use district, with the team expected to fund about half of the up-to-$2.3 billion cost and remaining funds from Tampa and county sources. The transfer includes conditions: the project must have certain components built within five years, and Hillsborough College will retain ownership of redeveloped buildings. Gov. DeSantis voiced support, noting potential state funding for college buildings, while some lawmakers raised concerns about taxpayer subsidies and ensuring a tangible economic return.

via Tampa Bay Times|

#florida-cabinet #hillsborough-college #land-transfer