Tampa Officials, Rays Agree on $2.3B Stadium MOU
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Tampa, Florida. Officials announced Thursday that the Tampa Bay Rays, Hillsborough County and the city of Tampa reached a nonbinding memorandum of understanding to pursue a $2.3 billion ballpark on Hillsborough College's Dale Mabry campus; separately, Florida Highway Patrol reported a fatal crash on Interstate 75 late Thursday that closed all southbound lanes near Fletcher Avenue.
The MOU outlines potential public funding totaling about $976 million — roughly $796 million from the county and $180 million from the city — with the Rays providing approximately $1.27 billion and covering potential overruns; officials scheduled a Friday news conference and Hillsborough College will vote next week on a ground lease while county leaders request further cost breakdowns.
More context
Timeline
- 1. Thursday: A 30-page memorandum of understanding was released between the Rays, Hillsborough County and the city of Tampa.
- 2. Thursday: Spectrum News published Commissioner Joshua Wostal's statement criticizing the MOU's lack of cost breakdowns and calling it deficient.
- 3. Thursday: Hillsborough County attorney circulated a memo noting the MOU is nonbinding and key issues remain unresolved.
- 4. Friday: A news conference at Tampa City Hall was scheduled with Rays CEO Ken Babby, County Chair Ken Hagan and Mayor Jane Castor.
- 5. Next week: Hillsborough College is set to vote on a ground lease related to the proposed stadium.
Why it matters
The proposed $2.3 billion ballpark could bring jobs, tourism, and economic growth to Tampa. But it also means a hefty public funding bill. If you're a Hillsborough County or Tampa city resident, your tax dollars could contribute to this project. Stay informed by attending the Friday news conference or following local news.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
