The Tampa Bay Rays are set to make a big announcement on Tuesday concerning the development of a brand new stadium in downtown St. Petersburg. The brand new stadium might be positioned close to the present Tropicana Area website as a part of the redevelopment of the Historic Gasoline Plant District. It’s anticipated to be open for the 2028 season.

Preliminary info means that the brand new stadium can have a hard and fast dome roof and a synthetic turf discipline. It’s estimated to have a seating capability of round 30,000 and price over $1.2 billion. The funding for the mission will come from contributions from the group, St. Petersburg, and Pinellas County.

Rays principal proprietor Stuart Sternberg has expressed optimism about reaching a cope with the town and county by the top of the 12 months. He has additionally said that the group expects to finance at the very least half of the stadium mission and is in search of buyers to contribute to the remaining price in change for shares within the group.

The brand new stadium settlement will present the group with a brand new dwelling after their 30-year lease at Tropicana Area expires in 2027. Staff officers anticipate that the brand new stadium will result in elevated revenues by greater attendance and extra sponsorship offers. These elevated revenues will permit them to enhance services and improve participant payroll.

This announcement brings an finish to a 16-year seek for a brand new stadium, which included proposed websites in each Tampa and St. Petersburg. Regardless of exploring the opportunity of constructing a stadium in Tampa, negotiations didn’t progress far sufficient to ascertain a financing package deal. Moreover, a plan to separate dwelling video games between Montreal and Tampa was rejected by Main League Baseball officers.

The announcement ought to put an finish to hypothesis in regards to the group doubtlessly relocating to cities like Nashville or Las Vegas. Additional particulars in regards to the Rays’ announcement are at present not obtainable.