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Rays to Meet with HCC Board of Trustees Regarding New Stadium

The memorandum would grant up to 180 days of exclusive negotiations for a 99-year lease to develop a stadium and mixed-use project benefiting the Rays and Hillsborough College.

  • On Tuesday, the Hillsborough College District Board of Trustees voted unanimously to approve a Memorandum of Understanding allowing the Tampa Bay Rays to pursue redevelopment of the Dale Mabry campus.
  • The memorandum offers a first look at redeveloping 113 acres into a stadium and mixed-use district while delivering a new standalone campus for Hillsborough College, with Rays owners Ken Babby, Patrick Zalupski and Bill Cosgrove seeking to keep the franchise in Tampa.
  • The MOU allows the Rays to lease nearly all property for at least 99 years, while Hillsborough College must support efforts to amend deed restrictions with the State of Florida.
  • Local leaders must grapple with unresolved tax, parking and financing questions as talks advance, with the college's blessing shifting responsibility to city and county officials to move the concept toward reality.
  • Republican Hillsborough Commissioner Joshua Wostal warned `Public investments in private stadiums have a storied issue of over-promising and under-delivering`, while Florida Gov. Ron DeSantis said 15,000 fans is insufficient but 25,000 could improve viability.
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tampabay28.com broke the news in on Tuesday, January 20, 2026.
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