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Tampa Bay Rays stadium deal: MOU framework explained - Tampa Bay ...

  • On Thursday, the Tampa Bay Rays and Hillsborough County announced a tentative $2.3 billion agreement for a new ballpark on the Dale Mabry campus of Hillsborough College, marking a major breakthrough after years of failed stadium negotiations.
  • Rays Chief Executive Officer Ken Babby set a June 1 deadline for a deal framework to preserve the team's goal of opening a new ballpark by the 2029 baseball season after the Rays' lease in St. Petersburg expires.
  • The nonbinding memorandum of understanding caps public funding at $976 million toward the $2.3 billion project, with the Rays responsible for remaining costs and any overruns beyond the public contribution.
  • Voting on the proposal is scheduled for May 20 and May 21, as the Hillsborough County Commission and Tampa City Council consider the nonbinding agreement before the team's June 1 deadline.
  • Governor Ron DeSantis indicated state support for surrounding infrastructure but not direct stadium funding, while Commissioner Joshua Wostal criticized the plan, citing "severe material deficiencies" requiring resolution before approval.
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The Washington Post broke the news on Thursday, May 14, 2026.
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