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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.