Tampa Bay Rays stadium deal is dead
/In a stunning turn of events, the Tampa Bay Rays have abandoned plans to construct a $1.37 billion stadium in downtown St. Petersburg, citing unforeseen challenges stemming from back-to-back hurricanes and delayed negotiations. The decision halts a long-negotiated deal to replace Tropicana Field and redevelop the Historic Gas Plant District, a project once seen as a catalyst for the city's future.
The Rays’ development partner, Hines, will no longer move forward with the ambitious transformation of Tropicana Field’s vast parking lots into a vibrant mixed-use district. That plan aimed to pay homage to the Black community displaced by the original stadium’s construction. While the deal is now off the table, Rays owner Stuart Sternberg left open the possibility of a restructured agreement.
"After careful deliberation, we have concluded we cannot move forward with the new ballpark and development project at this moment," Sternberg said in a statement. "A series of events beginning in October that no one could have anticipated led to this difficult decision."
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