New Rays owners introduced, pledge to build new stadium in Tampa Bay
/The new ownership group of the Tampa Bay Rays intends to keep the team playing in St. Petersburg, at least for now, while exploring potential sites around Tampa Bay for a permanent stadium.
On Tuesday morning at Steinbrenner Field in Tampa, the team’s new leadership, Managing Partner and Co-Chair Patrick Zalupski, Co-Chair Bill Cosgrove, and Chief Executive Officer Ken Babby, outlined their long-term vision to a room filled with reporters, former team executives, and public officials from both sides of the bay.
“It’s no secret that we need a new, forever home to secure the Rays’ long-term future in Tampa Bay, and delivering upon that objective will be our first priority,” said Zalupski, CEO of Jacksonville-based Dream Finders Homes Inc. “Our goal is to have a new world-class ballpark ready for opening day 2029.”
Under their current lease agreement, the Rays are required to play at Tropicana Field for three more seasons.
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Mayor Ken Welch has selected Magellan Housing as the preferred developer for Commerce Park, a 3.03-acre, city-owned site near 22nd Street South and 7th Avenue South across from the Manhattan Casino in south St. Pete.
Magellan, through its local affiliate Deuces Rising, LLC, was one of seven teams that responded to the city’s April request for proposals.
Its plan, called The Deuces at Commerce Park, includes an eight-story, 120-unit affordable apartment building, about 6,000 square feet of retail space along 22nd Street South, and six for-sale townhomes in a second phase.
The selection gives the Texas-based affordable-housing developer the opportunity to negotiate a deal with the city. Any final agreement must return to City Council for a separate vote, and the council is not likely to approve an agreement before November’s mayoral election.
All 120 apartments would be income-restricted, meaning residents would have to meet income limits to qualify. The proposal calls for 24 apartments reserved for households earning up to 30% of the area median income, 60 for households earning up to 60% of AMI, and 36 for households earning up to 80% of AMI.