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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The next phase of the Rainbow Village redevelopment in Largo is taking shape, with four new apartment buildings planned as part of a long-term effort expected to deliver approximately 400 affordable homes to the community.
Newstar Development, in partnership with the Pinellas County Housing Authority, recently filed construction permits for Grand Oaks, the third phase of the four-phase redevelopment at 13224 Washington Drive in Largo’s Greater Ridgecrest neighborhood.
Grand Oaks will replace 62 older public housing units with four three-story apartment buildings containing 120 affordable apartments for families earning between 30% and 80% of the area median income (AMI).
The $48.7 million development will include 33 one-bedroom apartments measuring 741 square feet, 60 two-bedroom apartments measuring 1,066 square feet, and 27 three-bedroom apartments measuring 1,341 square feet.
Residents will have access to a clubhouse and community building with a fitness center, sports courts, green space, and an attached wellness center, along with a playground and youth recreation center.