Hillsborough County Approves Initial $90 Million for Proposed Rays Stadium
Hillsborough County commissioners have approved the first $90 million installment of renewed Community Investment Tax (CIT) money designated for the proposed Tampa Bay Rays stadium project.
Tampa St. Petersburg, FL, November 10, 2026 —
Hillsborough County commissioners have officially greenlit the initial allocation of $90 million from the Community Investment Tax (CIT) to support the proposed stadium project for the Tampa Bay Rays.
The approval marks a significant step in the funding process for the new ballpark, which is intended to house the Major League Baseball team. The Community Investment Tax is a dedicated revenue source within the county, and its renewed allocation is now being directed towards this large-scale public infrastructure endeavor.
The $90 million represents the first installment of funding from the CIT, indicating a phased approach to the project’s financial backing. The total financial commitment and the timeline for subsequent disbursements were not detailed in the information provided.
Details regarding the specific uses of this initial $90 million installment, such as land acquisition, design, or initial construction phases, were not made available. Similarly, the exact location and projected completion date for the proposed stadium remain subjects of ongoing discussion and planning.
The Tampa Bay Rays organization has been seeking a new stadium solution for several years, exploring various locations and funding models. This approval by Hillsborough County commissioners signifies a key development in securing public financial support for the project, a common element in the development of new professional sports venues.
Further information on the project’s full budget, the total expected contribution from the CIT, and the roles of other potential funding sources, including private investment from the Rays ownership, is anticipated as the project progresses through its development stages. The commissioners’ vote indicates a commitment to moving forward with the stadium proposal, contingent on further planning and approvals.
Story summarized from the original created by Jada Williams on www.tampabay28.com, see more information here.
