Tampa Bay Rays Near Proposed Stadium Deal with City and County
The Tampa Bay Rays have reached a proposed stadium deal with the city of Tampa and Hillsborough County. While final documents are still being prepared and subject to change, city and county votes are scheduled for late August. The new…
Tampa St. Petersburg, FL, August 21, 2026 —
The Tampa Bay Rays baseball team is nearing a significant stadium agreement with the city of Tampa and Hillsborough County. The proposed deal, which is still undergoing final documentation and is subject to potential revisions, is slated for votes by both the city and county officials in late August.
Central to the new proposal is a financial structure involving substantial loans. The plan includes an $80 million loan from the city and an additional $100 million loan designated for the Rays. Repayment of these loans is planned to be funded through property tax revenues generated by a planned adjacent mixed-use development. The specifics of this development and its financing are currently under review.
The proposed mixed-use development component of the stadium deal has drawn attention from some local officials. Concerns have been raised regarding the approval process for this development and the overall framework of the stadium’s financing. The exact nature of these concerns and the specific officials who have voiced them were not detailed in the available information. Final details regarding the stadium deal, including the precise terms of the loans and the mixed-use development, are expected as documents are finalized ahead of the upcoming votes.
Story summarized from the original created by By Nina Moske, Times staff,By Nicolas Villamil, Times staff,By Lizzy Alspach, Times staff on www.tampabay.com, see more information here.
