• Approved - New Rays Stadium, St. Pete Council says YES 5 to 3

  • Jul 20 2024
  • Length: 42 mins
  • Podcast

Approved - New Rays Stadium, St. Pete Council says YES 5 to 3

  • Summary

  • Colleen Wright journalist of TampaBay.com discusses St. Pete Council approval of new Tampa Bay Rays stadium & the long journey to get there

    • Council Votes & Reactions
    • Recent council decisions were expected, with minor changes to environmental & sustainability language
    • The council vote went as expected, with a 5-3 split
    • Strengthened language in the contract aimed to ensure implementation of standards, not just aspirations
    • Mat watched the council meeting & acknowledged the valid concerns raised
    • Contract Language & Concerns
    • Tweaks were made to tighten the deal, particularly concerning the resale of publicly owned land
    • Concerns about "Rays or Hines affiliates" receiving property without clear definitions
    • Council member, pushed for clearer contract terms & transparency
    • Development Timeline
    • Stadium completion targeted by 2028
    • 300 affordable housing units are expected by 2030
    • Full development build-out will span 30 years
    • The stadium will remain county-owned, with the Rays controlling broadcasting, naming rights, concessions, & ticket revenues
    • Discussion on the financial benefits for Rays' owner, Stu Sternberg, including the potential increase in team valuation with the new stadium
    • Community Impact & Long-Term Vision
    • The deal has mixed reactions, with some community members & groups wanting a more equitable deal
    • Concerns over future enforceability of contract terms
    • Importance of written contracts for ensuring commitments are met over time
    • The development will include a fresh food market, though its completion is not legally required until 2045
    • The project is subject to various permits & zoning changes, with groundbreaking expected in 2025
    • The importance of timely development to avoid losing the Rays as a key part of the project
    • The project is expected to significantly impact the area, with phased developments over 30 years
    • Continued scrutiny & clear contractual terms are crucial for the project's success & community satisfaction
    • Kudos to Colleen Wright & St Pete Times team for their coverage of the Rays
    • Stu Sternberg’s longstanding commitment to St. Pete

    Thanks to Mat Germain for bringing his knowledge, wit and wisdom to the show. You can catch more of Mat on Twitter x.com @Mat_Germain_
    Mark can be found on Twitter x.com @TheBaseballBiz & and at http://www.baseballbizondeck.com
    Subscribe, follow and rate the show. Thank you.
    BaseballBiz is on iheartradio, Stitcher, Apple, and Spotify
    Special thanks to XTaKeRuX for the music “Rocking Forward"

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