Current:Home > MarketsCity council vote could enable a new Tampa Bay Rays ballpark — and the old site’s transformation-DB Wealth Institute B2 Reviews & Ratings
City council vote could enable a new Tampa Bay Rays ballpark — and the old site’s transformation
lotradecoin crypto trading academy View Date:2024-12-25 17:18:29
ST. PETERSBURG, Fla. (AP) — A key city council vote Thursday on a major redevelopment project in St. Petersburg could pave the way to give baseball’s Tampa Bay Rays a new ballpark, which would guarantee the team stays for at least 30 years.
The $6.5 billion project, supporters say, would transform an 86-acre (34-hectare) tract in the city’s downtown, with plans in the coming years for a Black history museum, affordable housing, a hotel, green space, entertainment venues and office and retail space. There’s the promise of thousands of jobs as well.
The site, where the Rays’ domed Tropicana Field and its expansive parking lots now sit, was once a thriving Black community driven out by construction of the ballpark and an interstate highway. A priority for St. Petersburg Mayor Ken Welch is to right some of those past wrongs in what is known as the Historic Gas Plant District.
“The city’s never done anything of this scope,” said Welch, the city’s first Black mayor with family ties to the old neighborhood. “It’s a momentous day for our city and county.”
The linchpin of the project is the planned $1.3 billion ballpark with 30,000 seats, scheduled to open for the 2028 season. That would cap years of uncertainty about the Rays’ future, including possible moves across the bay to Tampa, or to Nashville, Tennessee, or even to split home games between St. Petersburg and Montreal, an idea MLB rejected.
Stu Sternberg, the Rays’ principal owner, said approval of the project — which also requires a vote by the Pinellas County Commission — will settle the question of the team’s future location.
“We want to be here. We want to be here to stay,” Sternberg said Wednesday.
The Rays typically draw among the lowest attendance in MLB, even though the team has made the playoffs five years in a row. This year, at this week’s All-Star break, the Rays have a 48-48 record, placing them fourth in the American League East division.
The financing plan calls for the city to spend about $417.5 million, including $287.5 million for the ballpark itself and $130 million in infrastructure for the larger redevelopment project that would include such things as sewage, traffic signals and roads. The city envisions no new or increased taxes.
Pinellas County, meanwhile, would spend about $312.5 million for its share of the ballpark costs. Officials say the county money will come from a bed tax largely funded by visitors that can be spent only on tourist-related and economic development expenses. The county commission is tentatively set to vote on the plan July 30.
The rest of the project would mainly be funded by the Rays and the Houston-based Hines development company.
The ballpark plan is part of a wave of construction or renovation projects at sports venues across the country, including the Milwaukee Brewers, Buffalo Bills, Tennessee Titans and the Oakland Athletics, who are planning to relocate to Las Vegas. Like the Rays proposal, all of the projects come with millions of dollars in public funding that usually draws opposition.
Although the city’s business and political leadership is mostly behind the deal, there are detractors. Council member Richie Floyd said there are many more ways the ballpark money could be spent to meet numerous community needs.
“It still represents one of the largest stadium subsidies in MLB history. That’s the core of my concern,” Floyd said.
A citizen group called “No Home Run” and other organizations oppose the deal, with the conservative/libertarian Americans for Prosperity contending the track record for other publicly financed sports stadiums is not encouraging.
“The economic benefits promised by proponents of publicly funded sports stadiums fail to materialize time and time again,” said Skylar Zander, the group’s state director. “Studies have consistently shown that the return on investment for such projects is questionable at best, with most of the economic gains flowing to private interests rather than the general public.”
Still, the project seems to have momentum on its side. For former residents and descendants of the Gas Plant District neighborhood, it can’t come soon enough.
“All over this country our history is erased. That will not happen here,” said Gwendolyn Reese, president of the African American Heritage Association of St. Petersburg. “Our voices will be heard. And not just heard, but valued.”
veryGood! (31181)
Related
- Proposal to allow local police to make arrests near Arizona border with Mexico will appear on ballot
- Chrissy Teigen Claps Back After Critic Says She Only Has Kids to Stay Relevant
- The Daily Money: Big cuts at Best Buy
- Imprisoned drug-diluting pharmacist to be moved to halfway house soon, victims’ lawyer says
- 'Truffles is just like me:' How a Pennsylvania cat makes kids feel proud to wear glasses
- Schweppes Ginger Ale recalled after PepsiCo finds sugar-free cans have 'full sugar'
- Coal miners getting new protections from silica dust linked to black lung disease
- House sends Mayorkas impeachment articles to Senate as clash over trial looms
- Rob Schneider Responds to Daughter Elle King Calling Out His Parenting
- A former youth detention center resident testifies about ‘hit squad’ attack
Ranking
- Family of man killed by Connecticut police officer files lawsuit, seeks federal probe of department
- Kate Hudson Defends Her Brother Oliver Hudson Against Trolls
- Chiefs' Rashee Rice, SMU's Teddy Knox face $10 million lawsuit for crash
- DeSantis tweaks Florida book challenge law, blames liberal activist who wanted Bible out of schools
- Demi Lovato opens up about how 'daddy issues' led her to chase child stardom, success
- Rico Wade: Hip-hop community, Atlanta react to the death of the legendary producer
- Crop-rich California region may fall under state monitoring to preserve groundwater flow
- 'American Idol' recap: First platinum ticket singer sent home as six contestants say goodbye
Recommendation
-
2025 COLA estimate dips with inflation, but high daily expenses still burn seniors
-
Man gets 37-year sentence for kidnapping FBI employee in South Dakota
-
Home values rising in Detroit, especially for Black homeowners, study shows
-
Barbie craze extends to summer grilling with Heinz Classic Barbiecue Sauce
-
Rob Schneider seeks forgiveness from daughter Elle King after 'fat camp' claims
-
Spotify builds library pop-up in Los Angeles to promote Taylor Swift's 'Tortured Poets'
-
Pamela Anderson to star opposite Liam Neeson in 'Naked Gun' reboot
-
NPR suspends senior editor Uri Berliner after essay accusing outlet of liberal bias