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Monday, September 18, 2023

Rays to announce St. Petersburg stadium deal this week

Here’s what we know:

After 16 years of speculation, dating back to the change from Devil Rays to Rays, the team is staying in St. Petersburg, FL.
The stadium plan remains what was reported earlier: a fixed roof stadium seating 30,000 and anchoring a larger overall development in the Historic Gas Plant District, which is where the current stadium is located today.

The new stadium would open for the 2028 season, but the overall development may not be complete until a decade later. You can view the Rays stadium redevelopment proposal here.

Last week, Topkin also reported the Rays would be willing to take on around $600 million to fund a new stadium, with rumors floating that Stu Sternberg was interested in selling a stake in the team for the influx of cash.

The announcement could come as soon as tomorrow, with WDAE’s Zac Blobner reporting that a change in ownership is potentially falling into place as well.

RoyalsRetro (AG#1F) Posted: September 18, 2023 at 10:23 AM | 22 comment(s) Login to Bookmark
  Tags: rays

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   1. catomi01 Posted: September 18, 2023 at 10:31 AM (#6141639)
The new stadium would open for the 2028 season, but the overall development may not be complete until a decade later.



Just in time for desperately needed renovations to the new stadium.
   2. The Yankee Clapper Posted: September 18, 2023 at 10:58 AM (#6141646)
The stadium plan remains what was reported earlier: a fixed roof stadium seating 30,000 and anchoring a larger overall development in the Historic Gas Plant District, which is where the current stadium is located today.
Perhaps the opportunity to be a real estate developer (who owns a baseball team) will lessen the direct subsidies. Or maybe that’s in addition? In any event, with the A’s & Rays stadiums apparently addressed, we’ll see how serious MLB is about expansion.
   3. Tony S Posted: September 18, 2023 at 11:04 AM (#6141647)

Sternberg's biggest virtue has been hiring knowledgeable baseball people to run the franchise to the point where the Rays are strong and competitive almost every season despite their relative financial limitations.

It would be ironic if this new ownership arrangement expanded the Rays' revenues and degraded their on-field performance.
   4. RoyalsRetro (AG#1F) Posted: September 18, 2023 at 11:07 AM (#6141648)
In any event, with the A’s & Rays stadiums apparently addressed, we’ll see how serious MLB is about expansion.


There's another wave of stadium negotiations coming up now - Kansas City and Arizona want new stadiums, Baltimore wants to build around theirs, Milwaukee is trying to get renos, and the Angels will probably be asking for a new stadium again soon. Nashville is the new patsy.
   5. DL from MN Posted: September 18, 2023 at 12:07 PM (#6141654)
Expansion is overdue. There's still money to be made in linear TV, take it while it lasts.
   6. Steve Parris, Je t'aime Posted: September 18, 2023 at 02:00 PM (#6141656)
Renaming the neighborhood from the "Gas Plant District" to literally anything else might help bump those attendance numbers.
   7. jmurph Posted: September 18, 2023 at 02:35 PM (#6141660)
Pour one out for the half season in Montreal, a plan that was definitely, totally, seriously real, for sure.
   8. The Duke Posted: September 18, 2023 at 02:57 PM (#6141662)
The rays kicking in $600 million ? I'll believe it when I see it. If they are, it's part of a trade for land worth much more than that for development. This is the new subsidy regime - land for ballpark village development. Pretty soon they'll be granted their own tax in authority ala Disney.

The one value to cities is that it's harder for teams to move because they jane to extricate themselves from their real estate deal AND then find a similar deal elsewhere.
   9. Walt Davis Posted: September 18, 2023 at 03:55 PM (#6141667)
Renaming the neighborhood from the "Gas Plant District" to literally anything else might help bump those attendance numbers.

Gastown!
   10. Walt Davis Posted: September 18, 2023 at 04:00 PM (#6141668)
There's another wave of stadium negotiations coming up now - Kansas City and Arizona want new stadiums, Baltimore wants to build around theirs, Milwaukee is trying to get renos, and the Angels will probably be asking for a new stadium again soon. Nashville is the new patsy.

Milwaukee couldn't wait
   11. DL from MN Posted: September 18, 2023 at 04:10 PM (#6141670)
Historic Gas Plant District


GPD
HisGasPlant
GaPlan
   12. McCoy Posted: September 18, 2023 at 06:32 PM (#6141678)
The Braves were gifted land and developments as part of the deal and I believe within 5 years they sold them off. So no these new deals won't make it harder for teams to move.
   13. NaOH Posted: September 18, 2023 at 08:19 PM (#6141687)
Can anyone who knows the area give an explanation: It's long been said that the current stadium is not in a good location in terms of accessibility, largely due to nearby bridge traffic. So why build a new stadium in the same location?
   14. Buck Coats Posted: September 18, 2023 at 08:56 PM (#6141691)
Because that way the owner gets a bunch of free land and development rights, the things he really wants. Paying part of the cost (maybe) of some baseball stadium is just the cost of that.
   15. Walt Davis Posted: September 18, 2023 at 09:10 PM (#6141695)
There are few challenges of owning a baseball team that can't be solved by a billion dollars of free real estate.
   16. Howie Menckel Posted: September 18, 2023 at 09:41 PM (#6141700)
as usual, Field of Schemes has an early look

I'm a bit of a contrarian at heart, so 100 or so consecutive taxpayer ripoffs re stadiums and arenas kind of bores me.

but it is what it is.

"affordable housing" once again will do its typical heavy lifting (supposedly).

the catch tends to be, as with the Brooklyn Nets arena, that:

a) a lot of the housing won't be built for at least 20 years
b) "affordable" in Brooklyn re the arena project has tended to mean that, for example, instead of paying $4,000 a month for an apartment, if you are related to a local power broker, you get it "on sale" for $3,400 a month or whatever.

I'd estimate that roughly 0 percent of the hundreds of activists who attended rowdy hearings there BITD forecasted that as the expected result.
   17. Cris E Posted: September 19, 2023 at 11:45 AM (#6141753)
Well thank goodness. Finally Tampa will have the resources to become as successful as their well-heeled neighbors the Marlins.
   18. RoyalsRetro (AG#1F) Posted: September 19, 2023 at 12:47 PM (#6141765)
Rays announce deal for St. Petersburg ballpark

The Rays reached an agreement with the city of St. Petersburg and Pinellas County to build a new, $1.3 billion ballpark as part of the redevelopment of the Tropicana Field site, an 86-acre area also known as the Historic Gas Plant District. The club, city and county made the announcement at Tropicana Field’s “162 Landing” on Tuesday morning....

The Rays’ proposal features an approximately 30,000-seat ballpark (with the capacity expanded to 35,000 for special events) with three seating levels, a fixed roof, an artificial turf field, operable walls and a pavilion design. The Rays would pay for more than half of the stadium’s estimated cost, with the city and county covering approximately $600 million and the Rays responsible for the rest.
   19. DL from MN Posted: September 19, 2023 at 01:33 PM (#6141769)
The number of seats just keeps falling with every new ballpark. 30,000 seats is 14% smaller than the current smallest ballpark - Progressive Field - and 10% smaller than the Vegas ballpark. It's only a little bit larger than where they host the College World Series in Omaha.

I wonder if expansion cities will even need to build a bigger stadium. Just raise the ticket prices and call it a day.
   20. McCoy Posted: September 19, 2023 at 05:51 PM (#6141805)
I doubt any other existing team will or would build a stadium that small anytime soon.

This is the Rays. This is a pure cash grab.
   21. RoyalsRetro (AG#1F) Posted: September 19, 2023 at 06:26 PM (#6141808)

I wonder if expansion cities will even need to build a bigger stadium. Just raise the ticket prices and call it a day.


Oh they'll need a ballpark district around it. That's where the real money is - real estate!


I doubt any other existing team will or would build a stadium that small anytime soon.


The new proposed Royals stadium would serve around 35k fans.
   22. Starring Bradley Scotchman as RMc Posted: September 20, 2023 at 09:27 PM (#6141922)
So the Rays are replacing their old, ugly, fixed-roof, artificial turfed stadium with...a new ugly, fixed-roof, artificial turfed stadium!

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