ST. PETERSBURG, FL – St. Petersburg City Council members are gearing up for a crucial discussion on Thursday afternoon regarding the financing of a new Tampa Bay Rays stadium and the redevelopment of the surrounding Historic Gas Plant District. What was expected to be a routine vote has now turned into a complex situation due to recent developments.
Pinellas County commissioners have decided to delay a vote on financing their portion of the $1.3 billion stadium project until Dec. 17, citing concerns over the lack of votes to approve the bonds. The election of two new commissioners, who are critics of the stadium project, has created uncertainty and left a significant gap in the funding plan.
The Rays, in response to the delays, have halted work on the stadium and surrounding development project, emphasizing the importance of all parties fulfilling their obligations for the project to move forward. Mayor Ken Welch highlighted the necessity of cooperation among the County Commission, City Council, Rays, and development partner Hines for the successful realization of the long-term plan.
While discussions continue about the fate of the 65 acres of land surrounding the stadium site, tensions are high as the City Council convenes for a meeting later in the day to address the bond financing for the project.
Despite concerns and challenges, Mayor Welch urged council members to approve the financing plan during the meeting. The decision on the bonds, totaling $287.5 million for the stadium and $142 million for infrastructure, is crucial to advancing the stadium deal, although the city is not legally bound to approve the bonds under the terms agreed upon in July.
Throughout the meeting, discussions also revolved around the repair of Tropicana Field’s roof, with council members ultimately voting 4-3 in favor of spending $23.7 million for repairs. The decision highlighted the complexities and uncertainties surrounding the stadium project, with divergent opinions on how to proceed.
As the City Council grapples with key decisions regarding the stadium deal, stakeholders, including No Home Run and the St. Petersburg Chamber of Commerce, have voiced their concerns and perspectives on the ongoing developments. The outcome of the meeting could have far-reaching implications for the future of the new Rays stadium and the surrounding redevelopment project.