Rays’ St. Pete Stadium Deal Completed, Details Coming Tuesday: Report

ST. PETERSBURG, FL — The Tampa Bay Rays have completed a deal to build its new stadium in downtown St. Petersburg, according to the Tampa Bay Times.

More details on the redevelopment plan for 86 acres in the Historic Gas Plant District are expected to be announced Tuesday.

The 30,000-seat, fixed-dome roof stadium is expected to cost more than $1.2 billion. The Rays, St. Petersburg and Pinellas County will contribute funding for its construction.

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• Affordable Housing Activists Wary Of Historic Gas Plant Redevelopment

At the end of January, St. Petersburg Mayor Ken Welch chose the Rays in partnership with Houston-based developer Hines out of four pitches to redevelop the Historic Gas Plant District, which includes the team’s home, Tropicana Field.

With their lease at Tropicana Field expiring in 2027, the baseball team has promised that their proposed ballpark would be completed by 2028.

Based on the plan the Rays and Hines presented to the city in January, they also proposed building 5,728 residential units in the area. Of these, 1,459, including 600 off-site units, will be affordable and workforce. That represents about 23 percent of the total housing units included in this plan.

Their plan also called for the development of the 16th Street corridor with a grocery store, business incubators, and nonprofit spaces all connecting to South St. Petersburg and the Pinellas Trail; space for the Woodson African American Museum; and the Booker Creek Greenway, a north-south connector.

Developers also said they would spend $500 million to target minority-, small- and women-owned businesses.