Rays advance plans for new stadium following local funding approval

Yahoo Sports1 min read • Latest: Aug 28, 2026, 6:00 PM

Last updated Aug 28, 2026

Rays advance plans for new stadium following local funding approval
Summary

The Tampa Bay Rays have gained significant support for a new stadium after the Hillsborough County Board of Commissioners approved a $796 million funding package on August 28, 2026. This funding is part of a larger $2.3 billion project aimed at relocating the team from St. Petersburg to Tampa by 2029. The approval by the county comes after years of discussions involving various ownership groups and municipalities, marking a critical step in the ongoing saga of the Rays' stadium search. Despite the support, some commissioners raised concerns about the long-term financial implications for taxpayers, predicting a total cost of approximately $1.83 billion over 35 years due to the funding structure.

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By the Numbers
  • Hillsborough County approved a $796 million funding package for the Rays.
  • The Rays plan to move to a new stadium in Tampa by 2029.
  • County Commissioner Harry Cohen described the deal as improved from previous proposals.
  • Concerns remain regarding taxpayer costs and funding sources for the project.
  • This marks a significant milestone in the Rays' two-decade stadium quest.
Latest Updates
  • 6:00 PMYahoo SportsRays win crucial vote for new stadium in Tampa. Fear-mongering works. | Opinion
What they're saying
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The Tampa Bay Rays are as close as they’ve ever been to securing a new stadium.

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