Tampa Bay Rays plan new stadium as ownership group prepares for roster growth

The Tampa Bay Rays have moved closer to a long-term future in the region following the approval of a $2.3 billion stadium project by the Tampa city council and Hillsborough County commissioners. The proposed facility near Dale Mabry Boulevard is slated for completion in 2029 and includes a surrounding village of shops and restaurants to generate additional revenue. Current ownership, led by Patrick Zalupski, intends to use the new revenue streams to increase the team's payroll into the top 15 of Major League Baseball. Meanwhile, the club maintains its lead in the American League East standings as it prepares for a high-stakes September schedule. The team recently bolstered its roster at the trade deadline by acquiring Freddy Peralta, Tyler Wells, and Liam Hicks to address pitching and catching needs. Despite consistent postseason success, the organization has historically relied on low payrolls and frequently traded veteran players.

• 9:30 AMYahoo Sports — Bill Madden: Tampa Bay Rays ready to usher in new era with stadium relocation near