Pinellas County to Contribute $313 Million to Tampa Bay Rays’ New Stadium
Pinellas County commissioners are set to discuss plans to contribute nearly $313 million to the Tampa Bay Rays’ new stadium. The final vote, which is needed to approve the $1.3 billion stadium and surrounding redevelopment, is scheduled for July 30 after a public hearing.
Key Points of the Proposal
The Rays are seeking almost $313 million from the Tourism Development Tax Fund to help finance the stadium. The plan requires a majority vote from four out of the seven county commissioners to pass. A public hearing and final vote are set for July 30. The funding details can be found in the Hines + Tampa Bay Rays Stadium Presentation PDF.
Mixed Reactions to the Proposal
Ahead of the official vote, commissioners have expressed varying opinions on the deal. While some are in support or leaning toward backing the project, others have raised questions that need addressing. Last week, the St. Pete City Council approved spending $429.5 million on the project.
Despite differing views, real estate attorney Charles Gallagher believes the use of bed tax for funding is reasonable. On the other hand, Dylan Dames of the Florida nonprofit Faith feels that the current agreement falls short in providing affordable housing solutions for residents in need.
As the decision day approaches, it remains to be seen how commissioners will vote. While some may have reservations, there is cautious optimism that a resolution beneficial to all parties can be reached.
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