St. Pete City Council Approves Major Funding for Rays Stadium and Historic Gas Plant District12/5/2024 In a pivotal move, the St. Petersburg City Council has voted 4-3 to approve $287.5 million in bonds dedicated to the construction of a new $1.3 billion stadium for the Tampa Bay Rays. Additionally, $142 million has been allocated for infrastructure improvements in the Historic Gas Plant District. This decision is a significant milestone in the ambitious $6.5 billion redevelopment plan aimed at revitalizing the area.
The next step involves the Pinellas County Commission, which will decide on their $312.5 million contribution on December 17. While the city's approval is a crucial advancement, the project's future hinges on the county's decision, a process that has experienced delays in the past. This development not only aims to modernize the Rays' home but also promises substantial economic and infrastructural benefits for St. Petersburg. The approved funding is expected to enhance the local economy, improve public amenities, and bring a fresh vibrancy to the Historic Gas Plant District. As the community anticipates the county's decision, the approved bonds represent a significant commitment to the future of St. Pete and its residents, showcasing a bold vision for growth and renewal. Stay tuned as the next steps unfold in this transformative journey for the city.
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