Like county, St. Petersburg City Council votes to delay Rays stadium bonds
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The St. Petersburg City Council has voted 5-2 to delay a crucial decision regarding the issuance of bonds for a $1. 3 billion stadium intended for the Tampa Bay Rays. This postponement pushes the vote to no later than January 9, aiming to coincide with further discussions by the Pinellas County Commission about its own financial commitments to the project. Mayor Ken Welch indicated a willingness to bring a modified stadium proposal back to the council, emphasizing that no additional city funds would be requested.
The delay allows two newly elected council members, who have been critical of the current agreement, to weigh in on the decision. The uncertainty surrounding the $6. 5 billion plan to build the stadium and redevelop the surrounding Historic Gas Plant District leaves the Rays' future in the Tampa Bay area precarious. The council’s decision underscores the community's growing concerns about the project's financial viability and its implications for local taxpayers. As discussions continue, the possibility of renegotiation looms, raising questions about the team's nearly 30-year history in the region.
The outcome of this delay could significantly impact both the local economy and the sports landscape of St. Petersburg.