TALLAHASSEE, Fla. (AP) - After two costly delays, the Pinellas County Commission is set to vote Tuesday on its share of financing for a new $1.3 billion Tampa Bay Rays ballpark. Rays officials say they're confident of approval this time.
Florida county poised to vote on financing for new $1.3B ballpark for the Rays
TALLAHASSEE, Fla. (AP) - After two costly delays, the Pinellas County Commission is set to vote Tuesday on its share of financing for a new $1.3 billion Tampa Bay Rays ballpark. Rays officials say they're confident of approval this time.
The overall plan was approved by the county commission and city of St. Petersburg officials this summer, but votes on the funding for the deal had been postponed.
Earlier this month, the St. Petersburg City Council voted to approve its share of the bonds necessary to build the new 30,000-seat ballpark. Now it’s up to the county to decide whether to issue the bonds, which would be paid for by tourist taxes that can't be spent on things such as hurricane recovery.
Under the agreement, the city and county would put up about half the cost, with the Rays covering the rest, including any cost overruns.