Rays unveil $450 million financing plan
ST. PETERSBURG, Fla. -- Tampa Bay Rays executives on Thursday announced a $450 million financing plan for a 34,000-seat waterfront ballpark.
Team executives are counting on the sale of their current home, Tropicana Field, the continuation of a hotel bed tax and $55 million in parking revenues over the life of the new stadium.
Rays president Matthew Silverman said the project would generate $900 million in tax revenues over three decades, redevelop the blighted area around the current ...
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