Are Rays about to get permission to leave Tropicana Field?

December 9th, 2014 by Staff

The Tampa Bay Rays are seeking a new stadium deal in order to increase revenue streams.

(WFLA News Channel 8) ST. PETERSBURG – The Mayor of St. Petersburg and the President of the Tampa Bay Rays will speak publicly for the first time Tuesday about an agreement that would allow the MLB team to move to Tampa.

The Rays released an eight-page agreement Monday that lays out the financial details.

In sets in place a series of buyout payments that would start when and if the Rays stop playing at the Trop. The payments would continue until 2027 when the team’s original contract with the City of St. Petersburg ends.

According to the agreement, the Rays would have until the end of 2017 to select a new site for a stadium in Pinellas or Hillsborough counties.

The agreement still needs approval from the St. Petersburg City Council. Council members are set to discuss it, and possibly vote, Thursday.

News Channel 8 will have a crew at Tuesday’s press conference at The Trop. Check back with later today for details.

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