Overview
- Local votes approved a combined $876 million in city and county public funding last week and cleared a key political hurdle for the project.
- Rays ownership has pledged about $1.37 billion toward the roughly $2.3–$2.36 billion project and agreed to cover construction cost overruns.
- The team has picked AECOM Hunt, Turner Construction and Horus Construction Services as construction managers and plans immediate work on a temporary on-site college campus called “The Nest.”
- Officials say bond validation could take about 60–90 days and that a finalized community benefits agreement is required before any city or county money is spent.
- The Rays are aiming for a September groundbreaking with a target of Opening Day 2029, but the schedule depends on completed financing, the benefits deal, and the resolution of any legal challenges.