Thursday, May 24, 2018
Editorials

Editorial: Rays opening offer on stadium sounds too low

The Rays definitely like Ybor City, and Ybor City seems to like the Rays. So what could possibly come between this match made in baseball stadium heaven? Hundreds (and hundreds and hundreds) of millions of dollars. Rays owner Stu Sternberg told Times reporter Marc Topkin last week that the team is tentatively looking at contributing $150 million to a potential $800 million stadium price tag. At first blush, that number seems low. That would equal 18.75 percent of the proposed cost. Now there are outliers, but recent history shows the typical team paying 20 to 35 percent of the cost of a Major League Baseball stadium. If thatís the trend, the Rays should be somewhere in the $160-$280 million range. Numbers vary from source to source, but here are examples of recent stadium deals.

Atlanta

The Braves left downtown Atlanta for the suburbs this spring in a deal that has strained the budget in Cobb County. Total stadium costs are listed at $672 million, with the Bravesí cash contribution at $230 million. The public funds come from increased property taxes, along with hotel and rental car taxes.

Teamís contribution: in the range of 34 percent

Miami

In one of the most ridiculed deals in recent memory, Miami-Dade built a new ballpark with numerous parking garages for the Marlins in 2012. The total cost was $639 million with former Marlins owner Jeffrey Loria contributing $155 million. Hotel taxes will be used to pay for bonds.

Teamís contribution: about 24 percent

Minnesota

Hennepin County used a sales tax increase to come up with the bulk of the $545 million cost for Target Field, which opened in downtown Minneapolis in 2010. Twins ownership kicked in $195 million of the stadiumís cost.

Teamís contribution: close to 36 percent

Washington

This is an example of the cost of trying to lure a team to your city. Washington, D.C., got MLB to agree to move the Expos from Montreal by essentially footing the entire $670 million bill for Nationals Park. Some reports indicate the team and MLB kicked in $31 million.

Teamís contribution: less than 5 percent

St. Louis

The Cardinals are the rare MLB team that largely took on the cost of building its own stadium. While the state added $43 million in infrastructure costs, the Cardinals paid the bulk of the $411 million stadium that opened in 2006. The team did, however, get a loan from the county as well as $200 million in bonds.

Teamís contribution: most of the cost

     
Comments
Editorial: Banks still need watching after easing Dodd-Frank rules

Editorial: Banks still need watching after easing Dodd-Frank rules

Legislation that waters down the 2010 Dodd-Frank law and was sent to President Donald Trump this week is a mixed bag at best. Some provisions recognize that Congress may have gone too far in some areas in the wake of the Great Recession to place new ...
Updated: 11 hours ago

Another voice: The chutzpah of these men

A new phase of the #MeToo movement may be upon us. Call it the "not so fast" era: Powerful men who plotted career comebacks mere months after being taken down by accusations of sexual misconduct now face even more alarming claims.Mario Batali, the ce...
Updated: 12 hours ago
Editorial: Candor key step to restoring trust at Johns Hopkins All Childrenís Heart Institute

Editorial: Candor key step to restoring trust at Johns Hopkins All Childrenís Heart Institute

Johns Hopkins All Childrenís Hospital has begun the important work of rebuilding trust with its patients and the community following revelations of medical errors and other problems at its Heart Institute. CEO Dr. Jonathan Ellen candidly acknowledges...
Published: 05/22/18
Updated: 05/23/18
Editorial: Tampa Bay House members fail to stand up to Big Sugar

Editorial: Tampa Bay House members fail to stand up to Big Sugar

Big Sugar remains king in Florida. Just three of the stateís 27 House members voted for an amendment to the farm bill late Thursday that would have started unwinding the needless government supports for sugar that gouge taxpayers. Predictably, the am...
Published: 05/18/18
Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Florida Attorney General Pam Bondiís lawsuit against the nationís largest drug makers and distributors marks a moment of awakening in the stateís battle to recover from the opioid crisis. In blunt, forceful language, Bondi accuses these companies of ...
Published: 05/18/18
Editorial: A sweet note for the Florida Orchestraís violin program for at-risk kids

Editorial: A sweet note for the Florida Orchestraís violin program for at-risk kids

This is music to the ears. Members of the Florida Orchestra will introduce at-risk students to the violin this summer at some Hillsborough recreation centers. For free.An $80,000 grant to the University Area Community Development Corp. will pay for s...
Published: 05/17/18
Updated: 05/18/18
Trump backs off China tariff threat as China pumps money into a Trump family project

Trump backs off China tariff threat as China pumps money into a Trump family project

In barely six weeks, President Donald Trump has gone from threatening to impose $150 billion in tariffs on Chinese goods to extending a lifeline to ZTE, a Chinese cell phone company that violated U.S. sanctions by doing business with Iran and North K...
Published: 05/17/18
Editorial: Activism as seniors helps put Hillsborough graduates on the right path

Editorial: Activism as seniors helps put Hillsborough graduates on the right path

Lots of teenagers are walking together this week in Hillsborough County, a practice theyíve grown accustomed to during this remarkable school year.We can only hope they keep walking for the rest of their lives.Tens of thousands of them this week are ...
Published: 05/17/18
Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Florida Attorney General Pam Bondiís lawsuit against the nationís largest drug makers and distributors marks a moment of awakening in the stateís battle to recover from the opioid crisis. In blunt, forceful language, Bondi accuses these companies of ...
Published: 05/16/18
Updated: 05/18/18
Editorial: Johns Hopkins All Childrenís should be more open about mistakes

Editorial: Johns Hopkins All Childrenís should be more open about mistakes

A state investigation raises even more concern about medical errors at Johns Hopkins All Childrenís Hospital and the venerable St. Petersburg institutionís lack of candor to the community. Regulators have determined the hospital broke Florida law by ...
Published: 05/16/18
Updated: 05/17/18