Saturday, November 17, 2018
Business

Tampa Bay Rays president: Approaching deadline on stadium search is not a cause for concern

TAMPA ó Itís almost November, and Dec. 31 is the expiration date for the three-year window that the city of St. Petersburg gave the Tampa Bay Rays to explore their options in Tampa.

Hillsborough County Commissioner Ken Hagan has said the Rays have pushed Hillsborough officials to come up with a financing structure for the proposed Ybor City ballpark by the end of the year.

But on Tuesday, Rays president Brian Auld said thereís been no discussion of extending the deadline, nor does he see a reason to talk about it at the moment.

"We think that thereís enough time to get done what we need to get done between now and the end of the year," Auld said after a Tampa Downtown Partnership panel discussion on sports in the bay area.

"In our conversations with the city and the county, and the folks working on the deal from their end, they have not asked or expressed a need for an extension," he said, "so since we donít see one on our end, I think weíre in good shape."

First, the Nov. 6 elections need to take place. Auld said the Rays have tried to not to be an issue in the elections while various local officials they have been working with are running for re-election.

"Weíll get to baseball in due time," he said. Based on conversations heís had, Auld expects Hillsborough County and Tampa officials to have a stadium financing plan ready to present soon. "Itís not going to be easy, and thereís a lot of funding sources that need to be explored. There are a lot of regulations surrounding things like Opportunity Zones that still need to be ferreted out, but I know that weíve got a partner that is committed to keeping the Rays in Tampa Bay and understands that Ybor is the best location to do that."

Rays principal owner Stuart Sternberg has said he expects the team to put more than $150 million toward the $892 million estimated cost of the ballpark the team has proposed for Ybor City.

BEHIND THE NUMBERS: Roof drives lofty cost of Raysí proposed Ybor City ballpark

"Until we have a sense of how this puzzle is going to come together, itís going to be hard for us to be more specific," Auld said. As commitments being sought by the community-based Rays 100 committee firm up, he said, "we can kind of crunch the numbers on our side."

During the panel discussion, held at Amalie Arena, Rays 100 co-chairman Mike Griffin said the committee is meeting with companies to ask them to expand their buys of tickets, sponsorships and suites, and, so far, the conversations are going well.

"We really havenít been told no by anybody yet," Griffin said. "Thereís a little bit of, weíd like to see whatís coming next."

That reaction falls into two categories, Griffin said after the event. Some companies simply arenít ready to make commitments because they donít know generally where their business will be in a few years. Others want to see more details about ballpark financing.

Beyond the future of the Rays, a theme of Tuesdayís discussion was that the game experience and the broader fan experience, both inside and outside the venue, are increasingly intertwined, and both benefit as downtown evolves and offers local and visiting fans more to do.

As they plan for the Super Bowl returning in 2021, organizers look at this yearís College Football Playoff national championship as a blueprint.

"Using the Riverwalk as the backbone to the attendee experience and doing a lot of programming around that worked really well," Tampa Bay Sports Commission executive director Rob Higgins said. "No offense to any of our competitors, but they donít have that. Itís such a differentiator for us when you talk about a compact, accessible experience."

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Contact Richard Danielson at [email protected] or (813) 226-3403. Follow @Danielson_Times

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