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The Pinellas County Commission voted 5-2 Tuesday to approve its $312.5 million share of bond financing for the Tampa Bay Rays' proposed $1.3 billion ballpark in St. Petersburg, Florida.
Curt Anderson and Kate Payne in the Associated Press reported the news on the vote, which was a major hurdle toward the Rays getting the necessary financing to remain in the area and get the new stadium.
Per Janelle Irwin Taylor of Florida Politics, the St. Petersburg City Council previously approved $287.5 million for the stadium on Dec. 5.
According to Jason Clinkscales of Sportico, the Rays are on the hook for $700 million total and cost overruns.