The agreement to build a new stadium for the Tampa Bay Rays hit a roadblock recently, as the Pinellas County Commission has delayed a vote on issuing bonds that would help pay for what would be team’s new home field.
The current deal calls for Pinellas County to contribute $312.5 million, which is addition to the $287.5 million in bonds from the City of St. Petersburg. Without the county funds, according to the Rays, the deal is likely dead.
The County Commission had voted 5 to 2 in favor of supporting the stadium this past summer, but they delayed approving the first series of bonds in late October, and as a result of the November 5 election the Commission composition has changed.