Tampa Bay Rays halt $1.3 billion stadium and land redevelopment deal

The Tampa Bay Rays have decided to halt a $1.3 billion stadium and land redevelopment deal due to a series of events and financing delays. The team's current stadium, Tropicana Field, was heavily damaged by Hurricane Milton. The Rays will temporarily play at Steinbrenner Field. The decision puts the broader $6.5 billion revitalization project in limbo.

Tropicana Field Roof Damage and Stadium Repairs

The roof of Tropicana Field in St. Petersburg, Fla., was severely damaged by Hurricane Milton, leading to a reversal in decision by the St. Petersburg City Council to finance repairs. The Tampa Bay Rays will pay the New York Yankees $15 million to play their home games at the Yankees' ballpark until further notice.