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Hillsborough County Flags Risks and $75 Million Gap in Rays Stadium Financing

A compressed schedule seeks votes in early May to preserve a 2029 opening.

Overview

  • County commissioners, who held a public workshop Thursday, said talks have advanced but a final deal is not ready.
  • The Rays seek about $1 billion in public money split between Hillsborough County and Tampa, with the current plan about $75 million short.
  • The county share outlined by staff draws on the Community Investment Tax, a half‑cent sales tax for public projects, plus hotel‑bed taxes and reserves.
  • Staff urged trimming projected growth for the sales‑tax fund to 3.7% from 4% after a state policy cut rent‑tax revenue by about 8%, and they proposed a team guarantee to cover any shortfalls.
  • A legal memo says the tax can fund a publicly owned ballpark, yet commissioners expect lawsuits as the team presses for early‑May votes, a June 1 deadline, and state backing tied to the Hillsborough College campus.