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Local government support for the Rays' ballpark was fragile before the tax measure went on the November ballot. Now, the Tampa Sports Authority is writing a letter to state its priority: Raymond James Stadium.
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Terms include the sports authority receiving some revenue from non-USF events. TSA would also be positioned for greater involvement in the Fowler corridor, including the planned MOSI Fieldhouse.
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City negotiations with the team and the county have been handled by officials on the mayor's staff. But some council members have expressed frustration with having to vote on a deal without having a seat at the table.
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The tentative agreement, finalized last week by the team, county and city, details financing for the $2.3 billion indoor stadium that would anchor a multiuse development in Drew Park.
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On "Florida Matters Live & Local," Joshua Wostal explains his skepticism of the plan, how it's being presented, promises that taxpayers won't be exposed and the team's transparency.
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If commissioners approve the non-binding memorandum of understanding, the city council will vote on its part of the financing the following day.
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Mayor Jane Castor says she expects the city council and county commission to pass the non-binding agreement, allowing negotiators to fill in the blanks on multiple documents in the complex deal.
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The non-binding memorandum of understanding drops the public money involved to $976 million. The deal must be voted on next week by the Hillsborough County Commission and Tampa City Council.
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The billionaire attorney calls Rays managing partner Patrick Zalupski a friend with whom he's had regular contact. The Rays, however, have an agreement to negotiate stadium plans only with Tampa and Hillsborough.
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Commissioner Ken Hagan tells WDAE existing restricted revenues can fund most of the county's share, but critics of the plan say taxpayers are still exposed through reserves and emergency dollars.
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The county commission also received the requested outside legal opinion on whether it could use the Community Investment Tax to help fund the stadium.
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The proposal comes after weeks of negotiations with local officials but has not been vetted by public boards. It lays out ambitious economic projections to recoup the upfront investment.