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Hillsborough County staff flag big funding gaps, legal and timing hurdles for proposed Rays stadium district
Summary
At an April 16 workshop, county staff and AECOM presented an independent analysis of the proposed 31,000-seat Tampa Bay Rays stadium district, estimating large long-term economic impact but highlighting substantial financing uncertainties, limits on CIT use, and open items that must be resolved before any MOU is presented to the board.
Hillsborough County officials on April 16 received a staff briefing and an independent AECOM analysis of a proposed Tampa Bay Rays stadium district on the Hillsborough College site, but commissioners were left with unanswered questions about assumptions, financing and legal limits on using voter-approved community investment tax (CIT) revenues.
AECOM senior analyst Dylan Gilman told commissioners the firm’s model — which begins with an assumed 2029 delivery — estimates roughly $63,000,000,000 in direct economic impact over a 30-year period and nearly $2,800,000,000 in gross tax collections over the same period, based on the firm’s stated assumptions. "These fiscal impacts are only based on direct on-site activities," Gilman said, and he repeatedly cautioned that limited site details and program assumptions constrain precision.
County staff framed the proposal as a mixed-use district that would include a 31,000-seat ballpark and about 7,600,000 square feet of ancillary…
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