The Tampa Bay Rays have officially announced their decision to halt plans for a $1.3 billion stadium in St. Petersburg, citing public funding delays and subsequent cost overruns. This move has escalated tensions with local officials, including Mayor Ken Welch, who stated he is disinterested in working with the current ownership group. County commissioner Chris Latvala even suggested owner Stu Sternberg should sell the team. Despite pressure from the league regarding team revenues, president Matt Silverman insists the team is not for sale and believes advancing with the stadium deal would have been imprudent.
The Rays announced they will not proceed with a $1.3 billion stadium in St. Petersburg due to cost overruns and strained relations with local officials.
Mayor Ken Welch expressed no interest in collaborating with the Rays, stating the 'bridge has been burned' after the team backed out of the stadium deal.
County commissioner Chris Latvala suggested owner Stu Sternberg should sell the franchise, saying this was one of the best stadium deals in sports.
Team president Matt Silverman confirmed the team is not for sale, recognizing pressure from other owners due to revenue concerns, citing a potential mistake in pursuing the stadium deal.
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