The team issued a statement by principal owner Stuart Sternberg saying “a series of events” in October, which included severe damage to the the Trop and financing delays, led to what he called “this difficult decision.

St. Petersburg, Fla. – The Tampa Bay Rays withdrew Thursday from a $1.3 billion project to construct a new ballpark adjacent to Tropicana Field, citing a hurricane and delays that likely drove up the proposal's cost.

Rays owner Stuart Sternberg said the team intends to work out a solution that satisfies the Tampa-St. Petersburg region, MLB and the team.

The Tampa Bay Rays withdrew Thursday from a $1.3 billion project to construct a new ballpark adjacent to Tropicana Field, citing a hurricane and delays that likely drove up the proposal’s cost.

The Tampa Bay Rays' plans to build a stadium and mixed-use entertainment district in downtown St. Petersburg are dead. The team posted a statement on X on Thursday morning.

The Tampa Bay Rays have dropped plans for a new stadium in St. Petersburg, principal owner Stu Sternberg said Thursday, leaving the Major League Baseball club's long-term future in the area in doubt.Sternberg said the Rays "continue to focus on finding a ballpark solution that serves the best interest of our region,

The plan to build a new $1.3 billion stadium for the Tampa Bay Rays came to a halt on Thursday, after the team’s ownership backed out of the deal.