Which site would you choose?
People hoping to keep the Tampa Bay Rays in downtown St. Petersburg might not want to see this, but here's Thursday's presentation from the ABC committee on the five trade areas the group is considering for a new stadium.
In pretty much every category, downtown St. Petersburg -- where the Rays now play -- ranks last among the five areas the ABC group is considering.
And here's Thursday's report on design of the new stadium, and our story.
Aaron Sharockman, Times Staff Writer
ST. PETERSBURG -- Renovating Tropicana Field is impractical, selling it now doesn’t make financial sense and paying for a new stadium will be difficult when there’s millions of dollars in debt on the old one.
Those were some of the highlights of a meeting Monday by A Baseball Community, the private group studying stadium options for the Tampa Bay Rays.
Read the actual reports here and here.
Aaron Sharockman, Times Staff Writer
Which site would you choose?
There's been a whole lot of baseball business news in the past few days. Rays president Matt Silverman publicly questioned the viability of the Tampa Bay baseball market. And now a group studying locations for a potential new stadium, are eyeing three different sites in Hillsborough County. Let's get into it starting at noon Friday. - Aaron Sharockman, Times Staff Writer
Meant to post this earlier, but I got caught up in other things. Rays VP Michael Kalt says the team's analysis of what it would take, and how much it would cost, to renovate Tropicana Field likely will be released this month.
The report was expected to come in May, but the group A Baseball Community canceled its monthly meeting. The Rays say they are using the extra time to produce a more thorough report.
The next ABC meeting is scheduled June 15. (Of course, that's when I'm on vacation. Sigh).
Aaron Sharockman, Times Staff Writer
The Rays' Michael Kalt said today what most people in St. Petersburg thought: A new ballpark at Al Lang Field isn't happening.
Kalt was open and frank during a 20-minute discussion. He said the team thought they could make a downtown St. Petersburg stadium work if it was done right (i.e. not like the Trop). But now Kalt and the Rays brass are starting to think a new ballpark can't even do it alone.
He said that means rebuilding on the current Tropicana Field site might not be the great option many others do.
The team's focus most certainly will now turn to the Gateway area in St. Petersburg, which many county leaders prefer but many city leaders are hesitant to support.
-- Aaron Sharockman, Times Staff Writer
SEATTLE — According to Forbes magazine, the value of the Tampa Bay Rays franchise has gone up to $320 million, a 10 percent increase over last season that is third largest in the majors.
And according to the Tampa Bay Rays, it doesn't matter.
"It is based on their own proprietary metrics. We don't and have never understood them," Tampa Bay Rays president Matt Silverman said Wednesday night.
"Clearly, our appearance in the World Series has helped the franchise's valuation. Since the team isn't for sale, the number has very little relevance."
The Rays still rank just 26th overall, with the Yankees topping the list at $1.5 billion. But, according to Forbes, the Rays had the fourth-highest operating income, $29.4 million, which it defines as earnings before interest, taxes, depreciation and amortization, though down slightly from last year ($30 million). Only the Marlins, Nationals and Cubs had more, but it also shows the Yankees in negative numbers, at minus-$3.7 million.
Forbes says the Rays' revenues went up from $138 million to $160 million. For more, see forbes.com.
-- Marc Topkin, Times Staff Writer
But not in St. Petersburg.
FORT MYERS (AP) — The FBI is seeking e-mails from four government employees in southwest Florida that appear to pertain to the development of the Boston Red Sox's new spring training facility.
The FBI has asked Lee County to provide e-mails containing more than two-dozen search terms. Some of those are names associated with the final four sites under consideration for the facility.
The Red Sox agreed to keep their spring training home in Fort Myers — the Lee County seat — for another 30 years in December. Part of the deal includes development of a new complex that would open in 2012.
The county is set to select the site of the new facility next week.
An FBI spokesman confirmed the request but would not comment on why agents are seeking the e-mails.
A head's up. St. Petersburg's mayoral candidates will discuss county tourism issues Thursday starting at 9 a.m. at the Tradewinds Resort in St. Pete Beach. It stands to reason that someone will ask about using county tourism tax dollars to fund a new ballpark.
We'll be blogging the event live at our sister blog, Bay Buzz, so you can see what the candidate's are saying.
Aaron Sharockman, Times Staff Writer
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