St. Petersburg Economic Impact if the Rays Relocate

Discussion on Rays' Relocation and Economic Impact

• 📌 City Council members in St. Petersburg are discussing the economic impact if the Rays baseball team decides to relocate after the 2028 season.
• 💡 Businesses along Central Avenue are reportedly hurting, suggesting a significant impact on local commerce if the team leaves.
• ⚠️ Councilman Cory Given emphasizes the need for contingency plans to be in place now, rather than waiting until the last minute.

Financial Considerations for the City

• 💰 Council member Richie Floyd suggests that the city expends more money on the team than it receives in revenue.
• 🚨 Major expenses for the city include insurance and public safety costs associated with hosting games.
• ✅ Floyd is not concerned about replacing the team's revenue, as the city would likely recoup costs if the team departs.

Planning for the Future

• 🗓️ The mayor's office is reportedly working on a plan for the stadium site in case the team decides to relocate.
• 🗣️ This plan has not yet been publicly discussed within St. Petersburg.