March 20, 2013
That's actually true in all likelihood, as offices, shops, restaurants and residential development are way more valuable than a big dome that houses sparsely-attended events 81 times a year. But it's still funny hearing a baseball team tell a city that a ballpark is not the best use for a given piece of land. From Stephen Nohlgren of the Tampa Bay Times:
The Tampa Bay Rays, wanting a new stadium elsewhere, have begun to tout the Trop's redevelopment potential as more valuable to the city than baseball. The city "is sitting on an enormous piece of land in a rapidly growing downtown that is, frankly, lying fallow," Rays vice president Michael Kalt recently told the Pinellas County Commission.
The remaining debt on the stadium "pales in comparison to what can come from property and sales tax generation if you put that land to use," he said.
All of this is part of the Rays' argument to get out of the the lease which ties them to Tropicana Field. The rest of the article is about the trend to greater density in urban development, all of which is true. And all of which may ultimately get them out of their lease if there is enough creativity to go around down in St. Pete.