In recent developments, several professional sports teams are exploring the possibility of constructing new stadiums. Among them are the Jaguars, Chicago Bears, Buffalo Bills, Kansas City Chiefs, Tennessee Titans and Tampa Bay Rays. Each team is currently in different stages of negotiations with their respective cities to secure deals for new stadium projects.
In Florida, the Tampa Bay Rays have been discussing the construction of a new stadium for quite some time now. Initially considering a move from St. Petersburg to Tampa, the team now has plans to build a new stadium in St. Pete’s historic Gas Plant District. The St. Pete city council is currently evaluating a $1.3 billion plan, with $600 million coming from taxpayers to fund the project.
Despite recent success, the Kansas City Chiefs’ stadium renovations are on hold after voters rejected a sales tax increase to fund upgrades to the stadium and a new stadium for the Royals. Speculation about the Chiefs potentially relocating to another city has arisen as a result. However, it remains unclear whether they will be able to secure funding for their proposed project or if they will have to look elsewhere for support.
The Chicago Bears are in the early stages of their stadium project, unveiling plans for a $4.7 billion stadium to replace Soldier Field
