Imagine owning a team worth $1.25 billion. You’ve worked for years on a new ballpark, only to see it wiped out. Welcome to the joys of owning the Tampa Bay Rays.

There's already uncertainty about whether or not the local legislature will approve bonds, and now the Rays have to decide how ready they are to commit to this project.

The Rays should declare in writing whether they want to pursue an existing financing plan for a new $1.3 billion ballpark or walk away from the deal, a top county official says.

If funding were approved, St. Petersburg residents would have been on the hook for a new stadium for one of baseball’s least attended teams.

The Rays have until Dec. 1 to declare whether they want to commit to the construction of a $1.3 billion stadium originally voted on in July.