(The Center Square) — A new report shows that a new Tampa Rays stadium could cost taxpayers far more than initially thought.
The new stadium for the Tampa Bay Rays would include the development of 65 acres in the historic Gas Plant District that surrounds the field, which would offer affordable housing, shopping and entertainment venues at an initial cost estimate of $1.3 billion.
The cost of the project would be shared between the City of St. Petersburg, Pinellas County and the Tampa Bay Rays’ ownership group Rays-Hines.
The city would pay an estimated $287.5 millio …