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The St. Pete City Council voted to terminate its agreement with the Tampa Bay Rays and development partner Hines after a stadium deal fell through this year amid project delays associated with hurricane damage sustained late last year.
The vote was largely procedural – the Rays announced in March they were backing out of the $1.3 billion agreement – and was unanimous.
As part of the use agreements, the Rays will pay an annual license fee of $400,000. The Rays will be responsible for maintenance, utilities, fees and taxes. The fee serves as rent to use the Tropicana Field site and stadium.
– Janelle Irwin, Florida Politics