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Rays Stadium Deal Stalls Over Tax Uncertainty
Description
The Tampa Bay Rays’ new stadium deal is hitting a major roadblock over property tax funding, as the Community Redevelopment Agency may delay its crucial vote amid looming statewide tax cuts that could slash expected revenue. With city and county councils already on board, the CRA’s $100 million contribution is now in limbo — and council members are split: some want more time to crunch the numbers, others fear delaying won’t fix the uncertainty, especially as tax cuts could pass in November. The stadium’s $2.3 billion future hangs in the balance until July — and beyond.
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