The Tampa Bay Rays will not proceed with the development of a $1.3 billion baseball stadium in St. Petersburg, Florida, principal owner Stuart Sternberg said.

The Tampa Bay Rays canceled plans to build a new ballpark and development project, citing impact damage from Hurricane Milton and Hurricane Helene, the MLB franchise announced Thursday.

ST. PETERSBURG, Fla. - The Tampa Bay Rays have officially pulled out of a deal to build a new stadium . On Thursday, the Tampa Bay Rays posted a message on social media announcing its decision not to move forward with the new stadium.