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Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

by Phil Hall | Jan 16, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The City of Cleveland has filed a lawsuit to stop its NFL team from moving out when the lease on its lakefront stadium expires in 2028. The Associated Press reports Jimmy and Dee Haslam, the owners of the Cleveland Browns, plan to build a $2.4 billion stadium and...
Senate Approves RFK Stadium Transfer from Federal to DC Government

Senate Approves RFK Stadium Transfer from Federal to DC Government

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The saga over the fate of Robert F. Kennedy (RFK) Memorial Stadium took another turn this weekend as the US Senate unanimously voted to approve legislation that transferred the ownership of its land from the federal government to the District of Columbia for a 99-year...
St. Petersburg City Council Approves Tampa Bay Rays Stadium Funding

St. Petersburg City Council Approves Tampa Bay Rays Stadium Funding

by Phil Hall | Dec 6, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The ongoing saga of the proposed $1.3 billion ballpark for the Tampa Bay Rays took a new step forward as the St. Petersburg City Council narrowly voted to approve bonds to fund its public financing portion for the stadium and the surrounding Historic Gas Plant...
City Reverses Offer to Help Rebuild Tampa Bay Rays’ Hurricane-Damaged Stadium

City Reverses Offer to Help Rebuild Tampa Bay Rays’ Hurricane-Damaged Stadium

by Phil Hall | Nov 22, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The St. Petersburg City Council has changed its mind on providing more than $23 million to repair Tropicana Field, the home of the Tampa Bay Rays, that was damaged during Hurricane Milton last month. The stadium’s translucent fiberglass roof was torn to shreds during...
St. Petersburg City Council Approves Tampa Bay Rays Stadium Funding

Tampa Bay Rays Warn They May Never Move Into New Stadium

by Phil Hall | Nov 20, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The owners of the Tampa Bay Rays said the team will not be able to move into their planned new stadium for the 2028 season, and there is a good chance they may never relocate to the new venue. The Associated Press reported the team’s executives informed Florida’s...
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