The Tampa Sports Authority, along with the City of Tampa and Hillsborough County, announced on Wednesday that they have gained $25 million through savings that will go to improvements and repairs at Raymond James Stadium.
WTSP-TV reports that the proceeds from the refinancing will "reduce the obligation of the city and the county."
"I am proud to be part of a group that brought a win to the taxpayers of Hillsborough County and the City of Tampa," said Don DeFosset, chairman of the Tampa Sports Authority Board. "The $25 million in savings generated through the hard work of our President/CEO Eric Hart, Hillsborough County Chief Financial Administrator Bonnie Wise and City of Tampa CFO Sonya Little, is a great example of what can happen when government agencies work together as a team."
According to the Sports Business Journal back in 2012, the Buccaneers were targeting major upgrades to both food and retail over "the next couple years." These upgrades included a 13,000 square foot team store that would be the second largest store in an NFL stadium next to the one inside Cowboys’ Stadium (18,000 square feet).
Aside from the retail store, other plans include the redesigning of all concessions, the remodeling of 195 suites, a makeover of the Lower Galley restaurants, and the construction of a sports bar. The team has also talked about expanding the floor plans in the club areas, according to the report. (via thebaycave.com)
The Sports Business Journal reported back in 2012 that the Bucs were targeting a "Tailgate Village" outside the north side of the stadium. There were no details in the proposal for what it could include but a roller coaster and a flume ride had been discussed, sources said.
Unfortunately, nowhere in either the 2012 or 2014 reports did it mention an upgrade to the severely outdated jumbotrons inside Raymond James Stadium. The current report didn't mention any contribution from the Glazers either.
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