The Pinellas County Commission has approved a $312.5 million bond issue to fund its share of the Tampa Bay Rays’ $1.3 billion new stadium project, despite lingering concerns over cost overruns and delays, the Center Square reported.

The 5-2 vote, delayed twice, now allows the county to proceed with selling the bonds, contingent upon the Rays meeting their obligations under the agreement.

The project is part of a broader $6.5 billion redevelopment plan in St. Petersburg’s historic Gas Plant District. The new stadium will be covered and serve as the centerpiece of a mixed-use development.

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