The Major League Baseball team, led by financier Stu Sternberg, has agreed to contribute $700 million for the stadium and will be on the hook for all cost overruns.

A $1.3 billion deal was ratified in July to fund a new stadium for the Rays, though two hurricanes in October made the Rays’ Tropicana Field venue unplayable. And it forced the Pinellas County commissioners to delay the vote on approving the bonds.

The Pinellas County Commission voted Tuesday to approve bonds that will finance its share of a new Rays ballpark in St. Petersburg, but the club said the county’s previous delays would force them to p

After two costly delays, the Pinellas County Commission is set to vote on its share of financing for a new $1.3 billion Tampa Bay Rays ballpark.

The team says it cannot cover cost increases and that it will negotiate with municipalities already cash strapped and unwilling to pay more.

The proposal caps years of uncertainty about the Rays’ future, including possible moves across the bay to Tampa, or to Nashville, Tennessee, or even to split home games between St. Petersburg and Montreal,

After a nearly two-month delay, the Pinellas County Commission voted Tuesday in favor of its share of financing for a new $1.3 billion Tampa Bay Rays ballpark, part of a plan to keep the team in St. Petersburg for another 30 years.

After two costly delays, the Pinellas County Commission is set to vote on its share of financing for a new $1.3 billion ballpark.

The overall plan was approved by the county commission and city of St. Petersburg officials this summer, but votes on the funding for the deal had been postponed.