Issuu

A message from the PRESIDENT/CEO Eric D. Hart , CVE

I am pleased to present the recommended biannual Operating and Capital Budget for fiscal years 2027 and 2028. This budget was developed by staff and included consultation with Hillsborough County and the City of Tampa finance staff, along with the Authority’s Finance Committee. This budget reflects continued revenue enhancements through the booking of major community events along with the costs associated with sharing revenues as required by the Stadium Agreement, ongoing costs associated with our primary tenants on field success and a continued emphasis on venue capital repairs. The Authority saw another outstanding year of financial success at Raymond James Stadium in FY 2026. The Authority successfully hosted the following concerts and community events: NHL Stadium Series, Zach Bryan, three nights of BTS, two nights of Kanye West, Chris Stapleton, and Post Malone. Two sold out nights of Bruno Mars are scheduled in September 2026 and will have an impact on the Authority’s projected FY 2026 and 2027 budgeted revenues and expenses. Additionally, the Authority hosted the Breakaway Music Festival, two Monster Jams, the Gasparilla Bowl, ReliaQuest Bowl, England vs. New Zealand Soccer match, Wrexham vs. Leeds soccer match, along with full seasons of college and professional football. Four remaining shows are currently scheduled during 2026, Karol G, Ed Sheeran, and two nights of Chris Brown and USHER. These four concerts are currently projected to provide a positive impact to the FY 2027 budget. Our successful efforts continue to place Raymond James Stadium as one of the highest performing stadiums in the world. Our staff is the key to the success of the Authority, and this budget makes efforts to thank our staff for all they have accomplished for the citizens of Hillsborough County and the City of Tampa. As initiatives within the Authority’s strategic plan, staff continue to place significant emphasis on customer service, revenue generation and venue capital improvements. Based on a new potential partnership with USF along with the addition of the Fieldhouse on Fowler project, staff continue to review the organizational structure and make modifications in operating and event staffing policies which are designed to reduce costs, improve efficiency and better meet the needs of the community and Authority clients and tenants. Based upon the continued economic uncertainty, increased costs and inflation, continue to task the management team with finding new and creative ways to operate the stadium and incorporate additional private sector practices into our operations. Respectfully,

MISSION STATEMENT

OUR ROLE

To plan, develop, promote, and maintain a comprehensive complex of sports and recreation facilities for the use and enjoyment of the citizens of Tampa and Hillsborough County.

To stimulate economic vitality and improve the quality of life in Tampa Bay through compelling sports and entertainment offerings held at world-class venues.

VISION STATEMENT

Providing Sports and Entertainment to Tampa Bay.

About

THE AUTHORITY

The Tampa Sports Authority, a government entity, is an Independent Special District created by the Florida Legislature in 1965 to construct and manage sports and recreational facilities in in Hillsborough County. The Authority’s role is to stimulate economic vitality and improve the quality of life in Tampa Bay through compelling sports and entertainment offerings held at world-class venues. The Authority has no taxing power, but rather acts as an enterprise fund utilizing user-fees to subsidize its operating costs. As a result, all of its major capital construction projects from the original Tampa Stadium, the golf courses, the Hillsborough County Tournament SportsPlex, Benchmark International Arena, George M. Steinbrenner Field, and Raymond James Stadium have been accomplished by working closely with the approvals and financial support of Hillsborough County and the City of Tampa. Raymond James Stadium was constructed with funds from the Community Investment Tax (CIT). The CIT is a 30-year half-cent local option sales tax. The first 25% of the total projected CIT collections goes to build new schools. The next amount is applied to debt payments on the stadium bonds (approximately 5% of the total) and the remaining 70% is divided between the County and the three cities in Hillsborough County for roads, sidewalks, buildings, and public safety needs (see page 25). We estimate that more than 1.4 million fans will enjoy the various events and functions held at Raymond James Stadium in fiscal year 2026. In addition to hosting the Buccaneers and USF football seasons, the Authority also hosted major community events and festivals contributing regional economic impact through the generation of significant hotel room nights. Along with these major community events, the venue hosted more than 100 banquets, special events, and parking lot events.

TABLE OF

CONTENTS ADMINISTRATIVE ADMINISTRATIVE

ADMINISTRATIVE

ORGANIZATIONAL CHART

BOARD OF DIRECTORS ORGANIZATIONAL CHART

5-6 4

STRATEGIC PLAN BOARD OF DIRECTORS

7 5-6

STRATEGIC HURRICANEPLAN PREPAREDNESS & TAMPA BAY RAYS

7 8

EVENTS YEAR IN REVIEW

8-12

BUDGET REQUEST AND ASSUMPTIONS BUDGET REQUEST AND ASSUMPTIONS CONTRIBUTION REQUESTS

13-14

BUDGET NOTES

15-16

STADIUM OPERATIONS REVENUE AND EXPENSES

17-19

CAPITAL PROJECTS

CAPITAL PROJECTS FY 2026

PROPOSED CAPITAL PROJECT BUDGET & OVERVIEW

CAPITAL PROJECTS (FY 2027) PROPOSED CAPITAL PROJECTS (FY 2028)

22-23 24

DEBT SERVICE

HILLSBOROUGH COUNTY COMMUNITY INVESTMENT TAX

DEBT SERVICE REQUIREMENTS

ORGANIZATIONAL

CHART BOARD OF DIRECTORS PRESIDENT/CEO ERIC HART

V P / F I NA NC E & AD MI N I S T RAT I O N

V P / S TA D I U M O P E R AT I O N S

D AV I D B Y R N E

VP/MARKETING & C O M M U N I C AT I O N S

D AV I D M OS S

B OB B Y S ILVEST

H UM AN RE S OURC ES

C A PI TA L PR O J ECT S

EVENT O PERAT I O NS

M ARKE T I N G

FI N ANCIAL P L A NN I N G

FA C I L I TI ES M A N A G EM ENT

M ERCHANDI SE SAL ES

M ED I A

R IS K M ANAGE ME N T

H O U SEK EEPI NG

F O O D & BEVERAG E

CO M M UNIC AT I ON S

PAY R OL L /AP

G RAPHI C D E S I GN

B OND OV E RS IGH T A N D M ANAGE ME N T

SO CI AL ME D I A

P U RCHAS IN G

WEBS I T E / M AI NT EN A N C E

B UDGE T ING COORDINAT ION

C AS H HANDL IN G

TAMPA SPORTS AUTHORITY: EXECUTIVE TEAM (BACK L-R) STEVE REED (VP OF SPORTPLEX), BOBBY SILVEST (VP OF MARKETING & COMMUNICATIONS), DAVID MOSS (VP OF STADIUM OPERATIONS) (FRONT L-R) JIM GARRISON (VP OF GOLF OPERATIONS), ERIC HART (PRESIDENT/CEO), DAVID BYRNE (VP OF FINANCE/ADMINISTRATION)

Jeffrey W. Gibson GENERAL COUNSEL

KRISTEN GRAY

ASSOCIATE GENERAL COUNSEL

Tampa Sports

BOARD OF PATRICK MANTEIGA

JOHN JAEB

ANDY JOE SCAGLIONE

CHAIR

VICE CHAIRMAN

SECRETARY/TREASURER

BOCC APPOINTEE

CITY APPOINTEE

BOCC APPOINTEE

TERM EXPIRES: 6/2029

TERM EXPIRES: 6/2025

TERM EXPIRES: 6/2027

HONORABLE

TONY MUNIZ

LUCIANO PRIDA, JR.

COUNTY COMISSIONER

BOCC APPOINTEE

CITY APPOINTEE

TERM EXPIRES: 11/2026

TERM EXPIRES: 6/2027

TERM EXPIRES: 6/2025

KEN HAGAN

Authority

DIRECTORS HONORABLE

JENNIFER COLLINS

BOCC APPOINTEE

CITY COUNCILMAN

GOVERNOR’S APPOINTEE

TERM EXPIRES: 6/2029

TERM EXPIRES: 5/2027

TERM EXPIRES: 6/2030

JOSEPH W. J. ROBINSON P.E.

MARK S. WOODARD

ERIC D. HART, CVE

CITY APPOINTEE

TERM EXPIRES: 6/2027

C. DENNIS CARLTON, JR.

ALAN CLENDENIN

PRESIDENT/CEO CONTRACT TERM: 9/2029

STRATEGIC

PLAN

As part of the Authority’s long range planning efforts, the strategic plan identifies strategic objectives that will drive planning for the Authority over our diverse inventory of current and possible future business lines. The Authority leadership updated the strategic plan based on input from the TSA Board and other stakeholders. This strategic plan is used as the main guiding document for the staff in managing the Authority’s business lines and help the Board and TSA leadership align behind long range strategic priorities.

STRATEGIC OBJECTIVES

• Reduce reliance on County and City operating subsidies • Facilitate great customer Key Performance Indicators: experiences • Actionable strategic initiatives and key performance • Make TSA a great measures (KPIs) • Staff uses a quarterly “scorecard” to summarize place to work performance toward achieved KPIs for each business • Maintain public line. assets while TSA KPI SCORECARD safeguarding our RJS - Non Bucs Events customers • Capitalize on sports and entertainment opportunities RJS - Non Bucs Events while fostering 100% 80% 24 Q3 80% regional 24 Q4 60% 25 Q1 40% economic 20% 25 Q2 0% prosperity 24 Q3 24 Q4 25 Q1 25 Q2

75 55 35 15 -5 -25

84%

85%

83%

YEAR IN REVIEW

2026 NHL STADIUM SERIES The 2026 NHL Stadium Series game was played on February 1, 2026, with the Tampa Bay Lightning hosting the Boston Bruins at Raymond James Stadium. The game became ESPN’s most-viewed regular-season game on record, averaging 2.1 million viewers, and featured a historic 6-5 comeback win for the Lightning over the Bruins. A sell-out crowd of over 60,000 attended the event.

BTS ARIRANG WORLD TOUR

BTS performed three sold-out nights at Raymond James Stadium, attracting over 200,000 fans. The concerts took place on Saturday, April 25, Sunday, April 26, and Tuesday, April 28, as the global K-pop group launched their North American tour.

YEAR Y EAR IN

TAMPA BAY

BUCCANEERS

The Tampa Bay Buccaneers celebrated their 50th year in the National Football League in 2025. They finished the season at 8-9, missing the playoffs for the first time since 2019. The 2026 season will be the Buccaneers’ fifth straight season with a new offensive coordinator, bringing in Zac Johnson from the Atlanta Falcons. Longtime wide receiver Mike Evans was released in free agency and subsequently signed with the San Francisco 49ers.

USF

FOOTBALL

The Bulls finished 9–4 and continued their rise under head coach Alex Golesh. The team earned signature victories over Boise State and Florida, cracking the College Football Playoff rankings for the first time in program history. Shortly after the regular season, Alex Golesh departed to become the head coach at Auburn and USF quickly hired Brian Hartline from Ohio State. Along with the arrival of new athletics CEO Rob Higgins, USF looks to build on its momentum by moving into an on campus stadium in the Fall of 2027.

UNION HOME MORTGAGE

GASPARILLA BOWL The 2025 Union Home Mortgage Gasparilla Bowl was played on December 19, 2025. The NC State Wolfpack from the ACC, defeated the Memphis Tigers from the AAC 31–7.

RELIAQUEST BOWL

The 2025 ReliaQuest Bowl was the 40th edition of the game, played on December 31, 2025. It was the first ever meeting between the Iowa Hawkeyes (Big Ten) and the Vanderbilt Commodores (SEC). Iowa won 34–27, in front of over 30,000 fans.

REVIEW REVIE W MONSTER JAM

Monster Jam 2026 took place February 28 & March 1, 2026, bringing two days of high-energy monster truck competition to Raymond James Stadium. This longstanding tradition of hosting Monster Jam offers familyfriendly entertainment with spectacular jumps, wheelies, donuts, and freestyle stunts that showcases the power and agility of the sport’s iconic monster trucks.

BREAKAWAY MUSIC FESTIVAL

The 2026 Breakaway Music Festival took place on April 17–18, 2026, on the North Grounds of Raymond James Stadium. The two-day, electronic dance music festival featured multiple stages, immersive art installations, food and beverage vendors, and interactive sponsor experiences.

CHRIS BROWN

The Chris Brown concert took place on August 2, 2025, as part of his Breezy Bowl XX Tour, which celebrated the 20th anniversary of his debut album. Special guests Summer Walker and Bryson Tiller opened the show. The Tampa stop drew a sellout crowd of 50,000 fans, making it one of the standout dates on the tour.

MY CHEMICAL ROMANCE WITH EVANESCENCE

The My Chemical Romance concert at Raymond James Stadium took place on September 13, 2025, in Tampa, Florida, serving as the final stadium date of the band’s Long Live The Black Parade Tour, attracting over 50,000 fans. Alternative rock band Evanescence opened the show as the special guest.

YEAR EAR IN

USMNT VS URUGUAY

The U.S. Men’s National Team (USMNT) vs. Uruguay match was played on November 18, 2025, serving as one of the United States’ final international matches before the 2026 FIFA World Cup. In front of over 30,000 fans, the U.S. delivered a 5–1 victory over the 15thranked, World Cup-qualified Uruguay.

ZACH BRYAN Zach Bryan’s “With Heaven On Tour” concert took place on March 14, 2026, featuring support from Caamp and J.R. Carroll. Over 60,000 fans were treated to Zach’s blend of country, folk, and Americana songwriting.

ENGLAND VS NEW ZEALAND

England vs. New Zealand soccer match was played on June 6, 2026, as a FIFA World Cup 2026 preparation friendly for England’s men’s national team. England earned a 1–0 victory over New Zealand, with captain Harry Kane scoring the decisive goal in front of over 25,000 soccer fans.

CHRIS STAPLETON WITH LAINEY WILSON

Chris Stapleton’s “All-American Road Show” took place on June 13, 2026. The event featured Lainey Wilson and Allen Stone as special guests, with over 50,000 fans in attendance.

REVIEW REVIE W YE

Ye’s 2026 live concert run came to Tampa on June 26 & 28. The two-night stadium engagement marked Ye’s return to Tampa for a major performance and featured the artist performing a career-spanning set of his hits to 120,000 fans over the two nights.

POST MALONE AND JELLY ROLL

The Post Malone and Jelly Roll concert attracted 30,000 fans and took place on July 8, 2026, as part of Post Malone and Jelly Roll Present: The BIG ASS Stadium Tour Part 2. The stadium show also featured rising country artist Carter Faith as the opening act.

WREXHAM VS LEEDS

The Wrexham AFC vs. Leeds United FÇ match took place on July 25, 2026, as part of Wrexham’s 2026 U.S. Summer Tour and a series of preseason friendlies. The match highlights Raymond James Stadium’s continued role as a host venue for major international soccer events.

CONTRIBUTION

REQUESTS This year’s anticipated property taxes, along with the Stadium’s operating and maintenance (O & M) expenses outlined in this document, require the Authority to request contributions of $2,577,251 from the City and County to meet next year’s contractual obligations. The Authority has existing inter-local agreements with the City of Tampa and Hillsborough County, which provide that in the event the Authority is unable to pay its operating costs, the City will pay one third (1/3) and the County will pay two thirds (2/3) of any deficit after the Authority depletes its O & M funding. Therefore, the Authority will be asking the City of Tampa to contribute $859,084 and Hillsborough County to contribute $1,718,167 to fund next year’s operations. The following schedule shows actual and forecasted contributions from the City and County:

City (1/3) County (2/3) Total Request (Operations and Maintenance) Capital Request Total Request (O&M and Capital)

Budgeted FY 2026 $ 1,203,605 $ 2,407,210

Forecast FY 2026 $ 1,204,211 $ 2,408,422

Proposed FY 2027 $ 859,084 $ 1,718,167

$ $

Planning FY 2028 1,205,544 2,411,089

3,610,815

3,612,632

2,577,251

3,616,633

4,805,633

57,590,003

15,546,000

8,416,448

8,418,265

60,167,254

19,162,633

CONTRIBUTION

REQUESTS Revenues for FY 2027 were developed from the following assumptions: - 12 Buccaneer games (2 Preseason and 1 home playoff game) - 5 USF games - 2 Monster Jams and 1 Supercross event - ReliaQuest Bowl - Gasparilla Bowl - 7 concerts - Three day Rodeo event - No increase in parking rates - Use of 2024 net gain to reduce FY 2027 Operating Subsidy request

Expenses for FY 2027 were developed from the following assumptions: - 12 Buccaneer games (2 Preseason and 1 home Playoff game) - 5 USF games - 2 Monster Jams and 1 Supercross event - ReliaQuest Bowl - Gasparilla Bowl - 7 concerts - Three day Rodeo event - Increase in security cost due to cost of living increases, as well as increase for police/fire staffed event security - 3.20% COLA and 0-2% merit increase for eligible full time employees, plus the addition of five new positions to support expansion, events, and maintenance - No FRS retirement costs, rates determined independent of the Authority - No increase in insurance from current premiums due to favorable renewal and proven building storm resiliency - 7.69% increase in Florida minimum wage is included for part-time personal - 5% increase in health insurance costs - Completing many capital projects with in-house staff vs. using contracted staff - Increase in medical and security labor costs - 3% property tax increase - Increase in budgeted consultant and legal costs related to a new tenant - $0 DROP impact

BUDGET

NOTES

1) Accrual Accounting: The Authority’s budget is presented on an accrual basis. Monthly financial statements along with budget documents are presented on a full accrual basis of accounting.

2) Capital Improvements: Capital Improvement activity is not included in the budget summary, but is shown as a separate schedule in this report. The Authority is responsible for the ongoing capital repairs at Raymond James Stadium. Between fiscal years 2007-2023, Authority received $15,000,000 from the Tourist Development Tax (TDT) to fund stadium capital repairs and improvements over 20 years. 3) Debt Service: Debt service activity is not included in the budget summary, but is shown as a separate schedule to this report. Funding sources for the stadium from debt service activity are primarily from sales tax funding. No new debt related to Raymond James Stadium is anticipated for the next fiscal year. 4) Salaries: Wages include full-time, part-time and over-time estimates and corresponding benefits such as social security, retirement and health insurance. 5) Buccaneers License Fee: In accordance with the terms of the Stadium Agreement between the Authority and the Tampa Bay Buccaneers, dated August 28, 1996, the Buccaneers pay an annual rent of $3,500,000 which increases to $7,000,000 if agreement is renewed. The Buccaneers retain all admissions, concessions, parking, and advertising revenues generated as a result of their events. Additionally, the Buccaneers retain all suite lease revenues and advertising revenues at Raymond James Stadium. 6) Ticket Surcharges: A surcharge of 8% is placed on all tickets sold at Raymond James Stadium with a maximum surcharge amount of $2.50 per admission ticket. Ticket surcharges are charged on every paid entry ticket and are paid to the Authority, not to exceed $1,930,000 annually (beginning February 1 of each year). Surcharge revenues that exceed $1,930,000 are placed in a reserve account. Surcharge reserves are permitted to be used by the Authority to reach the $1,930,000 annual surcharge cap. If the cumulative surcharge reserve exceeds $1,000,000, all reserve amounts in excess of $1,000,000 can be used by the Buccaneers for capital investments at Raymond James Stadium. In the event that surcharge revenues do not reach the $1,930,000 annual surcharge cap, the Authority uses any excess funds in the surcharge reserve account to reach the $1,930,000 surcharge cap. In the event the surcharge reserve does not have sufficient funds to be applied to reach the surcharge cap, the Authority has the right to implement surcharges on food and beverage and/or parking to address any surcharge shortfalls. The Buccaneers have the right to pay any surcharge revenue cap shortages in lieu of the Authority implementing any new surcharges. The Buccaneers’ agreed to fund any shortfall in 2027 in lieu of any surcharge implementation. The present balance in the surcharge reserve fund is $3.2 million. 7) Other Event Revenues: During each contract year beginning February 1, the Authority collects and pays to the Buccaneers: A. The first $2,000,000 of revenues (net of sales tax, surcharges and direct event costs) received from rent concessions and parking for all Stadium Events. B. Thirty three percent (33%) of all revenues above the first $2,000,000 and below $3,500,000 (net of sales tax, surcharges and direct event costs) received from rents, concessions and parking for all Stadium Events. C. Fifty percent (50%) of all revenues above $3,500,000 (net of sale tax, surcharges and direct event costs) received from rents, concessions and parking for all Stadium Events.

8) Taxes: A. Income Tax: the Authority is a governmental agency and therefore exempt from federal and state income taxes under provisions of the Internal Revenue Code and the Florida Income Tax Code, respectively There are no provisions for income taxes in the budget. B. Ad Valorem and Tangible Property Tax: Ad valorem and tangible property taxes are estimated based upon available assessed property values from the Hillsborough County Property Assessor’s office and the estimated tax millage available at the time the budget is prepared. When the actual ad valorem and tangible tax notices are received in November of each fiscal year, the estimated tax amount determined for budget purposes will be adjusted to reflect the actual tax amount. The actual tax amount will be reflected on the requests for reimbursement from the City of Tampa and from Hillsborough County. The Authority’s budget contains ad valorem property tax payments for New York Yankees minor league complex, portions of Raymond James Stadium and the south property which is owned by the Aviation Authority and leased by the Authority. Additionally, the Authority budget contains tangible property tax payments for the Buccaneers property within Raymond James Stadium. 9) Produce Events: The Authority successfully co-produced Supercross events in FY 2018 - FY 2020 - FY 2023 and produced Kenny Chesney concerts at Raymond James Stadium in 2011, 2012 and 2013. Prior to 2011, the Authority acted as a landlord with clients who promoted concerts in Raymond James Stadium. Since 2011, the Authority has acted as an event promoter and self-produced several concerts with the goal of generating additional revenue. The Authority continues to encourage promoters to produce events in the Stadium, when evaluating these opportunities, the authority strategically evaluates the risks and reward of self-promotion. The need to produce events is new for many stadiums and is primarily due to changes in the event industry and a decline in event promoters and acts which have the ability to sell tickets for such large stadiums. There are inherent risks with selfpromoting events and Authority management will continue to work closely with the Authority Board of Directors and the City and County administrations to gain approval and a better understanding of the risks and possible return on investment. Additionally, the Authority has established a $500,000 event development fund (which was funded FY 2018 and 2019 from prior positive budget variances) in order to offset the potential risks of producing events.

STADIUM

REVENUE & Tampa Sports Authority Statement of Revenue and Expenses - Comparative FY 2025

FY 2026

FY 2027

FY 2028

Actual *

Budget

Forecast

Proposed Budget

Planning Budget

License Fees Ticket Surcharge Parking Total Buccaneers

3,500,000 579,081 0 4,079,081

3,500,000 454,500 0 3,954,500

3,500,000 237,774 0 3,737,774

3,500,000 (300,000) 0 3,200,000

5,833,333 1,237,500 0 7,070,833

License Fees Ticket Surcharge Concessions Parking Total College Football

3,365,774 341,445 1,970,566 627,191 6,304,976

3,862,305 240,000 1,350,900 357,495 5,810,700

3,812,187 286,609 1,561,073 572,855 6,232,724

3,440,000 168,500 735,775 323,813 4,668,088

2,294,050 211,000 894,900 332,451 3,732,401

License Fees Ticket Surcharge Concessions Parking Total Concerts & Motorsports

19,506,931 1,114,213 5,787,607 2,238,046 28,646,797

6,554,716 525,300 1,938,800 867,768 9,886,584

27,613,042 1,504,425 5,937,435 2,697,109 37,752,011

18,038,823 930,429 3,456,154 1,486,210 23,911,616

7,578,991 318,700 1,271,100 625,500 9,794,291

Excess Revenue over $2,000,000

6,655,886

4,607,586

5,715,753

8,875,000

2,414,070

Bucs Ad Valorem/Tangible Tax Payment NYY Ad Valorem Tax Payment

148,618 149,169 297,787

157,128 156,700 313,828

License Fees Ticket Surcharge Concessions Parking Parking - Offsite Rent Miscellaneous/Other

3,680,504 256,183 1,695,280 661,430 1,011,831 433,915 934,027

5,853,554 275,875 917,900 398,000 314,773 484,113 236,000

6,114,453 296,729 843,001 389,777 230,000 486,174 195,500

5,222,195 128,100 842,800 349,376 60,000 490,709 208,600

5,120,049 128,100 842,800 349,376 75,000 506,758 219,600

Total Other

8,673,170

8,480,214

8,555,634

7,301,780

7,241,683

54,657,697 (15,776,629) 38,881,068

33,037,371 (6,816,235) 26,221,137

62,307,724 (18,064,556) 44,243,168

48,270,312 (8,020,882) 40,249,430

30,567,106 (4,270,958) 26,296,148

Operating Revenues

Buccaneers

College Football

Concerts & Motorsports

Other

Total Gross Operating Revenues Less: Revenue Splits

Total Net Operating Revenues

OPERATIONS

EXPENSES Tampa Sports Authority Statement of Revenue and Expenses - Comparative FY 2025

FY 2026

FY 2027

FY 2028

Actual *

Budget

Forecast

Proposed Budget

Planning Budget

5,040,486 (2,818,540) 1,897,505 73,126 60,670 271,727 301,916 1,944,794 1,150,815 4,992,271 24,511,371 (235,333) 169,932 236,746 304,699 494,609 0 148,618 149,169 54,042 1,036,758 69,707 (320,562) 35,011 338,040 39,907,577

4,991,805 (1,293,875) 2,250,651 84,000 53,000 215,000 320,500 1,457,500 1,520,533 4,691,442 15,516,136 (50,000) 59,740 369,000 304,699 518,382 0 148,618 149,169 46,000 709,000 65,175 0 51,500 354,458 32,532,432

5,332,000 (1,539,660) 2,268,746 75,000 51,000 216,500 154,500 2,520,000 1,213,640 4,016,736 31,630,829 (125,000) 0 639,500 305,000 520,199 0 157,128 156,700 59,200 960,600 48,500 0 51,500 410,000 49,122,617

6,156,251 (2,158,161) 2,480,060 85,000 54,000 275,500 320,500 2,037,500 1,403,517 5,564,931 25,919,063 (50,000) 11,387 644,000 304,699 545,220 0 157,128 156,700 55,000 709,000 78,975 0 53,500 444,000 45,247,770

6,347,938 (2,222,906) 2,572,866 93,500 54,000 289,275 329,000 2,141,500 1,633,001 4,900,000 15,182,305 (50,000) 50,240 447,800 350,000 570,992 0 157,128 156,700 56,410 743,000 81,344 0 53,500 444,000 34,381,592

3,313,687 0 804,432 14,155,021 0 0 (30,187,722) 0 (331,556) 0 0 (12,246,138)

0 0 545,000 12,635,067 0 0 (28,492,328) 0 320,268 2,500 0 (14,989,494)

3,612,632 0 555,000 12,635,067 0 0 (26,331,744) 0 329,368 0 0 (9,199,677)

0 0 495,066 3,184,478 0 0 (20,510,447) 0 (140,571) 2,500 0 (16,968,974)

0 0 495,000 1,000,000 0 0 (18,238,662) 0 (336,752) 2,500 0 (17,077,915)

(13,272,646)

(21,300,789)

(14,079,127)

(21,967,314)

(25,163,358)

Operating Expenses Salaries & Wages Salaries & Wages Reimbursement Fringes/Related Costs Computer Expenses Licenses & Permits Marketing & Advertising Maint & Supplies Fields & Building Maint - Contractual Insurance/Bonding Event - Buccaneers Event - Direct Costs Event - Other Costs Event - Offsite Parking Professional Services HCAA & Condo Rents Real Estate Taxes Bucs Intangible Tax Payment Bucs Ad Valorem Tax NYY Ad Valorem Tax Supplies, Postage & Shipping Utilities & Telephone Training & Education Pension & Expenses (not budgeted) Miscellaneous Other Depreciation Total Operating Expenses

Non-Operating Revenues (Expenses)

Contributed Revenue TSA Reserve Revenue Investment Income Bond Grants and Contributions Practice Facility Contrbution Amortization of Bond Issue Costs Amortization of Leasehold Interest Forgiveness of Debt Interest Expense and Amortization of Bond Gain (Loss) on Disposal of Assets Capital Grants and Contributions Total Non-Operating Revenues (Expenses)

Excess Revenues over Expenses

STATEMENT OF

REVENUE & EXPENSES

Tampa Sports Authority Statement of Revenue and Expenses - Comparative

FY 2025

FY 2026

FY 2027

FY 2028

Actual *

Budget

Forecast

Proposed Budget

Planning Budget

38,881,068 39,907,577 (1,026,509) 198,274 (828,235)

26,221,137 32,532,432 (6,311,295) 100,000 (6,211,295)

44,243,168 49,122,617 (4,879,450) 135,000 (4,744,450)

40,249,430 45,247,770 (4,998,340) 115,066 (4,883,274)

26,296,148 34,381,592 (8,085,443) 115,000 (7,970,443)

Reconciliation to Cash Basis Less:

Total Net Operating Revenues Total Operating Expenses

Add:

Total Unrestricted Investment Income

Less: Less:

Depreciation Non-Cash Pension Expense Net Operating -Cash Basis- (Deficit)/Gain Funds Carried Forward Event Development Fund Operating Deficit & Funds Carried Forward

338,040 (320,562) (810,757) 1,406,880

354,458 0 (5,856,838) 2,246,023

410,000 0 (4,334,450) 2,246,023

444,000 0 (4,439,274) 1,862,023

444,000 0 (7,526,443) 3,909,810

596,123

(3,610,815)

(2,088,427)

(2,577,251)

(3,616,633)

Total Operating Subsidies/Donated Capital

3,313,687

3,612,632

Less: Bucs Donated Capital Operating Subsidy (Shown as Zero for Budget)

0 3,313,687

0 0

0 3,612,632

0 0

Net Gain (Loss)

3,909,810

(3,610,815)

1,524,205

(2,577,251)

(3,616,633)

Operating Subsidy Request

3,313,687 2,209,125 1,104,562

3,610,815 2,407,210 1,203,605

3,612,632 2,408,422 1,204,211

2,577,251 1,718,167 859,084

3,616,633 2,411,089 1,205,544

Add: Less:

Hillsborough County City of Tampa

* Excludes lease and non-cash accounting entries. FY- 2025 offset by FY-2022 Operating surplus, FY-2026 offset by FY-2023 Operating Surplus, FY 2027 offset by FY-2024 Operating Surplus, and FY 2028 offset by FY-2025 Operating Surplus

CAPITAL

PROJECTS FY 2026

Parking Lot Signs The parking lot entrance signage needs the ability to provide clear communication to guests, while allowing staff the ability to change messaging during events. We have purchased twelve (12) Solartech LED message boards for the parking lot entrances to address these needs.

Field Stairs The existing wooden field stairs were in need of constant repair and were very labor intensive moving in and out. They are being replaced with fourteen (14) customdesigned aluminum field stairs that provide ultimate flexibility and significantly less storage space when not in use. They also have wheels, which will reduce time and staff needed for moving.

Bucs Beach Electrical Power Three (3) new 200 amp power outlets were installed at Bucs Beach. These additions will enhance our ability to use that area for preevent activations and standalone events, while reducing costs of rental generators.

PROPOSED CAPITAL PROJECT BUDGET & OVERVIEW PROJECTED CAPITAL COSTS

TAMPA SPORTS AUTHORITY CAPITAL PROJECTS Fiscal Year 2026 for the period Fiscal Year 2027 for the period Fiscal Year 2028 for the period Oct 1 -Sep 30 Oct 1 -Sep 30 Oct 1 -Sep 30

FY 2026 FORECASTED

FY 2027 PROPOSED

FY 2028 PROPOSED

AVAILABLE CASH BALANCE

3,888,497

ADD: Interest Income/Revenue COUNTY CONTRIBUTION

6,410,400

SUBTOTAL: FUNDS AVAILABLE FOR CAPITAL PROJECTS

10,298,897

LESS: COMPLETED AND PROJECTED PROJECTS

(6,804,900) $

(61,084,000) $

LESS: BUCCANEERS PROJECTS

SUBTOTAL: FUNDS REMAINING

(57,590,003) $

(15,546,000)

57,590,003

15,546,000

ADD: REQUESTED SUBSIDY FOR CAPITAL

3,493,997

TOTAL FUNDS REMAINING AS OF FISCAL YEAR END

PROJECTED CAPITAL COSTS

2028-2032

Projected Capital Costs

(162,101,955) $

County/City Contribution

(162,101,955) $

Interest

3,493,997

2033-2037

(53,534,100) $ (53,534,100) $

3,493,997

2038-2042

2043-2047

(76,420,851) $ (76,420,851) $

as of 7/23/26 2:56 PM

TOTAL

(86,588,878) $

(378,645,784)

(86,588,878) $

(378,645,784)

Funds carried forward Total Unfunded

(15,546,000)

CAPITAL PROJECTS

FY 2027

FYE 26

SYSTEM/ITEM CAPITAL PROJECTS

Architectural Panels and Precast Concrete Caulking Building Expansion Joints Computers Concourse Restroom Floors Concourse Restroom Walls Concrete Flatwork Repai r Concourse and Ramp Drains

DESCRIPTION

Repai rs to porti ons of verti cal and hori zontal joi nt caulki ng at precast architectural panels, precast concrete panels, control joints and expansion joints each year as required. Replacement of the two large end zone expansion joints, including concrete repairs. New accounting system & server upgrade. Replacement and/or purchase of office based computers, printers, servers, and support peripherals plus software upgrades and licenses including vendor labor to install. Coating of Upper Concourse Restrooms Repaint walls upper and lower concourse. Repai r concrete slab on grade at servi ce level at expansi on joi nts and other damaged areas including concrete sidewalks around stadium perimeter. Perform repai rs or modi fi cati ons to vari ous grates that are below grade of surrounding walking surface.

FY 2026-2027

60,000

400,000

300,000

$ $

200,000 50,000

50,000

25,000

Door and Magneti c Locks

Replace locks and cylinders and re-key accordingly the ramp and service level exterior doors. Upgrade / replace magnetic locks and door hardware as needed.

50,000

Drywall

Refurbishment of existing drywall throughout facility.

100,000

Elevator/Escalator Replacement

Complete replacement of ten passenger elevators and four corner escalators.

18,000,000

Field Wall Pad Repair Frei ght Elevators Graphics and Signage Golf Carts Maintenance Equipment Masonry Overhead Coiling Doors Retractable Bowl Seats in South Endzone

Re-Cover field wall pads. Replace Tracti on Control & Cabli ng on Frei ght Elevators "A" and "B" Purchase digital directional & wayfinding signage for the postage stamp. Purchase new ADA & 4-Seat Golf Carts to replace exi sti ng End of Li fe carts Yearly purchase as required of Maintenance and Field Equipment. Inspect and repair precast masonry unit walls. Repai r doors at docks and on servi ce level each year as requi red. Perform rust remediation on decking, supports and tracks, Paint as needed. Add additional office space in Maintenance and replace old furniture as needed in Administration. Replace and purchase additional chairs and tables for stadium events

$ $ $ $ $ $ $ $

10,000 40,000 500,000 60,000 500,000 40,000 20,000 50,000

300,000

50,000

Maintenance and Administrative Offices BEO Carts and Furniture Security Enhancements

Various security upgrades each year as required to maintain NFL physical securi ty and NFL/DHS Cyber Securi ty Best Practi ces. A full li st wi ll be provi ded to and discussed with the Security Committee.

1,675,000

Scoreboard Hoists

Replace baskets/hoists in both north & south scoreboards

50,000

Stadium Seating

General repairs to stadium seating as needed Full replacement of the bowl seats and new telecopic retractable system in south end zone Install new, modern technology system for meeti ngs & conference calls i n Board Room & Conference Room Replace current ticket scanners with upgraded technology

32,000

30,000,000

160,000

125,000

Videoboard control room equipment replacement per Daktronics agreement. Add Fi ber opti c cabli ng for Press Box, Fi eld, Dock D, Crow's Nest Replace club windows and seals as needed Irri gati on Heads, Li nes & Valve Replacement

$ $ $ $ $

28,000 70,000 20,000 25,000 65,000

Finish South Concourse Undeveloped Space Install new flooring, additional power & upgrade to higher capacity HVAC unit.

500,000

50,000

15,000

Stadium Seating Replacement TSA Offi ce A/V Ti cket Scanners Videoboards Fiber Upgrade Club Window Refurbishment Field Irrigation CMMS Annual License

Permanent/Fixed Concrete Trashcans Gutters

as of 7/23/26 3:00 PM

Install fixed/permanent trash/recycling containers in select locations throughout Stadium perimeter

CAPITAL PROJECTS

FY 2027

FYE 26

SYSTEM/ITEM CAPITAL PROJECTS Housekeeping Equipment Storage Building Fire Sprinkler System Microlite Electrical System Interior and Exterior Lighting Fixtures Televisions/Sets Pipe Hangers HVAC Upgrades Cooling Towers Piping System HVAC Pumps Chilled Water Pumping System Insulation Fall Arrest BMS System Plumbing Equipment Chiller Tower Domestic Hot Water Main HW Boilers Restroom Fixtures Water Valves Sprinkler & Domestic Water Piping Lift Station Landscaping Tree Replacement/Landscape Parking Lot Vaults

DESCRIPTION

Purchase Industrial Washer & Dryer for Housekeeping Build a new storage building in the parking lots Replace corroded Sprinkler piping Labor for Installation of new Microlite System Replace ramp LED lights Replace indoor and concourse outdoor sets. Replace exposed corroded pipe hangers and supports. Replace misc equipment and BMS controls throughout the facility. Re-apply epoxy paint on condenser water lines in cooling tower yard. Re-build / recondition primary and secondary chilled water pumps. Repair and refurbish piping and piping joints. Upgrade secondary pump VSD's. Repair and replace each year as required. Install Fall Arrest system on roof tops Upgrades to the current BMS controls system Purchase new Plumbing Scope Repairs & Upgrades to the Cooling Tower Replacement of various hot water heaters within the facility. Refurbish existing main hot water boiler tanks in Quads "B" and "D". Replace Main Quad "D" Hot water Boiler Replace misc toilet, urinal and other plumbing fixture components in the Main Concourse, Endzone and East Club restrooms. Replace water valves throughout the building Refurbishment of existing sprinkler & domestic water pipes Replacement of all (4) Lift Stations which have reached End of Life Ongoing replacement of plants, sod and sprinkler equipment in the outside landscaped areas. Replacement of diseased or stressed palm and oak trees as required Repair interior damage and clean-out underground storm vaults

FY 2026-2027

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

8,000 3,000,000 75,000 10,000 50,000 50,000 10,000 75,000 20,000 30,000 40,000 20,000 500,000 200,000 4,000 1,000,000 25,000

50,000

40,000

$ $ $

25,000 75,000 300,000

40,000

$ $

25,000 20,000

New Locker Room Buildout

Architectural Services for Design & Construction Oversight for conversion of undeveloped space in Quad A to a new Visiting Team Locker Room.

600,000

Stadium Water Redundancy

Add secondary water supply with backflow prevention/fire system back-up

400,000

60,312,000

$ $

272,000 500,000

61,084,000

SUBTOTAL Contingency Projects Other Contingency Reserves TOTAL TSA Capital Projects

Unforeseen Proj ects Contingency Reserves for Proj ects

PROPOSED CAPITAL

PROJECTS FYE27

FY 2028

SYSTEM/ ITEM CAPITAL PROJECTS

Architectural Panels and Precast Concrete Caulking Building Expansion Joints Computers Concourse Restroom Floors Concourse Restroom Walls Concrete Flatwork Repair Concourse and Ramp Drains Door and Magnetic Locks Drywall Field Wall Pad Repair Graphics and Signage Maintenance Equipment Masonry Overhead Coiling Doors

DESCRIPTION

Repairs to portions of vertical and h orizontal joint caulking at precast architectural panels, precast concrete panels, control joints and expansion joints each year as required. Replacement of the two large end zone expansion joints, including concrete repairs. New accounting system & server upgrade. Replacement and/or purchase of office based computers, printers, servers, and support peripherals plus software upgrades and licenses including vendor labor to install. Repaint Endzone, upper and lower concourse floors. Repaint walls upper and lower concourse. Repair concrete slab on grade at service level at expansion joints and oth er damaged areas including concrete sidewalks around stadium perimeter. Perform repairs or modifications to various grates th at are below grade of surrounding walking surface. Replace locks and cylinders and re-key accordingly the ramp and service level exterior doors. Upgrade / replace magnetic locks and door hardware as needed.

FY 2027-2028

65,000

50,000

200,000

$ $

20,000 20,000

50,000

10,000

50,000

$ $ $ $ $ $

50,000 10,000 100,000 125,000 20,000 20,000

575,000

150,000

30,000

Stadium Seating Structural Precast and Escalator Steel Inspection (Phase 2)

Refurbishment of existing drywall throughout facility. Re-Cover field wall pads. Purchase digital directional & wayfinding signage for the postage stamp. Yearly purchase as required of Maintenance and Field Equipment. Inspect and repair precast masonry unit walls. Repair doors at docks and on service level each year as required. Various security upgrades each year as required to maintain NFL physical security and NFL/DHS Cyber Security Best Practices. A full list will be provided to and discussed with the Security Committee. Add sh ade canopies to th e Lot 1 and Lot 2 entrances to match existing structures at other lots. General repairs to stadium seating as needed Perform recommended follow up inspection as recommended by Walter P Moore Engineers report in FY 25

50,000

Suite Hallway Carpet

Replace suite h allways carpet wh ere needed (Upper & Lower, Exclusing Press Box) $

50,000

Security Enhancements Parking Entrance Canopies

TSA Office A/V TSA Trucks Videoboards Fiber Upgrade Yankee Pedestrian Ramp Club Window Refurbishment CMMS Annual License Ticket Scanners CMMS Annual License Build Out Quad A Undeveloped Microlite Electrical System Parking Lot Lights Televisions/Sets Pipe Hangers HVAC Upgrades Cooling Towers Piping System HVAC Pumps Chilled Water Pumping System Insulation Domestic Hot Water Main HW Boilers Restroom Fixtures Sprinkler & Domestic Water Piping Landscaping

Install new, modern tech nology system for meetings & conference calls in Board Room & Conference Room Replace TSA Full-Size Pick-up Truck Videoboard control room equipment replacement per Daktronics agreement. Add Fiber optic cabling for Press Box, Field, Dock D, Crow's Nest Required repairs on Yankee pedestrian bridge per WPM report (Amount represents TSA split with Yankees). Replace club windows and seals as needed Replace current ticket scanners with upgraded technology Build new Visiting Locker Room in Quad A undeveloped space Replace Microlite control system. Install new concrete poles and bury wires. Replace indoor and concourse outdoor sets. Replace exposed corroded pipe hangers and supports. Replace misc equipment and BMS controls throughout the facility. Re-apply epoxy paint on condenser water lines in cooling tower yard. Re-build / recondition primary and secondary chilled water pumps. Repair and refurbish piping and piping joints. Upgrade secondary pump VSD's. Repair and replace each year as required. Replacement of various h ot water h eaters with in th e facility. Refurbish existing main hot water boiler tanks in Quads "B" and "D". Replace Main Quad "D" Hot water Boiler Replace misc toilet, urinal and other plumbing fixture components in the Main Concourse, Endzone and East Club restrooms. Refurbishment of existing sprinkler & domestic water pipes Ongoing replacement of plants, sod and sprinkler equipment in the outside landscaped areas.

30,000

$ $ $

70,000 29,000 50,000

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

20,000 75,000 125,000 10,000,000 10,000 1,500,000 50,000 10,000 75,000 20,000 30,000 40,000 20,000 25,000

10,000

75,000

40,000 250,000 25,000 50,000 500,000 14,774,000

Parking Lot Resealing Tree Replacement/Landscape Parking Lot Vaults Perimeter Fence SUBTOTAL

Replacement of diseased or stressed palm and oak trees as required Repair interior damage and clean-out underground storm vaults Replace wooden fence posts & row markers around property

$ $ $ $ $

Contingency Projects Oth er Contingency Reserves

Unforeseen Projects Contingency Reserves for Projects

$ $

272,000 500,000

15,546,000

TOTAL TSA Capital Projects

HILLSBOROUGH COUNTY

COMMUNITY INVESTMENT TAX Community Investment Tax (CIT) Distribution Schedule (FY-2025) Public Safety, Roads, Infrastructure Needs Hillsborough County BOCC $ 118,759,192 City of Tampa 34,843,344 City of Plant City 3,516,706 City of Temple Terrace 2,346,863 Subtotal 159,466,104 Other Funding Recipients Hillsborough County Schools 56,133,516 Raymond James Stadium 8,934,445 Subtotal 65,067,962 Total CIT Distributions

224,534,066 4%

25%

Raymond James Stadium Safety and Roads

71%

Hillsborough County Schools

% of Total

71% 25% 4%

100%

DEBT SERVICE

REQUIREMENTS Long-term Debt: Debt Service Payments for FY-2027 Principal Payments

Interest STEINBRENNER FIELD $13,590,000 Florida State Sales Tax Payments Revenue Bonds, Series 2017 Subtotal BENCHMARK INTERNATIONAL ARENA $28,790,000 Special Purpose Bonds, State of Florida Sales Tax Payment, Series 1995

335,068

645,000

980,068

335,068

645,000

980,068

$10,300,000 Special Purpose Bonds, City of Tampa Guaranteed Parking Revenue, Series 1995

$2,815,000 Special Purpose Bonds, City of Tampa Surcharge Loan Revenue, Series 1995 Subtotal RAYMOND JAMES STADIUM $63,020,000 Local Option Sales Tax Refunding Revenue Bonds, Series 2015

Annual Debt Payment

5,013

125,000

130,013

5,013

125,000

130,013

128,700

6,435,000

6,563,700

$19,240,000 Florida Sales Tax Payments Refunding Revenue Bonds, Series 2015

14,775

985,000

999,775

Subtotal

143,475

7,420,000

7,563,475

TOTAL DEBT SERVICE PAYMENTS FY-2027

483,555

8,190,000

8,673,555