Tampa Bay Rays president Matt Silverman talks with reporters at a press conference at the Valpak facility near Gandy Blvd. [Edmund D. Fountain, Times]
UPDATE (3:38) The conference just finished. Bay News 9 ended up not airing it live.
Rays President Matt Silverman is on TV now: "We are withdrawing our proposal and we will no longer be seeking a November referendum on a waterfront ballpark."
Why?
"There has not been sufficient support for the timelime that we put forth."
It is up to the community now to decide what to do about the stadium, Silverman says.
"Our discussion has brought us together despite our differences on many points...Today the Rays are passing the torch to the community and a new coalition."
"We are very optimistic that with the work of this community coalition that a plan will come together to keep Major League Baseball in St. Pete for years to come."
UPDATE (4 p.m.) Mayor Rick Baker is on TV now. He is praising the Rays' commitment to St. Petersburg.
Jeff Lyash, CEO of Progress Energy, will head up the community coalition on the stadium.
UPDATE ( 4:07) Lyash says he is excited to be involved.
"I have watched and listened and participated in the debate on the waterfront stadium over the last few months...I have been most impressed by the common ground that exists between all parties."
Lyash says the community needs to "step up its game" and support the Rays.
UPDATE (4:30) The Rays stadium proposal has been delayed indefinitely, not until 2010 as some elected officials said earlier today. Lyash's coalition will work to develop a new timeline.
-Cristina Silva, Times Staff Writer
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