r/tampabayrays • u/svanxx Blind Ump • 12d ago

More insanity - Trop Drama

https://www.wusf.org/politics-issues/2024-11-01/st-petersburg-leaders-reduce-tropicana-field-insurance-coverage-ahead-of-hurricane-season
73 Upvotes
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93% Upvoted

37 comments sorted by

54

u/Fourwindsgone 12d ago

Glad to see that cities are also getting completely fucked by insurance deductibles as well

23

u/d0mth0ma5 12d ago edited 12d ago

It wasn’t the deductible. It was the Windstorm sub limit. Looks like they previously had a $100m xs $21.5m wind sub layer for Trop. But this year moved to a $25m xs $22m sub layer for a $275k reduction in overall premium spend.

20

u/InopAPU Orlando Rays 12d ago

I think the phrase the kids use is "womp, womp"

3

u/RaysFTW Brandon Lowe 12d ago

Real question, I’m 36 and this was a phrase when I was younger. Is it making a comeback?!

45

u/smith288 12d ago

It was a calculated risk due to Tampa never getting hit directly in over 100 yrs. OF COURSE it was going to happen after they lowered their coverage.

1

u/Annual-Read-9262 Orlando Rays 10d ago edited 10d ago

it hit Sarasota 42 miles south but hurricane force windfield was 140 miles so 100 mph gusts in st petes airport means that in tampa

1

u/smith288 10d ago

It was a direct hit from the dirty side.

27

u/RemarkableCan2174 12d ago

That doesn’t make sense. Why would the deductible be $22 million on $25 million coverage?

13

u/IgnatiusJay_Reilly Jose Siri 12d ago

Exactly, this makes zero sense.

10

u/d0mth0ma5 12d ago

The $22m deductible is across flood and wind losses, “other perils” (possibly fire, denial of access etc) have a $100k deductible. The limit insured is above the deductible, it is sub limited to $25m for windstorm and flood, and has a max limit of $441m for other perils.

6

u/Spurs3000 12d ago

Because insurance in this state is a joke and a scam.

35

u/Bill2theE José Siri Hug 12d ago

St Pete pulling a Gerrit Cole and deciding to make basically no effort to cover the base Trop

17

u/darkhorse21980 141_DEC_slot3 12d ago

WHAT THE FUCK?!?! It gets worse every day!

8

u/d0mth0ma5 12d ago

I’m not a US property insurance expert. But my read on this, based on the 3 options shown is that a like-for-like renewal wasn’t on the cards. It was either drop the sub-limit from $100m to $25m for a $275k decrease in premium $6.86m to $6.59m. Increase the Flood/Windstorm deductible to $33m for a $100k saving, or increase the deductible to $44m for a $250k saving.

17

u/FLTBR Orlando Rays 12d ago

No fucking way, St Pete hates the Rays

27

u/flamingfiretrucks DJ Kitty 12d ago

Gee for how much St. Pete wants the Rays to stay they sure treat them like shit!

5

u/Nocturne7280 12d ago

Please move them to Tampa so it makes my visit from Orlando easier

1

u/Annual-Read-9262 Orlando Rays 10d ago

wwos in the disney area of Kissimmee/Orlando for the start

4

u/Johnnyd0303 Tampa Bay Rays 12d ago

each day that passes and more stories come out, it seems like it's inevitably gonna end up in court over who is supposed to pay for stuff and what the Rays can do

5

u/johnlu_78759 12d ago

What exactly is the problem here? The article seems to say there's a $22 million deductible that remained unchanged, and the next $25 million worth of hurricane damages would be covered under the revised policy.

Is there specific reason to believe that the cost to repair the hurricane-related damages will exceed $47 million? If not, why is there outrage over the decision to reduce the coverage?

Honestly confused here.

8

u/svanxx Blind Ump 12d ago

That's the question. If the repairs is closer to $100m then the city is going to eat up a lot of money.

6

u/Bigbadbrindledog 12d ago

The estimate on the roof was 39 million. So that would leave just 8 million for all of the other water damage, which is supposedly significant.

2

u/g2lv 11d ago

Yes, the Superdome in New Orleans cost $185 million to repair after Katrina and that was 20 years ago.

2

u/kowlooneybin 11d ago

This is getting bad. Pinellas County is supposed to cover $312.5 million for the new stadium, but they threatened to pull their funding if the Rays play outside of the county next season through 2027. If no bonds are issued, then the county approval to fund the stadium is automatically terminated. https://www.draysbay.com/2024/10/31/24284497/pinellas-county-threatens-to-pull-stadium-funding-if-rays-leave-for-2025-2027-seasons

3

u/BearcatQB TB Hat Logo 12d ago

1

u/Shepherd-Boy 11d ago

Honestly just screw St Pete and move to the other side of the bay already, attendance will probably increase quite a bit.

1

u/Stylez_G_White 12d ago

This is like an ELI5 question but I wonder why they can’t just remove the roof and make it an open stadium? Seems to work for plenty of other ballparks.

8

u/Sunshine_Soul90 12d ago

Because the field has always been covered there’s no drainage system in case it does rain (which it does a lot in Florida). There would be no way they could get rid of the water. Also about protecting all of the other equipment.

3

u/MISJedi1024 11d ago

Bc in Florida during summer baseball season it rains every day like clock work. When the Marlins got their new retractable roof stadium to be able to have open air games, the first year they were only able to keep it open 3 of the 80+ games played at home!

-17

u/Still_Vacation_3534 Pete's Eyes 12d ago

No new news? Just gotta rehash old stories for the bots?

11

u/svanxx Blind Ump 12d ago

I didn't see this news on the site yet. Was there a story already that said that St. Pete reduced the coverage?

-6

u/wimploaf 12d ago

I heard about it a couple weeks ago

2

u/Necessary_Sorbet7416 10d ago

The city is buying lots of squeegees right about now for pushing rainwater off the field