The money is to come from the city's "special stadium capital projects escrow," which has funded previous maintenance work such as roof, parking lot, and A/C repairs:
The account, which currently has a balance of $2.1 million, is funded with naming rights revenues and ticket fees as part of the city's contract with the Rays. The team can't spend money from the account without city approval.I'm sure the Rays would prefer that some of their naming rights and ticket revenue would not go toward this escrow fund, but it's a good thing to preserve both taxpayers' interests and the stadium's appearance.
The renovation also will include restroom upgrades, pipe replacement and ceiling restoration in the home clubhouse, improved exterior lighting in employee parking areas, refurbishment of exterior awnings and various ADA projects. All of the work is expected to be complete before the start of the 2014 baseball season.