When the Rays and development partner Hines were selected to redevelop the Gas Plant District last year, elected officials and baseball fans across Tampa Bay had hoped it would end years of uncertainty surrounding the fate of the site and the team’s future in the region.

A source with the Orlando Dreamers says they have a majority owner ready to buy Tampa Bay Rays and move them to Orlando.

The Tampa Bay Rays will not proceed with the development of a $1.3 billion baseball stadium in St. Petersburg, Florida, principal owner Stuart Sternberg said.