ST. PETERSBURG, Fla. -- The Tampa Bay Rays have notified St. Petersburg that the team is officially terminating its negotiating window with Tampa.

Last week, the team's principal owner Stu Sternberg confirmed his MLB franchise would not be able to finalize any plans to build a nearly $900 million ballpark on the other side of the bay before the three-year negotiating window expired.

Related: Rays’ real estate report reveals more potential Ybor City plans

The Rays are now effectively locked into their lease at Tropicana Field, and that lease doesn't expire until 2027.

Political approvals, site control, investment issues and overall high costs made the current attempt to move to Ybor City unsuccessful.

A 10News analysis in July found Hillsborough County was short on money while the Trop's home in Pinellas County had much more available revenue, largely because of its heavy beach traffic and fewer obligations to existing pro stadiums.

St. Petersburg Mayor Rick Kriseman has vowed to work with the Rays organization on any future plans if the city is asked.

Previous: The Tampa Bay Rays' Ybor City ballpark project is basically dead

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