ST. PETERSBURG, Florida - The head of the Tampa Bay Rays efforts to get a new stadium is leaving the team to join an investment office in New York.
The Tampa Bay Rays announced Friday its Senior Vice President of Development and Business Affairs Michael Kalt is leaving to lead a New York-based private investment office established by several Rays general partners.
"It's a very difficult decision to leave an organization as special as the Rays," said Kalt. "I'm extremely proud to have been a part of our dramatic turnaround and very excited for the opportunities ahead."
Since joining the Rays in March 2006, Kalt has led a wide range of business initiatives including the creation of the Rays Card, an industry-leading digital ticketing and stored value platform, the design and construction of the Rays spring training home in Charlotte County and the recent renovations of Tropicana Field. Kalt has also served as the point person on the Rays' efforts to build a new ballpark in Tampa Bay.
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"Michael's contributions and leadership during the past eight years have been invaluable to the growth of the Rays organization," said Rays principal owner Stu Sternberg. "He has influenced and bettered nearly every aspect of our business. His presence and guidance will be sorely missed."
Kalt came to the Rays after three years in the Bloomberg administration as a senior advisor to the New York City deputy mayor for economic development. He was previously a management consultant at McKinsey and Company.
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