The St. Petersburg city council will vote on a long-awaited proposal that would allow the Tampa Bay Rays to search for a new home this week.

The deal requires the Rays to pay up to $24 million annually, which is about the same amount from previous attempts to resolve an eight-year standoff between St. Petersburg and the team.

However, the new deal includes some innovations that weren't in prior attempts. Chief among them is a shared account financed by development revenue from the Tropicana Field site.