[12] The original plan was to build the facility on the former site of Al Lopez Field, just south of old Tampa Stadium.
[13] The ballpark and the surrounding training complex cost approximately $30 million to build and was financed entirely with public funds, mostly from Hillsborough County.
[19] On April 20, 2016, Hillsborough County commissioners approved a $40 million renovation of George M. Steinbrenner Field, greenlighting an agreement that will keep New York Yankees' spring training in Tampa through 2046.
Improvements included new seats throughout the 10,000-capacity ballpark, roof replacements, a better entry plaza and an upgraded outfield concourse.
The renovations also included adding new amenities such as new loge boxes, cabanas, suite upgrades, a right-field beachside bar and bullpen clubs.
In 2008, Barack Obama held a campaign rally at the ballpark with members of the Tampa Bay Rays, including David Price, who introduced him to the crowd.
On August 9, 2014, the venue hosted the "Carnivores Tour" featuring Linkin Park and Thirty Seconds to Mars along with AFI.