St. Pete to invite new proposals for redevelopment of Historic Gas Plant District
/The City of St. Petersburg is once again preparing to solicit proposals for the redevelopment of the 86-acre Historic Gas Plant District in downtown St. Pete, the same site where the Tampa Bay Rays’ future stadium and a new mixed-use district have long been envisioned.
This morning, the City announced plans to publish a notice in mid-November inviting private developers and other interested parties to submit proposals within 30 days for the site’s redevelopment.
The move follows an unsolicited proposal submitted earlier this month by a development team led by Casey Ellison, CEO of Ellison Companies; Cathie Wood, founder of global investment firm ARK Invest; and Jonathan Graham, president of Horus Construction.
Their 98-page, $6.8 billion proposal outlines a sweeping vision for a new mixed-use district anchored by innovation, housing, cultural institutions, and world-class event venues spanning 95.5 acres of downtown St. Petersburg, including the Historic Gas Plant District.
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