St. Pete officially ends Rays redevelopment deal, approve Tropicana Field repairs
/One year after entering into a $6.5 billion redevelopment deal with the Tampa Bay Rays and national developer Hines, St. Pete City Council unanimously voted on Thursday to terminate the agreement.
The deal would have allowed the 86-acre Historic Gas Plant District be to redeveloped into a new mixed-use neighborhood with nearly 8 million square feet of space, including a $1.3 billion baseball stadium.
City Council’s vote was largely procedural, as the Rays and Hines had announced in March that they were withdrawing from the deal after missing key project milestones.
Mayor Ken Welch, who was a strong supporter of the project, addressed the termination in a statement following the vote.
“While the Rays’ decision is terribly disappointing, our mission was to adapt and refocus on our primary objective – the progress of our city,” said Welch. “And part of that mission is accomplished by today’s City Council vote.”
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