Inside Blake Investment Group's $260 million cash offer for the Tropicana Field site
/After decades of debate and negotiations for the redevelopment of the Gas Plant District and securing the future home of the Rays, the deal with the team is no longer on the table, but one local developer is ready to sign a big check to make the long-awaited grand vision a reality.
Investor Thompson Whitney Blake, CEO of private equity firm Blake Investment Partners, is offering the City of St. Petersburg $260 million in an all-cash deal to buy the Gas Plant District following the Tampa Bay Rays' abrupt announcement of abandoning the $1.3 billion stadium agreement.
"My entire strategy is to get public support for a sale of the property and let the private market fix this 86-acre parking lot problem. I don't want to wait any longer," Blake said in a conversation with St. Pete Rising.
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A permanent ferry dock at the St. Pete Pier moved closer to reality Friday, as the Pinellas Suncoast Transit Authority celebrated $850,000 in newly secured federal funding for the future Tampa Bay Ferry terminal.
PSTA leaders joined U.S. Rep. Kathy Castor, St. Petersburg Mayor Ken Welch, and representatives from Hubbard’s Marina at the Pier to announce the funding, which will help support a new dock near the St. Petersburg Museum of History.
The permanent facility is planned to include a security gate, ticket booth, and ADA-compliant access. It is expected to accommodate two ferry vessels at once, according to Captain Dylan Hubbard of Hubbard’s Marina.
“This is a key piece in the puzzle,” PSTA CEO Brad Miller said during the event.
The federal funding, secured by Castor through the Fiscal Year 2026 Transportation, Housing and Urban Development appropriations bill, comes as PSTA prepares to relaunch passenger ferry service between downtown St. Pete and Tampa later this year.