The Tampa Bay Rays have successfully secured a deal with the city of St. Petersburg and Pinellas County to construct a state-of-the-art $1.3 billion stadium in the Historic Gas Plant District, currently occupied by Tropicana Field. In collaboration with Houston-based development firm Hines, the team has officially announced their agreement on a term sheet for developing the 86-acre property.
According to Jeffrey Hines, Chairman and Co-CEO of Hines, this project is their largest undertaking yet. The ambitious vision shared by Rays and Hines includes an expansive seven million-square-foot redevelopment plan featuring 5,700 multifamily units, 1.4 million square feet of office space, 300
