Details of Restoration Associates Proposal Historic Gas Plant District Redevelopment Disclosed

A partnership that includes local philanthropist Dr. Kiran Patel, Gas Plant District Restoration Associates, offers two options for the redevelopment of the Historic Gas Plant District in downtown St. Petersburg. Option A would include the construction of a new baseball stadium, Option B features a $600 million improvement of the existing stadium.  The proposal also includes between 2,800-3,800 attainable mixed-use residential units along with a $40 million self-storage facility in phase one of an eight-phase project. Also part of the proposal is a $450 million research and development park, a $350 intermodal center, a $450 million convention center and two hotels built on the east side of Booker Creek along with an African-American history museum.

Spanning 86 acres nestled in the middle of St. Pete, with one of the most vibrant and walkable communities in the nation, the Historic Gas Plant District (formally known as the Tropicana Field site) represents an opportunity unlike any other in the Southeast. The site is currently occupied by Tropicana Field, home of the Tampa Bay Rays major league baseball team. The Rays’ lease with the city expires in 2027.  Proposals for re-development were required to include plans with a new baseball stadium and call for residential units, to include affordable housing, office space, retail space and green space.  Four groups submitted proposals prior to the deadline, which was December 2, 2022. In addition to Gas Plant Restoration Associates, the other groups are, Sugar Hill Partners, Hines & Tampa Bay Rays, and 50 Plus 1 Sports.

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