Tropicana Field Area Redevelopment

Tropicana Field Area Redevelopment  St. Petersburg, FL

Tropicana Field Area Redevelopment
St. Petersburg, FL

Downtown Redevelopment

Components: For-Sale Residential, For-Rent Residential, Retail, Office, Hotel, Parking
Project Value: $900 millionĀ 

SAG assisted Hines and the Tampa Bay Devil Rays with financial modeling and analysis related to the redevelopment of the existing Tropicana Field site encompassing approximately 87acres. The mixed-use project included a 250-room hotel, 200,000 square feet of office space, 230,000 square feet of retail space, 800 condominium units, and 300 residential apartments. Our scope included an analysis of how the taxes projected to be generated by the redevelopment of the old ballpark site could be monetized through tax increment financing to provide a source to fund new ballpark development costs.