https://www.bizjournals.com/tampabay/news/2023/10/25/st-pete-council-to-discuss-trop-development.html St. Petersburg City Council on Thursday will have its first chance to dive into the redevelopment plans for the Historic Gas Plant District, which is home to Tropicana Field. Council, meeting as the committee of the whole, will receive a presentation by the Tampa Bay Rays and Houston-based development firm Hines. The committee will also review a stadium development term sheet, a Historic Gas Plant Development term sheet and a bond/financing plan from the city. The presentation from the Rays shows the group is committing to the following community benefits: $50 million intentional equity initiatives $15 million for the city's Housing Opportunity for All program $500 million as a minimum commitment to minority, small and women-owned businesses The proposed timeline shows the ballpark and infrastructure design will begin next month with the goal of receiving city approval by March 2024 and starting construction in November 2024. This will allow the new ballpark to be completed by opening day 2028. The presentation also further breaks down its affordable and workforce housing commitments. The team is proposing building a total of 1,200 affordable and workforce units that will be for those making 60% to 120% of the area median income. The units will serve residents making $30,000 to $73,000 a year. There will also be 100 units designated for senior residents. The development will also aim to have 4,800 market-rate residential units, 600 market-rate senior residences, 1.4 million square feet of office/medical space, 750,000 square feet of retail space, 100,000 square feet of entertainment space and 750 hotel rooms. There will also be 14 acres of park space. At a minimum, the development will have 3,800 market-rate residences, 1 million square feet of office/commercial space, 400 hotel rooms and 10 acres of park space. The breakdown for the $1.3 billion stadium is as follows: Rays: $700 million Pinellas County: $312.5 million St. Pete: $287.5 million _______________ All questions shall be in writing and must be submitted no later than 12:00 p.m., Friday, October 13, 2023 to Michael Schlesinger, Purchasing Manager, to michael.schlesinger@stpete.org or via Online Discussions through Sourcing site.