Focused on transformation and community upliftment, Hines and the Rays will repurpose the 86-acre site of the Tampa Bay Rays¡¯ current stadium into an innovative ballpark and mixed-use development. This initiative is more than just a real estate development - it's a $6.5 billion investment in St. Petersburg's future over the next 20 years. With over 8 million square feet of mixed-use development planned, this is set to be the largest project of its kind in Tampa Bay history. Once completed, this transformative project will feature a diverse mix of spaces. From residential to commercial, recreational to cultural, the development will offer something for everyone. The new neighborhood ballpark, with a capacity of around 30,000 for baseball and other events, will provide a unique fan experience.
The Historic Gas Plant District is estimated to generate a total economic impact in Pinellas County of nearly $1.4 billion ($700 million in present-day), labor earnings of $656 million ($338 million present-day), and greater than 5,500 jobs.